REGISTERED NUMBER: 05627514 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VASSAN LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Singh

Mrs L F Singh

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

05627514 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

386,885

52,858

386,885

52,858

CURRENT ASSETS

Stocks

22,049

18,002

Debtors

6

1,166,939

1,212,800

Cash at bank

363,975

447,492

1,552,963

1,678,294

CREDITORS

Amounts falling due within one year

7

888,671

739,623

NET CURRENT ASSETS

664,292

938,671

TOTAL ASSETS LESS CURRENT LIABILITIES

1,051,177

991,529

PROVISIONS FOR LIABILITIES

6,987

-

NET ASSETS

1,044,190

991,529

CAPITAL AND RESERVES

Called up share capital

8

40

40

Retained earnings

1,044,150

991,489

SHAREHOLDERS' FUNDS

1,044,190

991,529

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

Mr A Singh - Director

1.	STATUTORY INFORMATION

Vassan Ltd 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 represents the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is measured at fair value of consideration received or receivable.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was being amortised evenly over its estimated life of 16 years. Due to transition to FRS 102 Section 1A, the balance amount will be fully amortised within six years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 122 (2024 - 140 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

590,676

AMORTISATION

At 1 April 2024

and 31 March 2025

590,676

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

669,496

-

121,978

Additions

-

46,606

277,029

Disposals

(202,645

)

-

(22,370

)

At 31 March 2025

466,851

46,606

376,637

DEPRECIATION

At 1 April 2024

663,538

-

84,092

Charge for year

3,946

3,984

32,036

Eliminated on disposal

(202,645

)

-

(17,009

)

At 31 March 2025

464,839

3,984

99,119

NET BOOK VALUE

At 31 March 2025

2,012

42,622

277,518

At 31 March 2024

5,958

-

37,886

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

-

20,479

811,953

Additions

73,725

110

397,470

Disposals

-

-

(225,015

)

At 31 March 2025

73,725

20,589

984,408

DEPRECIATION

At 1 April 2024

-

11,465

759,095

Charge for year

15,856

2,260

58,082

Eliminated on disposal

-

-

(219,654

)

At 31 March 2025

15,856

13,725

597,523

NET BOOK VALUE

At 31 March 2025

57,869

6,864

386,885

At 31 March 2024

-

9,014

52,858

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

570,611

651,363

Other debtors

596,328

561,437

1,166,939

1,212,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

211,092

206,825

Taxation and social security

200,372

207,585

Other creditors

477,207

325,213

888,671

739,623

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

20

Ordinary A

£1

20

20

200

Ordinary B

£.10

20

20

40

40