Registered Number
:
06618493
|
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2017
Vex Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Vex Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
39,153
36,984
2
510
510
3
39,663
37,494
95,155
62,075
4
Trade and other receivables
|
79,267
112,607
5
147,773
Cash and cash equivalents
|
157,179
331,861
322,195
Trade and other payables
:
amounts falling due within one
|
year
|
(70,542)
(60,188)
6
251,653
271,673
Net current assets
Total assets less current liabilities
|
311,336
289,147
Trade and other payables
:
amounts falling due after more
|
than one year
|
(109,148)
(63,038)
7
(7,439)
(7,027)
Provisions for liabilities
|
240,859
Net assets
172,972
2,000
1,000
238,859
171,972
240,859
172,972
Shareholders' funds
For the year ended 31 December 2017 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 2017 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 applicable to companies subject to the small companies regime.
|
1 of 5
For the year ended 31 December 2017
Vex Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 20 September 2018 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 December 2017
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 2017
Vex Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
46,395
41,475
4,920
7,120
7,120
-
(300)
-
(300)
4,920
48,295
53,215
Provision for depreciation and impairment
|
9,411
5,996
3,415
Charge for year
4,651
4,146
505
14,062
10,142
3,920
1,000
38,153
39,153
1,505
35,479
36,984
3
.
Investments held as fixed assets
|
Shares in group and participating interests
|
510
510
510
510
510
510
510
510
2016
2017
62,075
95,155
4 of 5
For the year ended 31 December 2017
Vex Limited
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2016
2017
98,304
66,454
Taxation and social security
|
5,803
4,313
8,500
8,500
79,267
112,607
6
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
30,662
49,510
Taxation and social security
|
19,059
10,565
Accruals and deferred income
|
500
500
Obligations under HP
/
Financial leases
|
8,367
8,367
1,600
1,600
60,188
70,542
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
19,261
9,444
76,537
26,929
Directors
'
loan accounts
|
23,167
16,848
Obligations under HP
/
Financial leases
|
63,038
109,148
8
.
Related party transactions
|
Included within turnover are sales amounting to £
47
,
609
(
Year to December
16
:
£
45
,
165
)
and in Trade Creditors a
|
balance of £
20
,
916
(
2016
:
£
25
,
078
)
due to an associated company Holiday Homes Transport Ltd
,
which is controlled
|
by Mr B Hingeley
(
Director
).
Vex Ltd owns
51
%
of the ordinary share capital of the company
.
|
Included in Rent Received is £
4
,
800
(
2014
:
£
4
,
800
)
paid by Holiday Homes Transport Ltd for storage rent
.
|
5 of 5