Company registration number SC677123 (Scotland)
VAXOL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
VAXOL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
VAXOL LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
622,358
363,727
Cash at bank and in hand
343,780
328,904
966,138
692,631
Creditors: amounts falling due within one year
4
(848,087)
(308,004)
Net current assets
118,051
384,627
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
118,050
384,626
Total equity
118,051
384,627

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 March 2024 and are signed on its behalf by:
Mr M N Forbes
Mr J Bloom
Director
Director
Company Registration No. SC677123
VAXOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Vaxol Limited is a private company limited by shares incorporated in Scotland. The registered office is Block 6 West Of Scotland Science Park, Kelvin Campus, Maryhill Road, Glasgow, United Kingdom, G20 0SP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

VAXOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
476,832
299,979
Other debtors
145,526
63,748
622,358
363,727
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
415,942
196,444
Taxation and social security
215,345
90,221
Other creditors
216,800
21,339
848,087
308,004
5
Related party transactions
2023
2022
Amounts due to related parties
£
£
Other related parties
-
17,517
2023-12-312023-01-01false14 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr M N ForbesMr J BloomfalseSC6771232023-01-012023-12-31SC6771232023-12-31SC6771232022-12-31SC677123core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-31SC677123core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-31SC677123core:CurrentFinancialInstruments2023-12-31SC677123core:CurrentFinancialInstruments2022-12-31SC677123core:ShareCapital2023-12-31SC677123core:ShareCapital2022-12-31SC677123core:RetainedEarningsAccumulatedLosses2023-12-31SC677123core:RetainedEarningsAccumulatedLosses2022-12-31SC677123bus:Director12023-01-012023-12-31SC677123bus:Director22023-01-012023-12-31SC6771232022-01-012022-12-31SC677123core:WithinOneYear2023-12-31SC677123core:WithinOneYear2022-12-31SC677123core:OtherRelatedParties2022-12-31SC677123bus:PrivateLimitedCompanyLtd2023-01-012023-12-31SC677123bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC677123bus:FRS1022023-01-012023-12-31SC677123bus:AuditExemptWithAccountantsReport2023-01-012023-12-31SC677123bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP