Vulcatech Belting Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04811326

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		955,523		1,014,654
Investments	5		-		31,257

			955,523		1,045,911
CURRENT ASSETS
Stocks	6	507,680		592,784
Debtors	7	975,758		958,178
Cash at bank and in hand		26,856		28,939

		1,510,294		1,579,901
Creditors: Amounts Falling Due Within One Year	8	(1,080,033 )		(1,284,360 )

NET CURRENT ASSETS (LIABILITIES)			430,261		295,541

TOTAL ASSETS LESS CURRENT LIABILITIES			1,385,784		1,341,452

Creditors: Amounts Falling Due After More Than One Year	9		(305,261 )		(336,818 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(99,716 )		(110,432 )

NET ASSETS			980,807		894,202

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			979,807		893,202

SHAREHOLDERS' FUNDS			980,807		894,202

Page 1

Page 2

Vulcatech Belting Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 19 September 2025 and were signed on its behalf by:

Mr Steven Pledger

Director

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Vulcatech Belting Ltd is a private company, limited by shares, incorporated in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold	No depreciation
Plant & Machinery	15% on reducing balance
Motor Vehicles	25% on reducing balance
Improvements to Property	15% on cost

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

2.5. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

2.7. Financial Instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

...CONTINUED

Page 3

Page 4

Vulcatech Belting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.7. Financial Instruments - continued

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.8. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees during the year was: 19 (2024: 19)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Improvements to Property	Total
	£	£	£	£	£
Cost
As at 1 August 2024	493,637	835,349	308,952	54,100	1,692,038
Additions	-	18,267	30,292	-	48,559
Disposals	-	-	(14,659 )	-	(14,659 )

As at 31 July 2025	493,637	853,616	324,585	54,100	1,725,938

Depreciation
As at 1 August 2024	-	483,279	147,049	47,056	677,384
Provided during the period	-	55,551	47,773	3,265	106,589
Disposals	-	-	(13,558 )	-	(13,558 )

As at 31 July 2025	-	538,830	181,264	50,321	770,415

Net Book Value
As at 31 July 2025	493,637	314,786	143,321	3,779	955,523

As at 1 August 2024	493,637	352,070	161,903	7,044	1,014,654

Page 4

Page 5

Vulcatech Belting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

5. Investments

	Other
	£
Cost or Valuation
As at 1 August 2024	31,257
Disposals	(31,257 )

As at 31 July 2025	-

Provision
As at 1 August 2024	-

As at 31 July 2025	-

Net Book Value
As at 31 July 2025	-

As at 1 August 2024	31,257

6. Stocks

	2025	2024
	£	£
Stock	495,000	580,381
Work in progress	12,680	12,403

	507,680	592,784

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	897,410	895,837
Amounts owed by participating interests	21,499	20,634
Other debtors	56,849	41,707

	975,758	958,178

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	46,322	53,166
Trade creditors	384,387	589,854
Bank loans and overdrafts	6,672	21,671
Other creditors	304,655	406,120
Taxation and social security	337,997	213,549

	1,080,033	1,284,360

Page 5

Page 6

Vulcatech Belting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	43,424	64,275
Bank loans	261,837	272,543

	305,261	336,818

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

11. Secured Debts

The following secured debts are included within creditors:	2025	2024
	£	£
Bank loans	268,509	294,214
Invoice factoring	283,518	389,544
	552,171	683,758

On 25 August 2017 a charge was created securing the mortgage against the property owned at Units 1-4 Enterprise Way, and all furnishings, fixtures and plant and machinery kept at the premises.

On 31 July 2020, a debenture charge was created, securing a loan and fixed and floating charges owed to Clydesdale Bank Plc against all property and undertakings of the company.

Page 6