Registered Number
:
06618493
|
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2016
Vex Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Vex Limited
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
36,984
41,647
2
510
510
3
37,494
42,157
145,075
95,155
Trade and other receivables
|
77,494
79,267
4
79,662
Cash and cash equivalents
|
147,773
322,195
302,231
Trade and other payables
:
amounts falling due within one
|
year
|
(53,260)
(70,542)
5
248,971
251,653
Net current assets
Total assets less current liabilities
|
289,147
291,128
Trade and other payables
:
amounts falling due after more
|
than one year
|
(148,227)
(109,148)
6
(7,027)
(8,330)
Provisions for liabilities
|
172,972
Net assets
134,571
1,000
1,000
171,972
133,571
172,972
134,571
Shareholders' funds
For the year ended 31 December 2016 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 of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
|
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
|
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating to financial
|
statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
1 of 5
For the year ended 31 December 2016
Vex Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 22 September 2017 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 December 2016
Vex Limited
Notes to the Financial Statements
Statutory Information
Vex Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
06618493
.
|
Kingsway
St. Asaph Avenue
Kinmel Bay
Rhyl
LL18 5HB
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
3 of 5
For the year ended 31 December 2016
Vex Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
46,395
41,475
4,920
4,920
41,475
46,395
Provision for depreciation and impairment
|
4,748
1,848
2,900
Charge for year
4,663
4,148
515
9,411
5,996
3,415
1,505
35,479
36,984
2,020
39,627
41,647
3
.
Investments held as fixed assets
|
Shares in group and participating interests
|
510
510
510
510
510
510
510
510
4
.
Trade and other receivables
|
2015
2016
66,454
49,021
Prepayments and accrued income
|
-
8,250
Taxation and social security
|
4,313
11,723
8,500
8,500
77,494
79,267
4 of 5
For the year ended 31 December 2016
Vex Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
49,510
40,426
Taxation and social security
|
10,565
6,897
Accruals and deferred income
|
500
2,000
Obligations under HP
/
Financial leases
|
8,367
2,337
1,600
1,600
70,542
53,260
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2015
2016
9,444
17,010
96,527
76,537
Directors
'
current accounts
|
34,690
23,167
Obligations under HP
/
Financial leases
|
109,148
148,227
7
.
Related party transactions
|
Included within transport costs are £
45
,
165
(
2015
:
£
42
,
426
)
of payments made to Holiday Homes Transport Ltd
,
a
|
company in which Vex Limited owns
51
%
of the issued share capital
.
Storage rental income of £
4
,
800
(
2015
:
|
£
4
,
800
)
was received from Holiday Homes Transport Ltd during the period
.
|
Mr B Hingeley
,
the director
,
controls the company by virtue of a
100
%
controlling interest of the issued ordinary
|
share capital
.
|
5 of 5