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REGISTERED NUMBER: 14397221 (England and Wales)










Unaudited Financial Statements

FOR THE PERIOD

4 October 2022 to 31 October 2023

for

VANGUARD TECH ENTERPRISE LTD

VANGUARD TECH ENTERPRISE LTD (REGISTERED NUMBER: 14397221)






Contents of the Financial Statements
FOR THE PERIOD 4 OCTOBER 2022 TO 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VANGUARD TECH ENTERPRISE LTD

Company Information
FOR THE PERIOD 4 OCTOBER 2022 TO 31 OCTOBER 2023







DIRECTORS: K Magen
R A Davis





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 14397221 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

VANGUARD TECH ENTERPRISE LTD (REGISTERED NUMBER: 14397221)

Balance Sheet
31 OCTOBER 2023

Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 594

CURRENT ASSETS
Debtors 5 52,850
Cash at bank 21,172
74,022
CREDITORS
Amounts falling due within one year 6 68,220
NET CURRENT ASSETS 5,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,396

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 6,296
6,396

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





K Magen - Director


VANGUARD TECH ENTERPRISE LTD (REGISTERED NUMBER: 14397221)

Notes to the Financial Statements
FOR THE PERIOD 4 OCTOBER 2022 TO 31 OCTOBER 2023

1. STATUTORY INFORMATION

Vanguard Tech Enterprise Ltd 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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet it's liabilities to third parties as and when they fall due. Also, the director will continue to support the company when required.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment
losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Computer equipment - 33.33% on straight line method.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the period 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.


VANGUARD TECH ENTERPRISE LTD (REGISTERED NUMBER: 14397221)

Notes to the Financial Statements - continued
FOR THE PERIOD 4 OCTOBER 2022 TO 31 OCTOBER 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 balance sheet 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
Additions 891
At 31 October 2023 891
DEPRECIATION
Charge for period 297
At 31 October 2023 297
NET BOOK VALUE
At 31 October 2023 594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,250
Other debtors 28,432
VAT 21,168
52,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 35,045
Amounts owed to group undertakings 28,235
Tax 1,373
Directors' loan accounts 724
Accrued expenses 2,843
68,220

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

VANGUARD TECH ENTERPRISE LTD (REGISTERED NUMBER: 14397221)

Notes to the Financial Statements - continued
FOR THE PERIOD 4 OCTOBER 2022 TO 31 OCTOBER 2023

7. RELATED PARTY DISCLOSURES - continued

Included in creditors falling due within one year, is an amount of £724 owed to the director of the company.

The loan is interest free and repayable on demand.