Vemco Consulting Limited - Filleted accounts

Vemco Consulting Limited
Registered number:		08276458
Balance Sheet
at 30 November 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		52,632			42,587

Current assets
Debtors	4	627,307			723,544
Cash at bank and in hand		178,518			377,126
		805,825			1,100,670

Creditors: amounts falling due within one year	5	(842,359)			(1,091,234)

Net current (liabilities)/assets			(36,534)			9,436

Total assets less current liabilities			16,098			52,023


Provisions for liabilities			(5,000)			(11,000)


Net assets			11,098			41,023

Capital and reserves
Called up share capital			10			10
Profit and loss account			11,088			41,013

Shareholders' funds			11,098			41,023

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Basil Evan Jackson
Director
Approved by the board on 29 September 2025

Vemco Consulting Limited
Notes to the Financial Statements
for the year ended 30 November 2024


1	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).

	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 rendering of services and is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method.

	Plant and machinery			25% per year
	Motor vehicles			20% per year

	Debtors
	Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

	Creditors
	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

	Taxation
	Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date. Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Employee benefits
	Short-term employee benefits and contributions to defined contribution pension plans are recognised as an expense in the period in which they are incurred. The company operates stakeholder defined contribution pension schemes for the benefit of the employees and directors. The assets of the pension schemes are administered by an independent pensions provider.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					13		11


3	Tangible fixed assets
				Plant and machinery		Motor vehicles		Total
£					£		£
	Cost
	At 1 December 2023			58,065		36,335		94,400
	Additions			32,849		-		32,849
	At 30 November 2024			90,914		36,335		127,249

	Depreciation
	At 1 December 2023			44,546		7,267		51,813
	Charge for the year			15,537		7,267		22,804
	At 30 November 2024			60,083		14,534		74,617

	Net book value
	At 30 November 2024			30,831		21,801		52,632
	At 30 November 2023			13,519		29,068		42,587


4	Debtors					2024		2023
£							£

	Trade debtors					438,785		445,514
	Corporation tax					18,165		-
	Other debtors					942		942
	Owed by director					-		59,686
	Owed by connected company					92,712		2,022
	Owed by group company					-		77
	Prepayments and accrued income					76,703		215,303
						627,307		723,544


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					22,980		-
	Owed to group company					558,846		830,995
	Taxation and social security costs					185,887		224,642
	Other creditors					15,198		13,439
	Accruals and deferred income					59,448		22,158
						842,359		1,091,234


6	Other financial commitments					2024		2023
£							£

	Total future minimum payments under non-cancellable operating leases					785		785


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	B E Jackson
	Loan	59,686		2,882		(62,568)		-

		59,686		2,882		(62,568)		-


8	Controlling party

	Vemco Limited, a company incorporated in England and Wales.


9	Other information

	Vemco Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
	William James House
	Cowley Road
	Cambridgeshire
	CB4 0WX