REGISTERED NUMBER: 04374485 (England and Wales)

Financial Statements for the Period 24 April 2024 to 30 April 2025

for

Velcol Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

P J Tierney

Mrs H C Tierney

Secretary:

Mrs H C Tierney

Registered office:

Sohan Singh House

2nd Floor

44 Bradford Street

Walsall

West Midlands

WS1 4QA

Registered number:

04374485 (England and Wales)

Accountants:

Sohans, Chartered Accountants

44 Bradford Street

Walsall

WS1 3QA

Fixed assets

Tangible assets

4

1,166,578

1,188,077

Current assets

Stocks

229,086

393,606

Debtors

5

1,342,432

1,990,022

Cash at bank

4,025,826

1,492,018

5,597,344

3,875,646

Creditors

Amounts falling due within one year

6

1,569,599

1,436,622

Net current assets

4,027,745

2,439,024

Total assets less current liabilities

5,194,323

3,627,101

Creditors

Amounts falling due after more than one year

7

(132,834

)

(301,314

)

Provisions for liabilities

(291,612

)

(131,431

)

Net assets

4,769,877

3,194,356

Capital and reserves

Called up share capital

4

4

Retained earnings

4,769,873

3,194,352

Shareholders' funds

4,769,877

3,194,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 6 January 2026 and were signed on its behalf by:

P J Tierney - Director

1.	Statutory information

Velcol 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Prior year adjustments

It was identified that some balances had been incorrectly allocated on the prior year balance sheet. The prior year balance sheet has been adjusted to reflect the correct allocations with no impact on the profits for the year.

3.	Employees and directors

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

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 24 April 2024

1,923,566

1,842

274,130

12,666

2,212,204

Additions

170,875

-

137,448

1,104

309,427

Disposals

(104,100

)

-

(123,915

)

-

(228,015

)

At 30 April 2025

1,990,341

1,842

287,663

13,770

2,293,616

Depreciation

At 24 April 2024

854,775

1,809

158,736

8,807

1,024,127

Charge for period

181,507

8

44,324

1,241

227,080

Eliminated on disposal

(75,853

)

-

(48,316

)

-

(124,169

)

At 30 April 2025

960,429

1,817

154,744

10,048

1,127,038

Net book value

At 30 April 2025

1,029,912

25

132,919

3,722

1,166,578

At 23 April 2024

1,068,791

33

115,394

3,859

1,188,077

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 24 April 2024

1,522,599

164,758

1,687,357

Additions

93,486

34,080

127,566

At 30 April 2025

1,616,085

198,838

1,814,923

Depreciation

At 24 April 2024

616,171

109,245

725,416

Charge for period

149,987

22,406

172,393

At 30 April 2025

766,158

131,651

897,809

Net book value

At 30 April 2025

849,927

67,187

917,114

At 23 April 2024

906,428

55,513

961,941

5.

Debtors: amounts falling due within one year

30.4.25

23.4.24

as restated

£

£

Trade debtors

846,856

1,382,641

Other debtors

495,576

607,381

1,342,432

1,990,022

6.

Creditors: amounts falling due within one year

30.4.25

23.4.24

as restated

£

£

Bank loans and overdrafts

56,275

120,789

Hire purchase contracts

211,182

187,295

Trade creditors

620,933

878,364

Taxation and social security

631,847

196,766

Other creditors

49,362

53,408

1,569,599

1,436,622

7.

Creditors: amounts falling due after more than one year

30.4.25

23.4.24

as restated

£

£

Hire purchase contracts

132,834

301,314

8.	Related party disclosures

At the end of the period the company was owed £314,900 (2024 £319,700) from JKM Properties Midlands Limited, a company under common control.

9.	Ultimate controlling party

The controlling party is the directors by virtue of their shareholding.