Company Registration No. 10228062 (England and Wales)
Vector Rope Access UK Limited
Unaudited accounts
for the year ended 30 June 2023
Vector Rope Access UK Limited
Unaudited accounts
Contents
Vector Rope Access UK Limited
Company Information
for the year ended 30 June 2023
Directors
Jonathan Hunt
Waldo James Beyard Etherington
Company Number
10228062 (England and Wales)
Registered Office
UNIT 8
TRELOGGAN TRADE PARK
NEWQUAY
TR7 2QL
ENGLAND
Accountants
Chynance Accountancy Services Ltd
2 King Mark House
Stret Constantine
Newquay
Cornwall
TR7 1GF
Vector Rope Access UK Limited
Statement of financial position
as at 30 June 2023
Tangible assets
43,311
33,013
Cash at bank and in hand
29,228
25,350
Creditors: amounts falling due within one year
(123,538)
(87,696)
Net current assets
144,934
75,516
Total assets less current liabilities
188,245
108,529
Creditors: amounts falling due after more than one year
(64,078)
(38,254)
Called up share capital
10
10
Profit and loss account
124,157
70,265
Shareholders' funds
124,167
70,275
For the year ending 30 June 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
Jonathan Hunt
Director
Company Registration No. 10228062
Vector Rope Access UK Limited
Notes to the Accounts
for the year ended 30 June 2023
Vector Rope Access UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10228062. The registered office is UNIT 8, TRELOGGAN TRADE PARK, NEWQUAY, TR7 2QL, ENGLAND.
2
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
36,972
46,834
2,046
85,852
Additions
4,300
35,232
-
39,532
Disposals
-
(20,495)
-
(20,495)
At 30 June 2023
41,272
61,571
2,046
104,889
At 1 July 2022
25,931
25,786
1,122
52,839
Charge for the year
3,835
10,371
231
14,437
On disposals
-
(5,698)
-
(5,698)
At 30 June 2023
29,766
30,459
1,353
61,578
At 30 June 2023
11,506
31,112
693
43,311
At 30 June 2022
11,041
21,048
924
33,013
Vector Rope Access UK Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
225,189
110,809
Amounts falling due after more than one year
Accrued income and prepayments
11,755
8,631
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,403
5,403
Obligations under finance leases and hire purchase contracts
8,385
-
Trade creditors
85,901
26,829
Taxes and social security
17,760
12,703
Loans from directors
(3,371)
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
32,206
-
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).