1 August 2022 false No description of principal activity Taxfiler 2024.5 12081619business:PrivateLimitedCompanyLtd2022-08-012023-07-31 120816192022-07-31 120816192022-08-012023-07-31 12081619business:AuditExemptWithAccountantsReport2022-08-012023-07-31 12081619business:FilletedAccounts2022-08-012023-07-31 120816192023-07-31 12081619business:Director12022-08-012023-07-31 12081619business:RegisteredOffice2022-08-012023-07-31 120816192022-07-31 12081619core:WithinOneYear2023-07-31 12081619core:WithinOneYear2022-07-31 12081619core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12081619core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12081619core:SharePremiumcore:PreviouslyStatedAmount2023-07-31 12081619core:SharePremiumcore:PreviouslyStatedAmount2022-07-31 12081619core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12081619core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12081619core:PreviouslyStatedAmount2023-07-31 12081619core:PreviouslyStatedAmount2022-07-31 12081619business:SmallEntities2022-08-012023-07-31 12081619countries:EnglandWales2022-08-012023-07-31 12081619core:ComputerEquipment2022-08-012023-07-31 12081619core:ComputerEquipment2022-07-31 12081619core:ComputerEquipment2023-07-31 12081619business:Director112022-08-012023-07-31 12081619business:Director112022-07-31 12081619business:Director112023-07-31 120816192021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12081619 (England and Wales)
Vortex Holdings Ltd Unaudited accounts for the year ended 31 July 2023
Vortex Holdings Ltd Unaudited accounts Contents
Page
- 2 -
Vortex Holdings Ltd Company Information for the year ended 31 July 2023
Director
Sufyaan Saleem
Company Number
12081619 (England and Wales)
Registered Office
49 Colston Road Bristol BS5 6AA England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
- 3 -
Vortex Holdings Ltd Accountants' report
Accountants' report to the director of Vortex Holdings Ltd on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vortex Holdings Ltd for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Vortex Holdings Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Vortex Holdings Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vortex Holdings Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Vortex Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vortex Holdings Ltd. You consider that Vortex Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Vortex Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 21 September 2024
- 4 -
Vortex Holdings Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
973 
1,653 
Investments
31,181 
31,181 
32,154 
32,834 
Current assets
Cash at bank and in hand
32,498 
31,686 
Creditors: amounts falling due within one year
(12,044)
(15,237)
Net current assets
20,454 
16,449 
Net assets
52,608 
49,283 
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
37,533 
37,533 
Profit and loss account
14,075 
10,750 
Shareholders' funds
52,608 
49,283 
For the year ending 31 July 2023 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 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 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 and authorised for issue on 21 September 2024 and were signed on its behalf by
Sufyaan Saleem Director Company Registration No. 12081619
- 5 -
Vortex Holdings Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Vortex Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12081619. The registered office is 49 Colston Road, Bristol, BS5 6AA, England.
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
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:
Computer equipment
25% SLM
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
2,721 
At 31 July 2023
2,721 
Depreciation
At 1 August 2022
1,068 
Charge for the year
680 
At 31 July 2023
1,748 
Net book value
At 31 July 2023
973 
At 31 July 2022
1,653 
- 6 -
Vortex Holdings Ltd Notes to the Accounts for the year ended 31 July 2023
5
Investments
Other investments 
£ 
Valuation at 1 August 2022
31,181 
Valuation at 31 July 2023
31,181 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,158 
3,358 
Loans from directors
6,565 
10,331 
Accruals
2,321 
1,548 
12,044 
15,237 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sufyaan Saleem
Directors Loan Accounts
(10,031)
(2,021)
(5,787)
(6,265)
(10,031)
(2,021)
(5,787)
(6,265)
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 7 -