Registration number: 14077579

VeyorEX Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

VeyorEX Ltd

Company Information

Directors

Niels Braspenning Chris Vink

Registered office

Unit 12 Vesty Business Park, Vesty Road, Bootle England L30 1NY

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

VeyorEX Ltd

(Registration number: 14077579)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	25,234	28,838
Tangible assets	6	86,598	109,151
		111,832	137,989
Current assets
Stocks	7	431,570	438,472
Debtors	8	613,944	698,325
Cash at bank and in hand		45,666	61,899
		1,091,180	1,198,696
Creditors: Amounts falling due within one year	9	(1,620,261)	(1,559,804)
Net current liabilities		(529,081)	(361,108)
Total assets less current liabilities		(417,249)	(223,119)
Creditors: Amounts falling due after more than one year	9	(151,205)	(135,267)
Net liabilities		(568,454)	(358,386)
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		(569,454)	(359,386)
Shareholders' deficit		(568,454)	(358,386)

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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 13 April 2026 and signed on its behalf by:
 

......................................... Niels Braspenning Director

......................................... Chris Vink Director

VeyorEX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 12 Vesty Business Park, Vesty Road, Bootle
England
L30 1NY

These financial statements were authorised for issue by the Board on 13 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	20% Straight Line
Motor Vehicles	20% Straight Line

VeyorEX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Office Equipment

20% Straight Line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Development costs	10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

VeyorEX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

4	Loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	31,727	36,385
Amortisation expense	3,605	3,605

VeyorEX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2025	36,048	36,048
At 31 December 2025	36,048	36,048
Amortisation
At 1 January 2025	7,210	7,210
Amortisation charge	3,604	3,604
At 31 December 2025	10,814	10,814
Carrying amount
At 31 December 2025	25,234	25,234
At 31 December 2024	28,838	28,838

6	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	80,196	101,727	181,923
Additions	3,399	42,949	46,348
Disposals	(46,467)	-	(46,467)
At 31 December 2025	37,128	144,676	181,804
Depreciation
At 1 January 2025	22,810	49,962	72,772
Charge for the year	7,017	24,711	31,728
Eliminated on disposal	(9,294)	-	(9,294)
At 31 December 2025	20,533	74,673	95,206
Carrying amount
At 31 December 2025	16,595	70,003	86,598
At 31 December 2024	57,386	51,765	109,151

VeyorEX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

7

Stocks

	2025 £	2024 £
Finished goods and goods for resale	431,570	438,472

8

Debtors

Current	2025 £	2024 £
Trade debtors	442,598	553,258
Prepayments	10,873	144,817
Other debtors	160,473	250
	613,944	698,325

VeyorEX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	429,560	237,969
Trade creditors		823,244	697,814
Amounts owed to group undertakings and undertakings in which the company has a participating interest		-	18,642
Taxation and social security		154,147	176,510
Accruals and deferred income		213,757	428,510
Other creditors		(447)	359
		1,620,261	1,559,804

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	151,205	135,267

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	429,560	237,969