Company Registration No. 07389226 (England and Wales)
Vectis Trading Limited
Unaudited accounts
for the year ended 31 March 2024
Vectis Trading Limited
Unaudited accounts
Contents
Vectis Trading Limited
Company Information
for the year ended 31 March 2024
Directors
Sandra Knowles
Patrick Knowles
Company Number
07389226 (England and Wales)
Registered Office
55 Manners View
Newport
Isle of Wight
PO30 5FA
Accountants
Vision Accounting
Fortis House
Cothey Way
Ryde
Isle of Wight
PO33 1QT
Vectis Trading Limited
Statement of financial position
as at 31 March 2024
Tangible assets
17,368
23,422
Cash at bank and in hand
13,882
50,027
Creditors: amounts falling due within one year
(47,735)
(49,587)
Net current (liabilities)/assets
(19,743)
14,557
Total assets less current liabilities
(2,375)
37,979
Creditors: amounts falling due after more than one year
(21,667)
(31,667)
Provisions for liabilities
Other provisions
(3,300)
(4,450)
Net (liabilities)/assets
(27,342)
1,862
Called up share capital
100
100
Profit and loss account
(27,442)
1,762
Shareholders' funds
(27,342)
1,862
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by
Sandra Knowles
Director
Company Registration No. 07389226
Vectis Trading Limited
Notes to the Accounts
for the year ended 31 March 2024
Vectis Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 07389226. The registered office is 55 Manners View, Newport, Isle of Wight, PO30 5FA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Vectis Trading Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
12,235
12,410
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
15,799
14,629
Taxes and social security
5,499
308
Loans from directors
17,348
27,712
7
Creditors: amounts falling due after more than one year
2024
2023
8
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
35,000
9
Average number of employees
During the year the average number of employees was 16 (2023: 13).