VTICK SOLUTIONS LIMITED

Company Registration Number:
14107426 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

VTICK SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

VTICK SOLUTIONS LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024 13 months to 31 May 2023


£

£
Turnover: 4,815,173 2,998,426
Cost of sales: ( 2,163,227 ) ( 982,632 )
Gross profit(or loss): 2,651,946 2,015,794
Administrative expenses: ( 681,711 ) ( 552,509 )
Operating profit(or loss): 1,970,235 1,463,285
Profit(or loss) before tax: 1,970,235 1,463,285
Tax: ( 15,126 ) ( 9,591 )
Profit(or loss) for the financial year: 1,955,109 1,453,694

VTICK SOLUTIONS LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 13 months to 31 May 2023


£

£
Fixed assets
Tangible assets: 3 544,701 345,528
Total fixed assets: 544,701 345,528
Current assets
Stocks: 4 987,948 345,231
Debtors: 5 1,770,457 716,386
Cash at bank and in hand: 197,482 82,963
Total current assets: 2,955,887 1,144,580
Creditors: amounts falling due within one year: 6 ( 90,934 ) ( 35,563 )
Net current assets (liabilities): 2,864,953 1,109,017
Total assets less current liabilities: 3,409,654 1,454,545
Accruals and deferred income: ( 850 ) ( 850 )
Total net assets (liabilities): 3,408,804 1,453,695
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,408,803 1,453,694
Total Shareholders' funds: 3,408,804 1,453,695

The notes form part of these financial statements

VTICK SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 13 August 2024
and signed on behalf of the board by:

Name: Mohammad Azad
Status: Director

The notes form part of these financial statements

VTICK SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

VTICK SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 13 months to 31 May 2023
    Average number of employees during the period 10 7

VTICK SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 156,123 169,621 106,166 431,910
Additions 193,155 47,896 94,298 335,349
Disposals
Revaluations
Transfers
At 31 May 2024 349,278 217,517 200,464 767,259
Depreciation
At 1 June 2023 31,225 33,924 21,233 86,382
Charge for year 63,611 36,718 35,847 136,176
On disposals
Other adjustments
At 31 May 2024 94,836 70,642 57,080 222,558
Net book value
At 31 May 2024 254,442 146,875 143,384 544,701
At 31 May 2023 124,898 135,697 84,933 345,528

VTICK SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Stocks

2024 13 months to 31 May 2023
£ £
Stocks 987,948 345,231
Total 987,948 345,231

VTICK SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

2024 13 months to 31 May 2023
£ £
Trade debtors 1,770,457 716,386
Total 1,770,457 716,386

VTICK SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

2024 13 months to 31 May 2023
£ £
Trade creditors 8,286 3,917
Taxation and social security 66,676 15,674
Other creditors 15,972 15,972
Total 90,934 35,563