Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC711298 2023-01-01 2023-12-31 SC711298 2021-10-01 2022-12-31 SC711298 2023-12-31 SC711298 2022-12-31 SC711298 c:Director1 2023-01-01 2023-12-31 SC711298 c:Director2 2023-01-01 2023-12-31 SC711298 c:RegisteredOffice 2023-01-01 2023-12-31 SC711298 d:Buildings 2023-01-01 2023-12-31 SC711298 d:Buildings 2023-12-31 SC711298 d:Buildings 2022-12-31 SC711298 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC711298 d:MotorVehicles 2023-01-01 2023-12-31 SC711298 d:MotorVehicles 2023-12-31 SC711298 d:MotorVehicles 2022-12-31 SC711298 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC711298 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC711298 d:CurrentFinancialInstruments 2023-12-31 SC711298 d:CurrentFinancialInstruments 2022-12-31 SC711298 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC711298 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC711298 d:ShareCapital 2023-12-31 SC711298 d:ShareCapital 2022-12-31 SC711298 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC711298 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC711298 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC711298 c:OrdinaryShareClass1 2023-12-31 SC711298 c:OrdinaryShareClass1 2022-12-31 SC711298 c:FRS102 2023-01-01 2023-12-31 SC711298 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC711298 c:FullAccounts 2023-01-01 2023-12-31 SC711298 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC711298 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC711298










VECTOR LEISURE LIMITED
Financial Statements
FOR THE Year ENDED 31 DECEMBER 2023

 
VECTOR LEISURE LIMITED
 

COMPANY INFORMATION


Directors
Mr R Smith 
Miss L J White 




Registered number
SC711298



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
VECTOR LEISURE LIMITED
 

CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 
VECTOR LEISURE LIMITED
REGISTERED NUMBER: SC711298

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
620,574
621,512

  
620,574
621,512

Current assets
  

Debtors: amounts falling due within one year
 5 
2,295
2,843

Bank and cash balances
  
18,665
38,491

  
20,960
41,334

Creditors: amounts falling due within one year
 6 
(603,421)
(635,129)

Net current liabilities
  
 
 
(582,461)
 
 
(593,795)

Total assets less current liabilities
  
38,113
27,717

  

Net assets
  
38,113
27,717


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
38,013
27,617

  
38,113
27,717


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2024.




Mr R Smith
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
VECTOR LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Vector Leisure Limited is a private company, limited by shares, domiciled in Scotland with the registration number SC711298. The registered office is 14 City Quay, Dundee, DD1 3JA and the principal operating address is 18 Lower Oakfield, Derrybeg, PH16 5DS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 
VECTOR LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 3

 
VECTOR LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including the Directors, during the year was as follows:


      Year Ended
     31 December
     Period ended
      31 December
        2023
        2022
            No.
            No.







Directors
2
2


4.


Tangible fixed assets





Freehold property
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2023
617,762
5,000
622,762



At 31 December 2023

617,762
5,000
622,762



Depreciation


At 1 January 2023
-
1,250
1,250


Charge for the year on owned assets
-
938
938



At 31 December 2023

-
2,188
2,188



Net book value



At 31 December 2023
617,762
2,812
620,574



At 31 December 2022
617,762
3,750
621,512

Page 4

 
VECTOR LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Prepayments and accrued income
2,295
2,843

2,295
2,843



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
3,381
5,599

Other creditors
597,770
627,370

Accruals and deferred income
2,270
2,160

603,421
635,129



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 5