Company Registration No. 10418230 (England and Wales)
G Vasey Refurbishments Limited
Unaudited accounts
for the year ended 31 October 2025
G Vasey Refurbishments Limited
Unaudited accounts
Contents
G Vasey Refurbishments Limited
Company Information
for the year ended 31 October 2025
Directors
Susan Vasey
Graham Vasey
Benjamin Vasey
Company Number
10418230 (England and Wales)
Registered Office
26 Edgehill Road
Scarborough
North Yorkshire
YO12 4BE
United Kingdom
Accountants
Wright Pottage Limited
Europa House
20 Esplanade
Scarborough
North Yorkshire
YO11 2AQ
G Vasey Refurbishments Limited
Accountants' report
Accountants' report to the board of directors of G Vasey Refurbishments Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 October 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 October 2025. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Wright Pottage Limited
Europa House
20 Esplanade
Scarborough
North Yorkshire
YO11 2AQ
8 July 2026
G Vasey Refurbishments Limited
Statement of financial position
as at 31 October 2025
Tangible assets
38,069
105,511
Cash at bank and in hand
9,795
16,941
Creditors: amounts falling due within one year
(34,844)
(38,254)
Net current assets
449,353
417,735
Total assets less current liabilities
487,422
523,246
Creditors: amounts falling due after more than one year
(59,861)
(43,996)
Net assets
427,561
479,250
Called up share capital
2
2
Profit and loss account
427,559
479,248
Shareholders' funds
427,561
479,250
For the year ending 31 October 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by
Graham Vasey
Director
Company Registration No. 10418230
G Vasey Refurbishments Limited
Notes to the Accounts
for the year ended 31 October 2025
G Vasey Refurbishments Limited is a private company, limited by shares, registered in England and Wales, registration number 10418230. The registered office is 26 Edgehill Road, Scarborough, North Yorkshire, YO12 4BE, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
15 % Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
G Vasey Refurbishments Limited
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
59,308
249,208
272
308,788
Disposals
(38,900)
(60,760)
-
(99,660)
At 31 October 2025
20,408
188,448
272
209,128
At 1 November 2024
35,310
167,694
273
203,277
Charge for the year
452
11,834
-
12,286
On disposals
(17,921)
(26,583)
-
(44,504)
At 31 October 2025
17,841
152,945
273
171,059
At 31 October 2025
2,567
35,503
(1)
38,069
At 31 October 2024
23,998
81,514
(1)
105,511
Amounts falling due within one year
Accrued income and prepayments
430
948
Amounts falling due after more than one year
Other debtors
471,230
438,100
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,219
1,804
Taxes and social security
13,481
19,341
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
52,361
26,248
G Vasey Refurbishments Limited
Notes to the Accounts
for the year ended 31 October 2025
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
In the year to 31 October 2023, the Company entered into an interest-free loan agreement with a company under common control.
At the balance sheet date, the amount receivable from the related party was £471,230 (2024 - £438,100)
The loan is interest-free, unsecured and repayable on demand. No guarantees were given or received.
The directors consider the terms of the loan to be fair and reasonable.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).