Company Registration No. 11776201 (England and Wales)
Vasi Groundworks Ltd
Unaudited accounts
for the year ended 31 January 2026
Vasi Groundworks Ltd
Unaudited accounts
Contents
Vasi Groundworks Ltd
Company Information
for the year ended 31 January 2026
Company Number
11776201 (England and Wales)
Registered Office
33 BRANGWYN GROVE
BRISTOL
BS7 9UF
UNITED KINGDOM
Accountants
Aprotax Limited
14 Fogarty Park Road
Bristol
BS15 8FR
Vasi Groundworks Ltd
Statement of financial position
as at 31 January 2026
Tangible assets
84,697
282,058
Cash at bank and in hand
24,008
25,561
Creditors: amounts falling due within one year
(74,541)
(24,432)
Net current assets
218,534
41,867
Total assets less current liabilities
303,231
323,925
Creditors: amounts falling due after more than one year
(37,479)
(64,792)
Net assets
265,752
259,133
Called up share capital
1
1
Profit and loss account
265,751
259,132
Shareholders' funds
265,752
259,133
For the year ending 31 January 2026 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 28 September 2026 and were signed on its behalf by
Vasile Ivasco
Director
Company Registration No. 11776201
Vasi Groundworks Ltd
Notes to the Accounts
for the year ended 31 January 2026
Vasi Groundworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 11776201. The registered office is 33 BRANGWYN GROVE, BRISTOL, BS7 9UF, 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. The director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future, and the accounts have therefore been prepared on a going concern basis.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. No depreciation is charged in the year of acquisition. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years straight line
Motor vehicles
4 years straight line
Turnover represents amounts receivable for groundworks services provided, net of VAT. Revenue is recognised as the work is performed.
Assets held under hire purchase contracts are capitalised and depreciated over their useful lives. The capital element of future instalments is shown as a liability. Interest is charged to profit and loss over the term of the contract.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Current tax is provided at amounts expected to be paid using the tax rates and laws enacted at the reporting date.
Vasi Groundworks Ltd
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2025
266,756
111,261
378,017
Disposals
(282,273)
(23,000)
(305,273)
At 31 January 2026
38,376
88,261
126,637
At 1 February 2025
58,222
37,737
95,959
Charge for the year
12,315
16,938
29,253
On disposals
(70,537)
(12,735)
(83,272)
At 31 January 2026
-
41,940
41,940
At 31 January 2026
38,376
46,321
84,697
At 31 January 2025
208,534
73,524
282,058
Amounts falling due within one year
Trade debtors
22,926
29,998
Other debtors
245,142
8,155
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
1,342
-
Trade creditors
6,351
1,749
Taxes and social security
27,366
(17,805)
Loans from directors
244
-
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
-
58,125
Hire purchase liabilities of £37,479 (2025: £58,125) are secured on the assets concerned.
Vasi Groundworks Ltd
Notes to the Accounts
for the year ended 31 January 2026
8
Transactions with related parties
Vasi Plant Hire Ltd is under the common control of the director. On 1 May 2025 the company sold plant and machinery to Vasi Plant Hire Ltd for £210,600. At 31 January 2026 Vasi Plant Hire Ltd owed the company £234,051 (2025: £50). The balance is unsecured, interest free and repayable on demand.
9
Post balance sheet events
After the year end the company obtained gross payment status under the Construction Industry Scheme.
10
Average number of employees
During the year the average number of employees was 2 (2025: 2).