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Registered number: 10004948
Vitelecom Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10004948
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,460 22,380
17,460 22,380
CURRENT ASSETS
Stocks 5 20,000 15,500
Debtors 6 1,218 4,742
Cash at bank and in hand 3,295 3,990
24,513 24,232
Creditors: Amounts Falling Due Within One Year 7 (49,060 ) (38,257 )
NET CURRENT ASSETS (LIABILITIES) (24,547 ) (14,025 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,087 ) 8,355
Creditors: Amounts Falling Due After More Than One Year 8 (16,394 ) (17,223 )
NET LIABILITIES (23,481 ) (8,868 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (23,482 ) (8,869 )
SHAREHOLDERS' FUNDS (23,481) (8,868)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Carl Munday
Director
03/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vitelecom Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10004948 . The registered office is 22-24 Napier Road, South Croydon, Surrey, CR2 6HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 5 years straight line
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
2Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 25,621
As at 31 March 2024 25,621
Depreciation
As at 1 April 2023 3,241
Provided during the period 4,920
As at 31 March 2024 8,161
Net Book Value
As at 31 March 2024 17,460
As at 1 April 2023 22,380
5. Stocks
2024 2023
£ £
Finished goods 20,000 15,500
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,218 4,742
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,499 13,703
Trade creditors - 1
Amounts owed to group undertakings 1,762 179
Other creditors 42,811 24,273
Taxation and social security 988 101
49,060 38,257
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,706 -
Other creditors 9,688 17,223
16,394 17,223
Page 4
Page 5
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
Page 5