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Company Registration No. SC736560 (Scotland)
Vantage Tags Ltd Unaudited accounts for the year ended 30 June 2024
Vantage Tags Ltd Unaudited accounts Contents
Page
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Vantage Tags Ltd Company Information for the year ended 30 June 2024
Directors
Angela McGeehan Christopher McGeehan
Company Number
SC736560 (Scotland)
Registered Office
Westpoint House Prospect Road Arnhall Business Park Westhill AB32 6FJ Scotland
Accountants
TaxKings Ltd 4th Floor, 176 Bath Street Glasgow G2 4HG
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Vantage Tags Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,145 
12,289 
Current assets
Debtors
38,266 
2,962 
Cash at bank and in hand
49,811 
10,776 
88,077 
13,738 
Creditors: amounts falling due within one year
(40,621)
(74,413)
Net current assets/(liabilities)
47,456 
(60,675)
Total assets less current liabilities
53,601 
(48,386)
Creditors: amounts falling due after more than one year
(73,235)
(1,039)
Net liabilities
(19,634)
(49,425)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(19,635)
(49,426)
Shareholders' funds
(19,634)
(49,425)
For the year ending 30 June 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by
Angela McGeehan Director Company Registration No. SC736560
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Vantage Tags Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Vantage Tags Ltd is a private company, limited by shares, registered in Scotland, registration number SC736560. The registered office is Westpoint House Prospect Road, Arnhall Business Park, Westhill, AB32 6FJ, Scotland.
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
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.
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:
Motor vehicles
33% straight line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 July 2023
18,432 
At 30 June 2024
18,432 
Depreciation
At 1 July 2023
6,143 
Charge for the year
6,144 
At 30 June 2024
12,287 
Net book value
At 30 June 2024
6,145 
At 30 June 2023
12,289 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,175 
Trade debtors
38,266 
787 
38,266 
2,962 
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Vantage Tags Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(676)
- 
Trade creditors
34,917 
9,225 
Taxes and social security
614 
437 
Other creditors
147 
59,950 
Loans from directors
5,619 
4,801 
40,621 
74,413 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
15,829 
- 
Other creditors
57,406 
- 
Accruals
- 
1,039 
73,235 
1,039 
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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