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REGISTERED NUMBER: 09337284 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

VDC GROUP TRADING LIMITED

VDC GROUP TRADING LIMITED (REGISTERED NUMBER: 09337284)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VDC GROUP TRADING LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr A. Bedi





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 09337284 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

VDC GROUP TRADING LIMITED (REGISTERED NUMBER: 09337284)

Statement of Financial Position
31 DECEMBER 2023

31/12/23 31/12/22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 89,816 103,397
Investments 6 100,200 100,200
190,016 203,597

CURRENT ASSETS
Debtors 7 2,685,016 2,758,518
Cash at bank and in hand 3,703,684 3,138,466
6,388,700 5,896,984
CREDITORS
Amounts falling due within one year 8 1,147,388 1,101,601
NET CURRENT ASSETS 5,241,312 4,795,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,431,328

4,998,980

PROVISIONS FOR LIABILITIES 9 22,454 25,849
NET ASSETS 5,408,874 4,973,131

CAPITAL AND RESERVES
Called up share capital 800 800
Retained earnings 5,408,074 4,972,331
SHAREHOLDERS' FUNDS 5,408,874 4,973,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VDC GROUP TRADING LIMITED (REGISTERED NUMBER: 09337284)

Statement of Financial Position - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2024 and were signed by:





Mr A. Bedi - Director


VDC GROUP TRADING LIMITED (REGISTERED NUMBER: 09337284)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

VDC Group Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods provided in the normal course of business net of discounts and VAT. The company recognises revenue at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of one years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.


VDC GROUP TRADING LIMITED (REGISTERED NUMBER: 09337284)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 10,000
AMORTISATION
At 1 January 2023
and 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

VDC GROUP TRADING LIMITED (REGISTERED NUMBER: 09337284)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 January 2023 237,776 64,424 302,200
Additions - 2,269 2,269
At 31 December 2023 237,776 66,693 304,469
DEPRECIATION
At 1 January 2023 162,643 36,160 198,803
Charge for year 11,270 4,580 15,850
At 31 December 2023 173,913 40,740 214,653
NET BOOK VALUE
At 31 December 2023 63,863 25,953 89,816
At 31 December 2022 75,133 28,264 103,397

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 200 100,000 100,200
NET BOOK VALUE
At 31 December 2023 200 100,000 100,200
At 31 December 2022 200 100,000 100,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£ £
Trade debtors 1,635,708 1,556,562
Amounts owed by related companies 1,035,667 1,191,727
Other debtors 13,641 10,229
2,685,016 2,758,518

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£ £
Trade creditors 616,737 693,308
Taxation and social security 428,173 348,765
Other creditors 102,478 59,528
1,147,388 1,101,601

VDC GROUP TRADING LIMITED (REGISTERED NUMBER: 09337284)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£ £
Deferred tax
Accelerated capital allowances 22,454 25,849

Deferred tax
£
Balance at 1 January 2023 25,849
Provided during year (3,395 )
Balance at 31 December 2023 22,454

10. RELATED PARTY DISCLOSURES

An amount of £1,024,492 (2022: £835,892) included in debtors is owed by Bedico Limited where Mr Bedi owns 100% of the voting share capital.