| Veles Water Limited |
| Registered number: |
10073356 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Current assets |
| Debtors |
5 |
|
|
776,460 |
|
|
372,581 |
| Cash at bank and in hand |
|
|
|
40 |
|
|
169,506 |
|
|
|
|
776,500 |
|
|
542,087 |
|
| Creditors: amounts falling due within one year |
6 |
|
|
(47,121) |
|
|
(19,543) |
|
|
|
|
|
|
|
|
| Net current assets |
|
|
|
729,379 |
|
|
522,544 |
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
|
729,379 |
|
|
522,544 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(288,187) |
|
|
(165,538) |
|
| Net assets |
|
|
|
441,192 |
|
|
357,006 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
8 |
|
|
1,121 |
|
|
1,121 |
| Share premium |
|
|
|
764,939 |
|
|
764,939 |
| Profit and loss account |
|
|
|
(324,868) |
|
|
(409,054) |
|
| Shareholders' funds |
|
|
|
441,192 |
|
|
357,006 |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges his 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. |
|
|
|
|
| Lance Reginald Coogan |
| Director |
| Approved by the board on 30 December 2025 |
|
| Veles Water Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Statutory information |
|
|
Veles Water Limited is a private company, limited by shares, registered in England and Wales, registration number 10073356. The registered office is The Club House, St James's, 8 St. James's Square, London, SW1Y 4JU, United Kingdom. |
|
| 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. |
|
|
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 sale of goods and from 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. |
|
|
Presentation currency |
|
The accounts are presented in £ sterling. |
|
|
Tangible fixed assets |
|
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: |
|
|
Computer Equipment |
33.33% straight line basis |
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Computer Equipment |
| £ |
|
Cost |
|
At 1 January 2024 |
3,230 |
|
At 31 December 2024 |
3,230 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
3,230 |
|
At 31 December 2024 |
3,230 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
- |
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
776,460 |
|
372,581 |
|
|
|
|
|
|
776,460 |
|
372,581 |
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Directors' loan |
950 |
|
- |
|
Bank loans and overdrafts |
4,419 |
|
1,005 |
|
Trade creditors |
1,500 |
|
- |
|
Taxation and social security costs |
3,247 |
|
(6,102) |
|
Other creditors |
37,005 |
|
24,640 |
|
|
|
|
|
|
47,121 |
|
19,543 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
35,101 |
|
38,818 |
|
Shareholders' loan |
86,720 |
|
86,720 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
166,366 |
|
40,000 |
|
|
|
|
|
|
288,187 |
|
165,538 |
|
|
|
|
|
|
|
|
|
| 8 |
Share Capital |
2024 |
|
2023 |
| £ |
£ |
|
|
Alloted, called up and fully paid: |
|
1,120,633 Ordinary shares of £0.001 each |
1,121 |
|
1,121 |
|
|
|
|
|
|
|
|
|
| 9 |
Average number of employees |
|
|
During the year the average number of employees was 0 (2023: 0). |