REGISTERED NUMBER: 13298139 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

V Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Bucknall

P Saunders

REGISTERED OFFICE:

Unit 1 Transigo

Gables Way

Thatcham

RG19 4JZ

REGISTERED NUMBER:

13298139 (England and Wales)

ACCOUNTANTS:

Randall Accountancy Limited

22 The Crofts

Basingstoke

Hampshire

RG22 4RF

FIXED ASSETS

Tangible assets

4

24,297

32,396

CURRENT ASSETS

Stocks

54,026

16,625

Debtors

5

107,566

100,627

Cash at bank

45,149

226,949

206,741

344,201

CREDITORS

Amounts falling due within one year

6

123,214

157,056

NET CURRENT ASSETS

83,527

187,145

TOTAL ASSETS LESS CURRENT LIABILITIES

107,824

219,541

CREDITORS

Amounts falling due after more than one year

7

-

(494,501

)

PROVISIONS FOR LIABILITIES

9

(4,616

)

(6,155

)

NET ASSETS/(LIABILITIES)

103,208

(281,115

)

CAPITAL AND RESERVES

Called up share capital

10

14

11

Share premium

11

559,747

149,999

Retained earnings

11

(456,553

)

(431,125

)

SHAREHOLDERS' FUNDS

103,208

(281,115

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

P Saunders - Director

1.	STATUTORY INFORMATION

V Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in the profit and loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

64,994

2,800

2,140

69,934

DEPRECIATION

At 1 April 2024

33,779

1,619

2,140

37,538

Charge for year

7,804

295

-

8,099

At 31 March 2025

41,583

1,914

2,140

45,637

NET BOOK VALUE

At 31 March 2025

23,411

886

-

24,297

At 31 March 2024

31,215

1,181

-

32,396

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

13,971

8,567

Other debtors

93,595

92,060

107,566

100,627

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

53,129

45,819

Taxation and social security

17,477

10,159

Other creditors

52,608

101,078

123,214

157,056

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

-

494,501

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

71,649

71,649

Between one and five years

5,970

77,619

77,619

149,268

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

4,616

6,155

Deferred

tax

£

Balance at 1 April 2024

6,155

Credit to Income Statement during year

(1,539

)

Balance at 31 March 2025

4,616

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,415

Ordianary

1p

14

11

284 Ordianary shares of 1p were issued during the year for cash of £ 409,751 .

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2024

(431,125

)

149,999

(281,126

)

Deficit for the year

(25,428

)

(25,428

)

Cash share issue

-

409,748

409,748

At 31 March 2025

(456,553

)

559,747

103,194