Vantage (Commercial Services) Limited |
Registered Number:05441544 |
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2023
Vantage (Commercial Services) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Vantage (Commercial Services) Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,211
973
2
1,211
973
Trade and other receivables |
11,596
11,088
3
1,991
Cash and cash equivalents |
8,474
19,562
13,587
Trade and other payables: amounts falling due within one |
year |
(14,391)
(18,127)
4
(804)
1,435
Net current assets
Total assets less current liabilities |
2,646
169
(230)
-
Provisions for liabilities |
2,416
Net assets
169
100
100
2,316
69
2,416
169
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 20 February 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 May 2023
Vantage (Commercial Services) Limited
Notes to the Financial Statements
Statutory Information
Vantage (Commercial Services) Limited is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 05441544. |
1 Barnes Gardens
Barnes Lane
Dronfield Woodhouse
Derbyshire
S18 8WF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Furniture and Fittings
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover and the related costs. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transcation price. |
Any losses arising from impairment are recognised in the statement of comprehensive income within administrative |
expenses. |
Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the |
individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the |
assest cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds |
its recoverable amount, an impairment loss is recognised in the statement of comprehensive income. |
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For the year ended 31 May 2023
Vantage (Commercial Services) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
9,780
598
10,378
Provision for depreciation and impairment |
8,807
Charge for year
360
9,167
1,211
973
3. Trade and other receivables |
2022
2023
11,088
7,800
-
3,796
11,596
11,088
4. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
16,971
13,170
1,156
1,221
18,127
14,391
5. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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