VEGA ENVIRONMENTAL CONSULTANTS LIMITED


Directors	BROWN, Alison
	BROWN, Edward James
	BROWN, Edward
	BROWN, Ronald
	PONTON, Andrea Clare


Company Secretary	BROWN, Alison


Registered Address	Church Building Station Road
	Seaton Delaval
	Whitley Bay
	NE25 0PT


Registered Number	02319141 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		339,851		499,346
			339,851		499,346
Current assets
Debtors	4	338,071		325,378
Cash at bank and on hand		420,269		145,710
		758,340		471,088
Creditors amounts falling due within one year	5	(305,870)		(257,964)
Net current assets (liabilities)			452,470		213,124
Total assets less current liabilities			792,321		712,470
Creditors amounts falling due after one year	6		-		(12,642)
Provisions for liabilities	8		(54,000)		(66,401)
Net assets			738,321		633,427
Capital and reserves
Called up share capital			100		100
Revaluation reserve			-		97,114
Profit and loss account			738,221		536,213
Shareholders' funds			738,321		633,427

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 November 2025, and are signed on its behalf by:

BROWN, Edward
Director
Registered Company No. 02319141

VEGA ENVIRONMENTAL CONSULTANTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Fixtures and fittings	15	-
Vehicles	25	-
Office Equipment	-	4

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	33		30

3.	Tangible fixed assets

	Land & buildings	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	170,000	308,725	185,131	50,342	714,198
Additions	-	82,584	18,613	1,870	103,067
Disposals	(170,000)	(39,989)	-	-	(209,989)
At 31 March 25	-	351,320	203,744	52,212	607,276
Depreciation and impairment
At 01 April 24	4,249	48,761	119,500	42,342	214,852
Charge for year	2,833	72,009	11,774	3,456	90,072
On disposals	(7,082)	(30,417)	-	-	(37,499)
At 31 March 25	-	90,353	131,274	45,798	267,425
Net book value
At 31 March 25	-	260,967	72,470	6,414	339,851
At 31 March 24	165,751	259,964	65,631	8,000	499,346


	Net book value of assets held on Hire Purchase agreements is £54,992 (2024 - £73,323).

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	229,055	214,417
Other debtors	75,244	79,033
Prepayments and accrued income	33,772	31,928
Total	338,071	325,378


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	40,093	61,203
Taxation and social security	228,988	112,084
Finance lease and HP contracts	12,642	16,855
Other creditors	10,569	52,832
Accrued liabilities and deferred income	13,578	14,990
Total	305,870	257,964


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	-	12,642
Total	-	12,642

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	12,642		29,497

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	54,000	66,401
Total	54,000	66,401

9.	Related party transactions
	Included in other creditors is a loan from the directors of £5,074 (2024 - £47,577). In accordance with the loan agreement, should the directors' loan account become overdrawn, interest will be charged at a rate of 2.25% per annum.