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Company Registration No. 06796450 (England and Wales)
Vel Point Limited Unaudited accounts for the year ended 31 January 2026
Vel Point Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Vel Point Limited Company Information for the year ended 31 January 2026
Director
M Skachko
Company Number
06796450 (England and Wales)
Registered Office
74 Willow Brook Road Southall UB2 4RH
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Vel Point Limited for the year ended 31 January 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vel Point Limited for the year ended 31 January 2026 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Vel Point Limited, as a body, in accordance with the terms of our engagement letter dated 20 January 2009. Our work has been undertaken solely to prepare for your approval the accounts of Vel Point Limited and state those matters that we have agreed to state to the Board of Directors of Vel Point Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vel Point Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Vel Point Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Vel Point Limited. You consider that Vel Point Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Vel Point Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Certified Accountants 1 May 2026
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Vel Point Limited Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
13,583
1,595
Current assets
Debtors
5
-
355
Cash at bank and in hand
12,138
7,542
12,138
7,897
Creditors: amounts falling due within one year
6
(178,530)
(152,436)
Net current liabilities
(166,392)
(144,539)
Net liabilities
(152,809)
(142,944)
Capital and reserves
Called up share capital
7
6
6
Profit and loss account
(152,815)
(142,950)
Shareholders' funds
(152,809)
(142,944)
For the year ending 31 January 2026 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 director acknowledges his 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 and authorised for issue on 1 May 2026 and were signed on its behalf by
M Skachko Director Company Registration No. 06796450
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Vel Point Limited Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Vel Point Limited is a private company, limited by shares, registered in England and Wales, registration number 06796450. The registered office is 74 Willow Brook Road, Southall, UB2 4RH.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
33% on Cost
Motor vehicles
25% on Cost
Fixtures & fittings
25% on Cost
Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and have therefore used the going concern basis in preparing the financial statements.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Vel Point Limited Notes to the Accounts for the year ended 31 January 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2025
6,340
-
858
7,198
Additions
11,935
6,845
102
18,882
Disposals
(3,017)
-
(574)
(3,591)
At 31 January 2026
15,258
6,845
386
22,489
Depreciation
At 1 February 2025
4,815
-
788
5,603
Charge for the year
5,086
1,711
97
6,894
On disposals
(3,017)
-
(574)
(3,591)
At 31 January 2026
6,884
1,711
311
8,906
Net book value
At 31 January 2026
8,374
5,134
75
13,583
At 31 January 2025
1,525
-
70
1,595
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
-
355
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
1,051
-
Other creditors
1,475
2,311
Loans from directors
174,504
148,625
Accruals
1,500
1,500
178,530
152,436
7
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
6 Ordinary shares of £1 each
6
6
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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