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Company Registration No. 9681573 (England and Wales)
VREO INNOVATION LIMITED Unaudited accounts for the year ended 31 July 2025
VREO INNOVATION LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VREO INNOVATION LIMITED Company Information for the year ended 31 July 2025
Directors
Mark William Vernon Karen Marie Weech
Company Number
9681573 (England and Wales)
Registered Office
Vreo Innovation 6 Double Row Seaton Delaval Whitley Bay Tyne and Wear NE25 0PP England
Accountants
JBC Management Solutions Ltd 5 Dene Park Ponteland Newcastle upon Tyne Northumberland NE20 9AH
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VREO INNOVATION LIMITED Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
35,031
13,268
Current assets
Inventories
309,335
157,616
Debtors
6
123,948
95,426
Cash at bank and in hand
-
20,338
433,283
273,380
Creditors: amounts falling due within one year
7
(248,048)
(134,228)
Net current assets
185,235
139,152
Total assets less current liabilities
220,266
152,420
Creditors: amounts falling due after more than one year
8
(159,152)
(17,664)
Provisions for liabilities
Deferred tax
(8,015)
-
Net assets
53,099
134,756
Capital and reserves
Called up share capital
100
100
Profit and loss account
52,999
134,656
Shareholders' funds
53,099
134,756
For the year ending 31 July 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by
Mark William Vernon Director Company Registration No. 9681573
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VREO INNOVATION LIMITED Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
VREO INNOVATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9681573. The registered office is Vreo Innovation, 6 Double Row, Seaton Delaval, Whitley Bay, Tyne and Wear, NE25 0PP, England.
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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:
Plant & machinery
Straight line over 4 years
Fixtures & fittings
Straight line over 4 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised at 20% of cost per annum
4
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2024
14,000
At 31 July 2025
14,000
Amortisation
At 1 August 2024
14,000
At 31 July 2025
14,000
Net book value
At 31 July 2025
-
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VREO INNOVATION LIMITED Notes to the Accounts for the year ended 31 July 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
46,032
14,000
23,438
83,470
Additions
766
-
33,133
33,899
At 31 July 2025
46,798
14,000
56,571
117,369
Depreciation
At 1 August 2024
46,032
2,800
21,370
70,202
Charge for the year
191
2,800
9,145
12,136
At 31 July 2025
46,223
5,600
30,515
82,338
Net book value
At 31 July 2025
575
8,400
26,056
35,031
At 31 July 2024
-
11,200
2,068
13,268
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
90,118
41,541
Accrued income and prepayments
33,775
53,565
123,893
95,106
Amounts falling due after more than one year
Other debtors
55
320
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
54,784
-
VAT
24,684
12,800
Trade creditors
118,019
63,524
Amounts owed to group undertakings and other participating interests
355
355
Taxes and social security
48,651
35,130
Other creditors
1,555
22,419
248,048
134,228
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
159,152
17,664
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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