Vandezande-Crump Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11579763 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Vandezande-Crump Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

D Crump

M Vandezande

REGISTERED OFFICE:

33 Windsor End

Beaconsfield

Buckinghamshire

HP9 2JN

REGISTERED NUMBER:

11579763 (England and Wales)

ACCOUNTANTS:

Ascendant Partners Limited

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vandezande-Crump Limited for the year ended 31 December 2021 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Vandezande-Crump Limited, as a body, in accordance with the terms of our engagement letter dated 26 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Vandezande-Crump Limited and state those matters that we have agreed to state to the Board of Directors of Vandezande-Crump Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vandezande-Crump Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Vandezande-Crump Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vandezande-Crump Limited. You consider that Vandezande-Crump Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vandezande-Crump Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ascendant Partners Limited

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

30 June 2022

FIXED ASSETS

Property, plant and equipment

4

148,415

139,554

148,415

139,554

CURRENT ASSETS

Inventories

7,444

17,432

Debtors

5

88,521

93,209

Cash at bank and in hand

362,355

270,331

458,320

380,972

CREDITORS

Amounts falling due within one year

6

199,793

112,395

NET CURRENT ASSETS

258,527

268,577

TOTAL ASSETS LESS CURRENT LIABILITIES

406,942

408,131

CREDITORS

Amounts falling due after more than one year

7

334,170

343,334

NET ASSETS

72,772

64,797

CAPITAL AND RESERVES

Called up share capital

58,333

58,333

Share premium

239,165

239,165

Retained earnings

(224,726

)

(232,701

)

72,772

64,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2022 and were signed on its behalf by:

D Crump - Director

M Vandezande - Director

1.	STATUTORY INFORMATION

Vandezande-Crump Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going concern

The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed in particular the impact of the COVID-19 pandemic and have concluded that it remains appropriate to prepare these financial statements on a going concern basis. During the COVID-19 pandemic the directors have taken advantage of the Coronavirus Job Retention Scheme which was a government support package available to the company. In addition to this, the directors have received rates grants, a 'bounce back' business loan, and taken advantage of a VAT payment deferral.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point at which goods and services are delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Leasehold property & improvements

-

over the period of the lease

Fixtures and fittings

-

25% per annum on reducing balance

Computer equipment

-

20% per annum on cost

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2020 - 15 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Leasehold

Fixtures

property

and

Computer

& improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2021

57,012

106,624

4,532

168,168

Additions

-

38,349

699

39,048

At 31 December 2021

57,012

144,973

5,231

207,216

DEPRECIATION

At 1 January 2021

3,431

24,201

982

28,614

Charge for year

3,167

26,032

988

30,187

At 31 December 2021

6,598

50,233

1,970

58,801

NET BOOK VALUE

At 31 December 2021

50,414

94,740

3,261

148,415

At 31 December 2020

53,581

82,423

3,550

139,554

5.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Other debtors

302

302

Deferred tax asset

51,830

52,969

Prepayments

18,089

21,638

70,221

74,909

Amounts falling due after more than one year:

Other debtors

18,300

18,300

Aggregate amounts

88,521

93,209

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

10,000

4,167

Other loans

29,376

20,134

Trade creditors

42,042

20,324

Social security and other taxes

48,082

28,695

Other creditors

65,650

36,320

Directors' current accounts

440

43

Accruals and deferred income

4,203

2,712

199,793

112,395

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

10,000

-

Bank loans - 2-5 years

26,670

39,167

Bank loans more 5 yr by instal

-

6,667

Other loans - 1-2 years

297,500

297,500

334,170

343,334

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

6,667

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021

2020

£

£

Within one year

30,500

61,000

Between one and five years

315,000

345,500

In more than five years

665,000

735,000

1,010,500

1,141,500

The directors have provided a guarantee for the company's lease commitments.

9.	ULTIMATE CONTROLLING PARTY

The directors control the company.