VAR Services Limited Filleted accounts for Companies House (small and micro)

STATEMENT OF CONSENT TO PREPARE FINANCIAL STATEMENTS

All of the members of VAR Services Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 06313384

VAR SERVICES LIMITED

FILLETED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

VAR SERVICES LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

YEAR ENDED 31 DECEMBER 2025

The directors are responsible for preparing the directors' report and the Financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare Financial statements for each financial year. Under that law the directors have elected to prepare the Financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the Financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these Financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the Financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the Financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

VAR SERVICES LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		34,542		48,867

Current assets

Stocks	4,261	27,554
Debtors	586,414	325,543
Cash at bank and in hand	495,242	452,700
	--------------	------------
	1,085,917	805,797

Creditors: amounts falling due within one year	889,522		652,592
	--------------		------------
Net current assets		196,395		153,205
		------------		------------
Total assets less current liabilities		230,937		202,072

Provisions

Taxation including deferred tax	8,636	–
	------------	------------
Net assets	222,301	202,072
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	222,201	201,972
	------------	------------
Shareholders funds	222,301	202,072
	------------	------------

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 abridged statement of income and retained earnings has not been delivered.

VAR SERVICES LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These Financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

M S Slack

Director

Company registration number: 06313384

VAR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 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 Nunn Brook Road, Huthwaite, Sutton-in-Ashfield, Nottinghamshire, NG17 2HU.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No critical accounting judgments or key sources of estimation uncertainty were present during the financial year which require additional disclosure.

Revenue recognition

The Turnover shown in the profit and loss account represents the realisable value of goods and services rendered during the year, net of discounts and exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

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.

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:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 5 (2024: 7 ).

5. Tangible assets

	£
Cost
At 1 January 2025	90,816
Additions	2,666
	------------
At 31 December 2025	93,482
	------------
Depreciation
At 1 January 2025	41,949
Charge for the year	16,991
	------------
At 31 December 2025	58,940
	------------
Carrying amount
At 31 December 2025	34,542
	------------
At 31 December 2024	48,867
	------------

6. Contingencies

The group bank borrowing facility is secured by fixed and floating debenture charges against the company's assets and against the freehold property owned by A.F. Switchgear (Holdings) Limited. There is an unlimited composite company guarantee in place between A.F. Switchgear (Holdings) Limited, A F Switchgear Limited, A F Fabrications Limited, Preedcrete Limited and VAR Services Limited in favour of HSBC Bank Plc.

7. Summary audit opinion

The auditor's report dated 26 August 2026 was unqualified .

The senior statutory auditor was K S Chambers , for and on behalf of Langard Lifford Hall Limited .

8. Related party transactions

There were no related party transactions during the year that require disclosure.

9. Controlling party

The company's parent company at the balance sheet date, and the only company to prepare consolidated financial statements in the group, was A.F. Switchgear (Holdings) Limited , a company registered in England and Wales whose registered office is located on Nunn Brook Road, Sutton-in-Ashfield, Nottinghamshire, NG17 2HU. Group consolidated financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.