VERMTEK LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07571842

VERMTEK LTD

Filleted Unaudited Financial Statements

For the year ended

31 August 2025

VERMTEK LTD

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	6	29,023	28,447
Tangible assets	7	395,235	360,213
		---------	---------
		424,258	388,660

Current assets

Debtors	8	497,068	507,214
Cash at bank and in hand		230,622	231,555
		---------	---------
		727,690	738,769

Creditors: amounts falling due within one year	9	361,805	407,276
		---------	---------
Net current assets		365,885	331,493
		---------	---------
Total assets less current liabilities		790,143	720,153

Creditors: amounts falling due after more than one year	10	189,713	171,410
		---------	---------
Net assets		600,430	548,743
		---------	---------

Capital and reserves

Called up share capital	120	1
Profit and loss account	600,310	548,742
	---------	---------
Shareholders funds	600,430	548,743
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

VERMTEK LTD

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 27 May 2026 , and are signed on behalf of the board by:

Mr C Hancock

Director

Company registration number: 07571842

VERMTEK LTD

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 8, Shrivenham 100 Business Park, Majors Road, Watchfield, Oxfordshire, SN6 8TZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Software	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Fixtures, fittings and equipment	-	20% reducing balance
Motor vehicles	-	25% reducing balance

	IT equipment	-	33% straight line

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2024: 13 ).

5. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	90,000	87,400
	--------	--------

6. Intangible assets

	Web-site
	£
Cost
At 1 September 2024	73,390
Additions	27,450
	---------
At 31 August 2025	100,840
	---------
Amortisation
At 1 September 2024	44,943
Charge for the year	26,874
	---------
At 31 August 2025	71,817
	---------
Carrying amount
At 31 August 2025	29,023
	---------
At 31 August 2024	28,447
	---------

7. Tangible assets

	Land and buildings	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	IT Software	Total
	£	£	£	£	£	£
Cost
At 1 Sep 2024	325,333	59,783	29,567	68,108	29,651	512,442
Additions	–	63,367	2,645	–	–	66,012
	---------	---------	--------	--------	--------	---------
At 31 Aug 2025	325,333	123,150	32,212	68,108	29,651	578,454
	---------	---------	--------	--------	--------	---------
Depreciation
At 1 Sep 2024	32,635	35,370	19,893	38,585	25,746	152,229
Charge for the year	6,094	13,167	3,046	7,381	1,302	30,990
	---------	---------	--------	--------	--------	---------
At 31 Aug 2025	38,729	48,537	22,939	45,966	27,048	183,219
	---------	---------	--------	--------	--------	---------
Carrying amount
At 31 Aug 2025	286,604	74,613	9,273	22,142	2,603	395,235
	---------	---------	--------	--------	--------	---------
At 31 Aug 2024	292,698	24,413	9,674	29,523	3,905	360,213
	---------	---------	--------	--------	--------	---------

8. Debtors

	2025	2024
	£	£
Trade debtors	282,187	364,721
Other debtors	214,881	142,493
	---------	---------
	497,068	507,214
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,435	10,542
Trade creditors	240,036	287,575
Corporation tax	33,533	27,351
Social security and other taxes	46,015	58,568
Intercompany loan account - CBRH Ltd	2,600	–
Other creditors	29,186	23,240
	---------	---------
	361,805	407,276
	---------	---------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	163,707	171,410
Other creditors	26,006	–
	---------	---------
	189,713	171,410
	---------	---------

11. Directors' advances, credits and guarantees

At the beginning of the year, the director owed the company £76,005 which was repaid in full on 17 March 2025. During the year, the company made net loan advances to the director, totalling £95,577 including interest which was still outstanding at the period end. The maximum amount outstanding during the year was £125,598. Interest was charged on the average outstanding balance for the period.

12. Related party transactions

On 17 March 2025, Vermtek Ltd paid a dividend of £90,000 to its parent company CBRH Ltd by credit to an intercompany account. On 17 March 2025, CBRH Ltd paid a dividend of £87,400 to its director and only shareholder, Mr C Hancock by credit to his director's loan account in Vermtek Ltd. On the same day, Vermtek settled £87,400 of the intercompany account. Included in other creditors is an intercompany balance of £2,600 owed to CBRH Ltd at the period end.