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REGISTERED NUMBER: 04368574 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

VECTION TECHNOLOGY LIMITED

VECTION TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368574)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VECTION TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mr D J Mcdermott
Mr J G Blumfield





SECRETARY: Mr J G Blumfield





REGISTERED OFFICE: Mercury House
19/21 Chapel Street
Marlow
Bucks
SL7 3HN





REGISTERED NUMBER: 04368574 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

VECTION TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368574)

BALANCE SHEET
30TH JUNE 2023

30.6.23 30.6.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,899 5,725

CURRENT ASSETS
Debtors 5 108,594 147,066
Cash at bank 623,128 682,407
731,722 829,473
CREDITORS
Amounts falling due within one year 6 342,657 428,301
NET CURRENT ASSETS 389,065 401,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,964

406,897

CAPITAL AND RESERVES
Called up share capital 206 206
Retained earnings 390,758 406,691
SHAREHOLDERS' FUNDS 390,964 406,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 26th February 2024 and were signed on its behalf by:




Mr J G Blumfield - Director



Mr D J Mcdermott - Director


VECTION TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Vection Technology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1st July 2022 27,549
Additions 510
Disposals (9,382 )
At 30th June 2023 18,677
DEPRECIATION
At 1st July 2022 21,824
Charge for year 3,920
Eliminated on disposal (8,966 )
At 30th June 2023 16,778
NET BOOK VALUE
At 30th June 2023 1,899
At 30th June 2022 5,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Trade debtors 97,683 122,559
Social security and other tax - 240
Prepayments and accrued income 10,911 24,267
108,594 147,066

VECTION TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Trade creditors 225 33,258
Tax 73,142 87,905
Social security and other taxes 1,398 -
VAT 18,564 26,628
Accruals & deferred income 249,328 280,510
342,657 428,301