Company Registration No. 06789026 (England and Wales)
VECTORNATE UK LIMITED
Unaudited accounts
for the year ended 31 December 2022
VECTORNATE UK LIMITED
Unaudited accounts
Contents
VECTORNATE UK LIMITED
Company Information
for the year ended 31 December 2022
Director
Mr SEAN TAESUN YEOM
Company Number
06789026 (England and Wales)
Registered Office
69 Station Road
Hampton
Greater London
TW12 2BT
England
Accountants
FURUICHOI & CO
Chartered Accountants
69 Station Road
Hampton
Greater London
TW12 2BT
VECTORNATE UK LIMITED
Statement of financial position
as at 31 December 2022
Inventories
42,584
326,052
Cash at bank and in hand
205,451
330,616
Creditors: amounts falling due within one year
(402,229)
(352,886)
Net current assets
815,710
946,200
Total assets less current liabilities
818,022
948,512
Creditors: amounts falling due after more than one year
(571,825)
(677,215)
Net assets
246,197
271,297
Called up share capital
20,000
20,000
Profit and loss account
226,197
251,297
Shareholders' funds
246,197
271,297
For the year ending 31 December 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2023 and were signed on its behalf by
Mr SEAN TAESUN YEOM
Director
Company Registration No. 06789026
VECTORNATE UK LIMITED
Notes to the Accounts
for the year ended 31 December 2022
VECTORNATE UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06789026. The registered office is 69 Station Road, Hampton, Greater London , TW12 2BT, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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Investments
Subsidiary undertakings
Valuation at 1 January 2022
2,312
Valuation at 31 December 2022
2,312
VECTORNATE UK LIMITED
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
284,759
79,074
Accrued income and prepayments
274,217
283,383
Other debtors
410,852
233,696
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
63,518
131,427
Taxes and social security
17,569
18,840
Proposed dividends
100,000
-
Loans from directors
46,844
146,844
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Creditors: amounts falling due after more than one year
2022
2021
Other creditors
536,984
632,728
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Average number of employees
During the year the average number of employees was 1 (2021: 2).