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Company Registration No. 03112316 (England and Wales)
Vear M & E Services Limited Unaudited accounts for the year ended 31 March 2025
Vear M & E Services Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Vear M & E Services Limited Company Information for the year ended 31 March 2025
Directors
Mr James Rodney Child Mr Russell David Cameron
Company Number
03112316 (England and Wales)
Registered Office
Unit 4 Old Farm Court Nursling Street, Rownhams Southampton Hampshire SO16 0AJ England
Accountants
Power Accountax Limited Mailbox 3, Solent Business Centre 343 Millbrook Road West Southampton SO15 0HW
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Vear M & E Services Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
28,810
39,165
Current assets
Inventories
318,810
318,544
Debtors
5
777,531
654,187
Cash at bank and in hand
162,974
846,437
1,259,315
1,819,168
Creditors: amounts falling due within one year
6
(591,569)
(995,827)
Net current assets
667,746
823,341
Total assets less current liabilities
696,556
862,506
Creditors: amounts falling due after more than one year
7
(283,462)
(425,776)
Net assets
413,094
436,730
Capital and reserves
Called up share capital
100
100
Profit and loss account
412,994
436,630
Shareholders' funds
413,094
436,730
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Mr James Rodney Child Director Company Registration No. 03112316
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Vear M & E Services Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Vear M & E Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03112316. The registered office is Unit 4 Old Farm Court, Nursling Street, Rownhams, Southampton, Hampshire, SO16 0AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance method
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
58,809
19,263
78,072
At 31 March 2025
58,809
19,263
78,072
Depreciation
At 1 April 2024
33,999
4,908
38,907
Charge for the year
6,203
4,152
10,355
At 31 March 2025
40,202
9,060
49,262
Net book value
At 31 March 2025
18,607
10,203
28,810
At 31 March 2024
24,810
14,355
39,165
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
688,944
555,355
Other debtors
88,587
98,832
777,531
654,187
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Vear M & E Services Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
30,163
Trade creditors
526,404
1,036,895
Taxes and social security
57,552
(81,562)
Other creditors
7,613
10,331
591,569
995,827
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
53,740
68,740
Loans from directors
229,722
357,036
283,462
425,776
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mr James Rodney Child
Amount due to Director
357,036
(127,314)
-
229,722
357,036
(127,314)
-
229,722
9
Average number of employees
During the year the average number of employees was 19 (2024: 19).
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