VAR Technology Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14400797

		31 January 2026		31 October 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		164,993		245,890

			164,993		245,890
CURRENT ASSETS
Stocks	5	-		10,000
Debtors	6	75		75,885
Cash at bank and in hand		29,886		61,092

		29,961		146,977
Creditors: Amounts Falling Due Within One Year	7	(46,923 )		(29,018 )

NET CURRENT ASSETS (LIABILITIES)			(16,962 )		117,959

TOTAL ASSETS LESS CURRENT LIABILITIES			148,031		363,849

Creditors: Amounts Falling Due After More Than One Year	8		(206,780 )		(284,433 )

NET (LIABILITIES)/ASSETS			(58,749 )		79,416

CAPITAL AND RESERVES
Called up share capital	10		201		201
Profit and Loss Account			(58,950 )		79,215

SHAREHOLDERS' FUNDS			(58,749)		79,416

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VAR Technology Limited

Balance Sheet (continued)

As At 31 January 2026

For the period 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Shaun Baston

Director

14/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

VAR Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14400797 . The registered office is Unit 9 & 10 Ventex House, Willowburn Ind Est, Alnwick, Northumberland, NE66 2PF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% S/L
Motor Vehicles	20% S/L
Fixtures & Fittings	20% S/L

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 6 (2024: 6)

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VAR Technology Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 31 January 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 November 2024	277,473	29,495	12,000	318,968
Additions	2,790	25,600	-	28,390
Disposals	-	(29,495 )	-	(29,495 )

As at 31 January 2026	280,263	25,600	12,000	317,863

Depreciation
As at 1 November 2024	73,078	-	-	73,078
Provided during the period	69,841	15,046	4,400	89,287
Disposals	-	(9,495 )	-	(9,495 )

As at 31 January 2026	142,919	5,551	4,400	152,870

Net Book Value
As at 31 January 2026	137,344	20,049	7,600	164,993

As at 1 November 2024	204,395	29,495	12,000	245,890

5. Stocks

	31 January 2026	31 October 2024
	£	£
Stock	-	10,000

6. Debtors

	31 January 2026	31 October 2024
	£	£
Due within one year
Trade debtors	-	55,640
Other debtors	75	20,245

	75	75,885

7. Creditors: Amounts Falling Due Within One Year

	31 January 2026	31 October 2024
	£	£
Net obligations under finance lease and hire purchase contracts	45,061	-
Trade creditors	1,001	5,837
Other creditors	861	5,650
Taxation and social security	-	17,531

	46,923	29,018

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VAR Technology Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 31 January 2026

8. Creditors: Amounts Falling Due After More Than One Year

	31 January 2026	31 October 2024
	£	£
Net obligations under finance lease and hire purchase contracts	123,093	214,422
Other loans	83,687	70,011

	206,780	284,433

9. Obligations Under Finance Leases and Hire Purchase

	31 January 2026	31 October 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	45,061	-
Later than one year and not later than five years	123,093	214,422

	168,154	214,422

	168,154	214,422

10. Share Capital

	31 January 2026	31 October 2024
	£	£
Allotted, Called up and fully paid	201	201

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