Registered number
10881918
Vante Consultancy Ltd
Filleted Accounts
30 November 2023
Vante Consultancy Ltd
Registered number: 10881918
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Stocks 12,500 25,300
Debtors 3 2,059 2,607
Cash at bank and in hand 3,854 1,980
18,413 29,887
Creditors: amounts falling due within one year 4 (23,477) (20,251)
Net current (liabilities)/assets (5,064) 9,636
Total assets less current liabilities (5,064) 9,636
Creditors: amounts falling due after more than one year 5 (7,368) (9,378)
Net (liabilities)/assets (12,432) 258
Capital and reserves
Called up share capital 100 100
Profit and loss account (12,532) 158
Shareholder's funds (12,432) 258
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Dogukan Vanlioglu
Director
Approved by the board on 16 August 2024
Vante Consultancy Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
1 And 1 Ionos Ltd - 4
Directors Account 1,570 4,490
Debtors - Amazon 489 724
Customers - (2,650)
Prepayments - 39
2,059 2,607
4 Creditors: amounts falling due within one year 2023 2022
£ £
Dogukan Vanlioglu - 800
Bank loans and overdrafts 14,958 15,504
Suppliers 5,859 2,624
Taxation and social security costs 2,660 1,322
Other creditors - 1
23,477 20,251
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bounceback Loan 2,746 3,672
Barclay's loan 2,152 5,706
MELLON CONSULTANCY LIMITED (loan) 2,470 -
7,368 9,378
6 Other information
Vante Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
565 Green Lanes
London
N8 0RL
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