Value Stream Machinery Ltd - Filleted accounts

Registered number

NI635984

Value Stream Machinery Ltd

Unaudited Filleted Accounts

for the year ended

31 December 2025

Value Stream Machinery Ltd
Registered number:		NI635984
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		67,092			77,726

Current assets
Stocks		7,000			200
Debtors	4	130,867			123,990
Cash at bank and in hand		62,816			29,684
		200,683			153,874

Creditors: amounts falling due within one year	5	(205,939)			(189,971)

Net current liabilities			(5,256)			(36,097)

Total assets less current liabilities			61,836			41,629

Creditors: amounts falling due after more than one year	6		(33,899)			(66,245)

Provisions for liabilities			(14,228)			(14,419)


Net assets/(liabilities)			13,709			(39,035)

Capital and reserves
Called up share capital			10			10
Profit and loss account			13,699			(39,045)

Shareholders' funds			13,709			(39,035)

The directors are 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 directors acknowledge their 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.




Mr. R. Stewart-Maunder
Director
Approved by the board on 27 April 2026

Value Stream Machinery Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			2% reducing balance
	Plant and machinery			20% straight line
	Motor vehicles			20% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					9		9


3	Tangible fixed assets
				Plant and machinery		Motor vehicles		Total
£					£		£
	Cost
	At 1 January 2025			89,775		71,443		161,218
	Additions			9,373		12,490		21,863
	Disposals			-		(1,900)		(1,900)
	At 31 December 2025			99,148		82,033		181,181

	Depreciation
	At 1 January 2025			58,213		25,279		83,492
	Charge for the year			14,570		16,407		30,977
	On disposals			-		(380)		(380)
	At 31 December 2025			72,783		41,306		114,089

	Net book value
	At 31 December 2025			26,365		40,727		67,092
	At 31 December 2024			31,562		46,164		77,726


4	Debtors					2025		2024
£							£

	Trade debtors					129,972		115,259
	Other debtors					895		8,731
						130,867		123,990


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					24,300		24,300
	Obligations under finance lease and hire purchase contracts					11,329		11,571
	Trade creditors					28,365		39,914
	Taxation and social security costs					139,704		94,146
	Directors current accounts					(1,171)		17,392
	Other creditors					3,412		2,648
						205,939		189,971


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					32,697		53,714
	Obligations under finance lease and hire purchase contracts					1,202		12,531
						33,899		66,245


7	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					5,008		5,008


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr. P. Nelson
	Loan to director	-		29,000		-		29,000

		-		29,000		-		29,000


9	Related party transactions

	The the directors owed the company £1,171 at year end (2024 the company owed the directors £17,392).


10	Controlling party

	Mr P. Nelson and Mr R. Stewart-Maunder are joint controlling parties by virtue of their interest in the equity of the business.


11	Other information

	Value Stream Machinery Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	Unit 6
	18 Westbank Road
	Belfast
	BT3 9JL