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REGISTERED NUMBER: 05121827 (England and Wales)
















VANQUISH INSULATIONS UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






VANQUISH INSULATIONS UK LIMITED (REGISTERED NUMBER: 05121827)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VANQUISH INSULATIONS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M. Deal
D.P. Deal





SECRETARY: D.P. Deal





REGISTERED OFFICE: Unit 7
The Grange
Stock Road
Stock
Essex
CM4 9PH





REGISTERED NUMBER: 05121827 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

VANQUISH INSULATIONS UK LIMITED (REGISTERED NUMBER: 05121827)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,042 86,727

CURRENT ASSETS
Debtors 5 834,957 1,228,579
Cash at bank 194,109 125,271
1,029,066 1,353,850
CREDITORS
Amounts falling due within one year 6 290,732 437,333
NET CURRENT ASSETS 738,334 916,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,376

1,003,244

CREDITORS
Amounts falling due after more than one
year

7

(67,252

)

(131,231

)

PROVISIONS FOR LIABILITIES (18,000 ) (6,201 )
NET ASSETS 730,124 865,812

VANQUISH INSULATIONS UK LIMITED (REGISTERED NUMBER: 05121827)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 730,024 865,712
SHAREHOLDERS' FUNDS 730,124 865,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:




M. Deal - Director



D.P. Deal - Director


VANQUISH INSULATIONS UK LIMITED (REGISTERED NUMBER: 05121827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

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

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 - 20% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


VANQUISH INSULATIONS UK LIMITED (REGISTERED NUMBER: 05121827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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.

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 15,595 163,471 179,066
Additions - 26,334 26,334
Disposals - (10,974 ) (10,974 )
At 31 March 2024 15,595 178,831 194,426
DEPRECIATION
At 1 April 2023 15,595 76,744 92,339
Charge for year - 36,019 36,019
Eliminated on disposal - (10,974 ) (10,974 )
At 31 March 2024 15,595 101,789 117,384
NET BOOK VALUE
At 31 March 2024 - 77,042 77,042
At 31 March 2023 - 86,727 86,727

VANQUISH INSULATIONS UK LIMITED (REGISTERED NUMBER: 05121827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 726,222 1,027,750
Other debtors 108,735 200,829
834,957 1,228,579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 63,979 60,865
Trade creditors 138,504 189,114
Taxation and social security 83,722 183,354
Other creditors 4,527 4,000
290,732 437,333

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 67,252 131,231