2 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 5,038 4,155 223 4,378 660 883 xbrli:pure xbrli:shares iso4217:GBP 03475423 2023-01-01 2023-12-31 03475423 2023-12-31 03475423 2022-12-31 03475423 2022-01-01 2022-12-31 03475423 2022-12-31 03475423 core:FurnitureFittings 2023-01-01 2023-12-31 03475423 bus:Director1 2023-01-01 2023-12-31 03475423 core:FurnitureFittings 2022-12-31 03475423 core:FurnitureFittings 2023-12-31 03475423 core:WithinOneYear 2023-12-31 03475423 core:WithinOneYear 2022-12-31 03475423 core:ShareCapital 2023-12-31 03475423 core:ShareCapital 2022-12-31 03475423 core:RetainedEarningsAccumulatedLosses 2023-12-31 03475423 core:RetainedEarningsAccumulatedLosses 2022-12-31 03475423 core:FurnitureFittings 2022-12-31 03475423 bus:SmallEntities 2023-01-01 2023-12-31 03475423 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03475423 bus:FullAccounts 2023-01-01 2023-12-31 03475423 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03475423 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 03475423
Vector Consulting Limited
Filleted Unaudited Financial Statements
31 December 2023
Vector Consulting Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Vector Consulting Limited
Balance Sheet
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
660
883
Current assets
Debtors
6
1,739
165
Cash at bank and in hand
102,569
132,748
---------
---------
104,308
132,913
Creditors: amounts falling due within one year
7
( 3,613)
( 9,161)
---------
---------
Net current assets
100,695
123,752
---------
---------
Total assets less current liabilities
101,355
124,635
Provisions
Taxation including deferred tax
( 125)
( 168)
---------
---------
Net assets
101,230
124,467
---------
---------
Vector Consulting Limited
Balance Sheet (continued)
31 December 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
101,228
124,465
---------
---------
Shareholders funds
101,230
124,467
---------
---------
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 December 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 28 March 2024 , and are signed on behalf of the board by:
Mr N Brabant
Director
Company registration number: 03475423
Vector Consulting Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
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. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 January 2023 and 31 December 2023
5,038
-------
Depreciation
At 1 January 2023
4,155
Charge for the year
223
-------
At 31 December 2023
4,378
-------
Carrying amount
At 31 December 2023
660
-------
At 31 December 2022
883
-------
6. Debtors
2023
2022
£
£
Other debtors
1,739
165
-------
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,547
Social security and other taxes
91
2,243
Other creditors
3,522
5,371
-------
-------
3,613
9,161
-------
-------
8. Directors' advances, credits and guarantees
The directors had an interest-free loan during the year. The loan is repayable on demand. At the start of the year the company owed them £691, and at the end of the year the company owed them £966.