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REGISTERED NUMBER: 12250566 (England and Wales)














Financial Statements for the Year Ended 31 October 2023

for

VT Global System Limited

VT Global System Limited (Registered number: 12250566)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

VT Global System Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Miss V M Tohatan





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 12250566 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

VT Global System Limited (Registered number: 12250566)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 8,560 7,565

CURRENT ASSETS
Debtors 5 68,000 46,523
Cash at bank and in hand 56,868 9,086
124,868 55,609
CREDITORS
Amounts falling due within one year 6 53,559 11,600
NET CURRENT ASSETS 71,309 44,009
TOTAL ASSETS LESS CURRENT LIABILITIES 79,869 51,574

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,769 51,474
SHAREHOLDERS' FUNDS 79,869 51,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

VT Global System Limited (Registered number: 12250566)

Statement of Financial Position - continued
31 October 2023


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 director and authorised for issue on 31 July 2024 and were signed by:





Miss V M Tohatan - Director


VT Global System Limited (Registered number: 12250566)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

VT Global System 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
Revenue 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 - 25% on reducing balance

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 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 November 2022 14,604
Additions 3,848
At 31 October 2023 18,452
DEPRECIATION
At 1 November 2022 7,039
Charge for year 2,853
At 31 October 2023 9,892
NET BOOK VALUE
At 31 October 2023 8,560
At 31 October 2022 7,565

VT Global System Limited (Registered number: 12250566)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 68,000 44,000
Other debtors - 2,523
68,000 46,523

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 52,921 10,803
Other creditors 638 797
53,559 11,600

7. RELATED PARTY DISCLOSURES

The director Miss V M Tohatan is considered to be key management personnel.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
VT Global System Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VT Global System Limited for the year ended 31 October 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of VT Global System Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of VT Global System Limited and state those matters that we have agreed to state to the director of VT Global System Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VT Global System Limited and its director for our work or for this report.

It is your duty to ensure that VT Global System Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of VT Global System Limited. You consider that VT Global System Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of VT Global System Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


31 July 2024