| Registered Number:06618493 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Vex Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Vex Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
29,561
6,695
2
29,561
6,695
18,450
17,000
3
| Trade and other receivables |
233,917
240,108
4
162,887
| Cash and cash equivalents |
144,174
401,282
415,254
| Trade and other payables: amounts falling due within one |
| year |
(73,549)
(52,821)
5
341,705
348,461
Net current assets
| Total assets less current liabilities |
378,022
348,400
| Trade and other payables: amounts falling due after more |
| than one year |
(16,122)
(25,637)
6
(5,888)
(471)
| Provisions for liabilities |
346,497
Net assets
331,807
2,000
2,000
344,497
329,807
346,497
331,807
Shareholders' funds
| For the year ended 31 December 2024 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
| each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
| 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
| statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 26 September 2025 and were signed by: |
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For the year ended 31 December 2024
Vex Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 31 December 2024
Vex Limited
Notes to the Financial Statements
Statutory Information
| Vex Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 06618493. |
Kingsway
St. Asaph Avenue
Kinmel Bay
Rhyl
LL18 5HB
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 31 December 2024
Vex Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
57,052
1,500
48,295
7,257
64,476
-
41,226
23,250
-
(41,226)
-
(41,226)
30,507
48,295
1,500
80,302
| Provision for depreciation and impairment |
50,357
-
44,795
5,562
Charge for year
384
-
-
384
50,741
-
44,795
5,946
24,561
3,500
1,500
29,561
1,695
3,500
1,500
6,695
2023
2024
17,000
18,450
| 4. Trade and other receivables |
2023
2024
227,732
204,933
| Prepayments and accrued income |
4,333
-
| Amounts owed by directors |
-
27,085
| Taxation and social security |
8,043
1,899
233,917
240,108
| The debtors above include the following amounts falling due after more than one year: |
38,750
21,098
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For the year ended 31 December 2024
Vex Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
10,429
16,454
29,174
23,630
| Taxation and social security |
13,218
29,665
| Accruals and deferred income |
-
3,800
52,821
73,549
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
3,358
15,757
-
22,279
-
365
25,637
16,122
| 7. Directors advances and guarantees |
Loaned
Repaid
Mr B Hingeley
Directors Loan
(10,490)
13,543
40,806
64,839
(10,490)
13,543
40,806
64,839
Mrs J Hingeley
Directors Loan
(10,490)
13,543
40,806
64,839
(10,490)
13,543
40,806
64,839
| 8. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 4)
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