Notes to the Financial Statements
For the year ended 31 October 2023
Vectair Limited (the "Company") is a UK registered private company limited by shares which has a registered office at Unit 3 Armstrong Road, Basingstoke, Hampshire, RG24 8NU. The Company's registered number is 03605207.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling (£).
The following principal accounting policies have been applied:
Short-term debtors are measured at transaction price, less any impairment.
Ordinary shares are classified as equity. Incremental cost directly attributable to the issue of ordinary
shares and share options are recognised as a deduction from equity, net of any tax effects.
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The average monthly number of employees, including directors, during the year was 4 (2022 - 4).
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Called up share capital not paid
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Allotted, called up and fully paid
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100 (2022: 100) Ordinary shares of £1.00 each
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Post balance sheet events
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There were no significant events since the end of the financial year.
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