Company Registration No. 08337309 (England and Wales)
VELCO TRANS LTD
Unaudited accounts
for the year ended 31 December 2025
VELCO TRANS LTD
Unaudited accounts
Contents
VELCO TRANS LTD
Company Information
for the year ended 31 December 2025
Company Number
08337309 (England and Wales)
Registered Office
172 BENSON CLOSE
LUTON
LU3 3QR
ENGLAND
Accountants
Tahas Kimti Ltd
5 Ruislip Road
Greenford
UB6 9QD
VELCO TRANS LTD
Statement of financial position
as at 31 December 2025
Tangible assets
289,937
297,448
Cash at bank and in hand
82,011
192,557
Creditors: amounts falling due within one year
(121,142)
(227,753)
Net current assets
72,671
98,944
Net assets
362,608
396,392
Called up share capital
100
100
Profit and loss account
362,508
396,292
Shareholders' funds
362,608
396,392
For the 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. 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 9 September 2026 and were signed on its behalf by
Costel Velicu
Director
Company Registration No. 08337309
VELCO TRANS LTD
Notes to the Accounts
for the year ended 31 December 2025
VELCO TRANS LTD is a private company, limited by shares, registered in England and Wales, registration number 08337309. The registered office is 172 BENSON CLOSE, LUTON, LU3 3QR, ENGLAND.
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.
The accounts are presented in £ sterling.
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
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
VELCO TRANS LTD
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
113,565
429,898
12,602
556,065
Additions
19,102
44,833
18,960
82,895
Disposals
-
(142,815)
-
(142,815)
At 31 December 2025
132,667
331,916
31,562
496,145
At 1 January 2025
-
250,145
8,472
258,617
Charge for the year
-
33,501
4,618
38,119
On disposals
-
(90,528)
-
(90,528)
At 31 December 2025
-
193,118
13,090
206,208
At 31 December 2025
132,667
138,798
18,472
289,937
At 31 December 2024
113,565
179,753
4,130
297,448
Amounts falling due within one year
Trade debtors
58,802
81,140
Other debtors
53,000
53,000
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
23,042
26,100
Trade creditors
12,079
1,152
Taxes and social security
36,163
89,233
Other creditors
48,058
109,468
7
Average number of employees
During the year the average number of employees was 8 (2024: 6).