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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
Page
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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
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Vectis Trading Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,368 
23,422 
Current assets
Inventories
1,607 
1,607 
Debtors
12,503 
12,510 
Cash at bank and in hand
13,882 
50,027 
27,992 
64,144 
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 
Capital and reserves
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
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Vectis Trading Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 April 2023
128,869 
At 31 March 2024
128,869 
Depreciation
At 1 April 2023
105,447 
Charge for the year
6,054 
At 31 March 2024
111,501 
Net book value
At 31 March 2024
17,368 
At 31 March 2023
23,422 
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Vectis Trading Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
168 
- 
Accrued income and prepayments
12,235 
12,410 
Other debtors
100 
100 
12,503 
12,510 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,755 
5,649 
Trade creditors
15,799 
14,629 
Taxes and social security
5,499 
308 
Other creditors
384 
- 
Loans from directors
17,348 
27,712 
Accruals
950 
1,289 
47,735 
49,587 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,667 
31,667 
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).
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