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REGISTERED NUMBER: 13872962 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

VAULT DATA LTD

VAULT DATA LTD (REGISTERED NUMBER: 13872962)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


VAULT DATA LTD (REGISTERED NUMBER: 13872962)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,637 2,407

CURRENT ASSETS
Debtors 5 342,598 93,015
Cash at bank 16,354 -
358,952 93,015
CREDITORS
Amounts falling due within one year 6 891,513 232,972
NET CURRENT LIABILITIES (532,561 ) (139,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(520,924

)

(137,550

)

CAPITAL AND RESERVES
Called up share capital 381 282
Share premium 374,768 49,969
Retained earnings (896,073 ) (187,801 )
SHAREHOLDERS' FUNDS (520,924 ) (137,550 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Mr J Hobday - Director


VAULT DATA LTD (REGISTERED NUMBER: 13872962)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Vault Data Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13872962

Registered office: 7 Marconi Gate
Stafford
ST18 0FZ

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.

The financial statements have been prepared on a going concern basis; the start-up company is engaging in a project which the directors believe could bring a new product to the market. The project has the backing of the directors and investors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred. Research and development expenditure is shown separately on the profit and loss account with the exception of salaries directly attributable to research and development, which continues to be shown under salaries.

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.

VAULT DATA LTD (REGISTERED NUMBER: 13872962)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 3,210
Additions 13,110
At 31 December 2023 16,320
DEPRECIATION
At 1 January 2023 803
Charge for year 3,880
At 31 December 2023 4,683
NET BOOK VALUE
At 31 December 2023 11,637
At 31 December 2022 2,407

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 12,803
Other debtors 342,598 80,212
342,598 93,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 105,061 11,712
Trade creditors 128,109 125,569
Taxation and social security 218,512 -
Other creditors 439,831 95,691
891,513 232,972

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 100,000 -

Lender, Rocking Horse Solutions UK Limited, have full title guarantee and as security for the loan, a first floating charge over all the assets, past and present,