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Company No: 07893929 (England and Wales)

# VELRESCO GROUP LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

VELRESCO GROUP LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

VELRESCO GROUP LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
VELRESCO GROUP LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTOR | M A Whittaker

REGISTERED OFFICE | 7 East Ridge View
| Garforth
| Leeds
| LS25 2PN
| United Kingdom

COMPANY NUMBER | 07893929 (England and Wales)

ACCOUNTANT | S&W Partners (Leeds) Limited
| 3rd Floor, 56 Wellington Street
| Leeds
| LS1 2EE

VELRESCO GROUP LIMITED

## BALANCE SHEET

As at 31 December 2025
VELRESCO GROUP LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 37 |  | 76
Investments | 5 | 3 |  | 3
|  | 40 |  | 79
Current assets |  |  |  |
Debtors | 6 | 22,270 |  | 9,286
Cash at bank and in hand |  | 20,288 |  | 7,462
|  | 42,558 |  | 16,748
Creditors: amounts falling due within one year | 7 | ( 50,060) |  | ( 38,527)
Net current liabilities |  | (7,502) |  | (21,779)
Total assets less current liabilities |  | (7,462) |  | (21,700)
Creditors: amounts falling due after more than one year | 8 | ( 19,564) |  | ( 10,250)
Accruals and deferred income |  | ( 2,602) |  | ( 1,302)
Net liabilities |  | ( 29,628) |  | ( 33,252)
Capital and reserves |  |  |  |
Called-up share capital |  | 3 |  | 3
Profit and loss account |  | ( 29,631 ) |  | ( 33,255 )
Total shareholder's deficit |  | ( 29,628) |  | ( 33,252)

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Velresco Group Limited (registered number: 07893929) were approved and authorised for issue by the Director on 06 March 2026. They were signed on its behalf by:

M A Whittaker Director |

VELRESCO GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
VELRESCO GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Velresco Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 East Ridge View, Garforth, Leeds, LS25 2PN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Velresco Group Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Going concern

The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 300,000 |  | 300,000
At 31 December 2025 | 300,000 |  | 300,000
Accumulated amortisation |  |  |
At 01 January 2025 | 300,000 |  | 300,000
At 31 December 2025 | 300,000 |  | 300,000
Net book value |  |  |
At 31 December 2025 | 0 |  | 0
At 31 December 2024 | 0 |  | 0

#### 4. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 11,490 |  | 11,490
At 31 December 2025 | 11,490 |  | 11,490
Accumulated depreciation |  |  |
At 01 January 2025 | 11,414 |  | 11,414
Charge for the financial year | 39 |  | 39
At 31 December 2025 | 11,453 |  | 11,453
Net book value |  |  |
At 31 December 2025 | 37 |  | 37
At 31 December 2024 | 76 |  | 76

#### 5. Fixed asset investments

| 2025 |  | 2024
| £ |  | £
Subsidiary undertakings | 3 |  | 3

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
VAT recoverable | 3,666 |  | 3,353
Other debtors | 18,604 |  | 5,933
| 22,270 |  | 9,286

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 31,447 |  | 24,600
Amounts owed to director | 12,635 |  | 8,035
Other creditors | 5,978 |  | 5,892
| 50,060 |  | 38,527

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 19,564 |  | 10,250

There are no amounts included above in respect of which any security has been given by the small entity.