0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 9,000 9,000 9,000 xbrli:pure xbrli:shares iso4217:GBP 08971887 2022-04-01 2023-03-31 08971887 2023-03-31 08971887 2022-03-31 08971887 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08971887 bus:Director1 2022-04-01 2023-03-31 08971887 bus:Director2 2022-04-01 2023-03-31 08971887 core:WithinOneYear 2023-03-31 08971887 core:WithinOneYear 2022-03-31 08971887 core:ShareCapital 2023-03-31 08971887 core:ShareCapital 2022-03-31 08971887 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 08971887 core:Non-currentFinancialInstruments 2023-03-31 08971887 core:Non-currentFinancialInstruments 2022-03-31 08971887 bus:SmallEntities 2022-04-01 2023-03-31 08971887 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08971887 bus:FullAccounts 2022-04-01 2023-03-31 08971887 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08971887 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08971887 bus:OrdinaryShareClass1 2023-03-31 08971887 bus:OrdinaryShareClass1 2022-03-31
COMPANY REGISTRATION NUMBER: 08971887
VANTAGE DRIVE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
VANTAGE DRIVE LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
VANTAGE DRIVE LIMITED
BALANCE SHEET
31 March 2023
2023
2022
Note
£
£
Fixed assets
Investments
5
9,000
9,000
Current assets
Debtors
6
32
32
Creditors: amounts falling due within one year
7
( 32)
( 32)
------------
------------
Total assets less current liabilities
9,000
9,000
------------
------------
Capital and reserves
Called up share capital
8
9,000
9,000
------------
------------
Shareholders funds
9,000
9,000
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 November 2023 , and are signed on behalf of the board by:
M T Jones
R M Wilson
Director
Director
Company registration number: 08971887
VANTAGE DRIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, company registration number 08971887 , registered in England and Wales. The address of the registered office is Airstream Works, Blackmoorfoot Road, Crosland Hill, Huddersfield, HD4 7AA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Average number of employees
The average number of employees, being the Directors,at 31 March 2022 is 2 (2021 : 2).
4. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £. Consolidation The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
9,000
------------
Impairment
At 1 April 2022 and 31 March 2023
------------
Carrying amount
At 31 March 2023
9,000
------------
At 31 March 2022
9,000
------------
6. Debtors
2023
2022
£
£
Amounts owed by group undertakings
32
32
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
32
32
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
9,000
9,000
9,000
9,000
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------------
------------
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