| Vacmet Europe Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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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: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Stocks |
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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. |
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Debtors |
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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. |
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Creditors |
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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. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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Provisions |
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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. |
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Foreign currency translation |
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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. |
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Leased assets |
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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. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Mr Opinder Singh Sawhney |
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Firm: |
Sawhney Consulting Ltd |
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Date of audit report: |
29 June 2026 |
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| 3 |
Employees |
2026 |
|
2025 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
|
1 |
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| 4 |
Revenue from operations |
£ |
£ |
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Sale of products |
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|
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|
3,315,677 |
|
5,087,171 |
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Less: Rebate and discounts |
(9,699) |
|
(1,089) |
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3,305,978 |
|
5,086,082 |
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| 5 |
Stocks |
2026 |
|
2025 |
| £ |
£ |
|
Stock |
455,025 |
|
751,798 |
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Less: Closing stock |
(117,041) |
|
(455,025) |
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Change in stock |
337,984 |
|
296,773 |
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| 6 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
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Trade debtors |
449,530 |
|
136,971 |
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Prepayments and accrued income |
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|
14,487 |
|
16,826 |
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Other debtors |
1,396 |
|
1,396 |
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465,413 |
|
155,193 |
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| 7 |
Investments held as current assets |
2026 |
|
2025 |
| £ |
£ |
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Liquid investments |
1,125,000 |
|
1,400,000 |
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| 8 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
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Trade creditors |
699,980 |
|
962,466 |
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Taxation and social security costs |
57,866 |
|
183,760 |
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Other creditors |
51,251 |
|
49,470 |
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|
809,097 |
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1,195,696 |
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| 9 |
Contingent liabilities |
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The company had no contingent assets or contingent liabilities at the reporting date. |
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| 10 |
Share capital |
Nominal |
|
2026 |
|
2026 |
|
2025 |
| value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
10,000 |
|
10,000 |
|
10,000 |
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| 11 |
Profit and loss account |
2026 |
| £ |
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At 1 April 2025 |
975,453 |
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Profit for the year |
162,511 |
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At 31 March 2026 |
1,137,964 |
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| 12 |
FRC's Ethical Standard - Provision Available for Audits of Small Entities |
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In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
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| 13 |
Comparable Figures |
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Previous year figures have been regrouped or rearranged to make them comparable with current year figures. |
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| 14 |
Struck off companies |
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The company does not have any transaction with the struck off companies during the year for which provision for bad debts is made. |
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| 15 |
Related party transactions |
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At the year end, the company owed £670,365 to Vacmet India Ltd. |
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During the year, the company made purchases amounting to £2,564,842 from Vacmet India Ltd in the ordinary course of business and on normal commercial terms. |
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| 16 |
Controlling party |
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The company is a wholly owned subsidiary of Vacmet India Ltd a company registered in India. Vacmet India Limited prepares consolidated financial statements which can be obtained by writing to the registered office address of the company.The registered office of the parent company is Anant Plaza, IInd Floor, 4/117-2A, Civil Lines, Church Road, Agra-2 (India). |
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| 17 |
Other information |
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Vacmet Europe Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
Middlesex |
|
HA7 1JS |