Velocity Engineering Limited in Hertfordshire, WD17 3BY

Description

Data updated on: 01-11-2023

Velocity Engineering Limited may be reached at 63 Woodland Drive, Watford in Hertfordshire. The zip code is WD17 3BY. Velocity Engineering has been in this business for the last twenty seven years. The registered no. is 03468505. This enterprise's declared SIC number is 82990 - Other business support service activities not elsewhere classified. Velocity Engineering Ltd released its latest accounts for the financial year up to 2023-01-31. Its most recent annual confirmation statement was released on 2022-11-02.

As stated, the company was formed in November 1997 and has been run by three directors, and out this collection of individuals two (Wendy P. and Mogens H.) are still listed as current directors. To find professional help with legal documentation, this company has been utilizing the skills of Wendy P. as a secretary since January 1998.

Mogens H. is the individual who has control over this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-01-31	2013-01-31	2014-01-31	2015-01-31	2016-01-31	2017-01-31	2018-01-31	2019-01-31	2020-01-31	2021-01-31	2022-01-31	2023-01-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	-117 848	-135 073	-149 760	-147 096	-173 271

Balance Sheet
Cash Bank On Hand					174	1 052
Current Assets	4 391	2	51	88 938	174	1 052	255	85	25	15
Net Assets Liabilities					-173 274	-191 545	-138 726	-146 337	-152 233	47 279	37 811	30 252
Property Plant Equipment					80 043	72 039
Cash Bank In Hand	4 388	2	51
Debtors	3
Net Assets Liabilities Including Pension Asset Liability	-117 848	-135 073	-149 760	-157 059	-173 271
Tangible Fixed Assets	105 783	98 820	88 938	88 937	80 042

Capital & Reserves
Called Up Share Capital	3	3	3	3	3
Profit Loss Account Reserve	-117 851	-135 076	-149 763	-157 062	-173 274
Shareholder Funds	-117 848	-135 073	-149 760	-147 096	-173 271

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment					143 391	151 395
Called Up Share Capital Not Paid Not Expressed As Current Asset				3	3						3	3
Creditors					47 585	53 876	3 231	2 188	2 189
Depreciation Amortisation Impairment Expense							7 204	6 484	5 835		9 453	7 562
Fixed Assets	105 783	98 819	88 938	88 937	80 042	72 039	64 835	58 351	52 516	47 279	37 811	30 249
Increase From Depreciation Charge For Year Property Plant Equipment						8 004
Net Current Assets Liabilities	-23 046	-33 307	-38 113	-45 414	-52 731	-9 123	-2 976	-2 103	-2 164	15
Profit Loss							-17 389	-15 255	-5 865		-9 453	-7 562
Property Plant Equipment Gross Cost					223 434	223 434
Provisions For Liabilities Balance Sheet Subtotal					5 321	10 175
Raw Materials Consumables Used							12 794	8 771	30
Total Assets Less Current Liabilities	82 737	65 512	50 825	53 489	27 314	19 215	61 859	56 248	50 352	47 279	37 811	30 252
Turnover Revenue							2 609
Creditors Due After One Year	200 585	200 585	200 585	200 585	200 585
Creditors Due Within One Year	27 437	33 310	38 164	45 414	52 731
Number Shares Allotted	3	3	3
Par Value Share	1	1	1
Secured Debts				200 585	200 585
Tangible Fixed Assets Cost Or Valuation	219 426	223 434	223 443	223 434	223 434
Tangible Fixed Assets Depreciation	113 643	124 615	134 505	134 497	143 392
Tangible Fixed Assets Depreciation Charged In Period		10 972	9 882		8 895
Share Capital Allotted Called Up Paid	3	3	3
Tangible Fixed Assets Additions		4 008
Trade Creditors Within One Year		33 310	38 164