CYBERTEL VAS LIMITED

Company Registration Number:
07938459 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

CYBERTEL VAS LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

CYBERTEL VAS LIMITED

Balance sheet

As at 29 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 769,008 798,354
Total fixed assets: 769,008 798,354
Current assets
Debtors:   10,055,414 9,896,628
Cash at bank and in hand: 9,490 15,543
Total current assets: 10,064,904 9,912,171
Creditors: amounts falling due within one year:   (9,318,427) (9,199,954)
Net current assets (liabilities): 746,477 712,217
Total assets less current liabilities: 1,515,485 1,510,571
Creditors: amounts falling due after more than one year:   (129,506) (129,506)
Provision for liabilities: (8,401) (9,952)
Total net assets (liabilities): 1,377,578 1,371,113
Capital and reserves
Called up share capital: 910,191 910,191
Profit and loss account: 467,387 460,922
Shareholders funds: 1,377,578 1,371,113

The notes form part of these financial statements

CYBERTEL VAS LIMITED

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 March 2024
and signed on behalf of the board by:

Name: JAMES PARFREY
Status: Director

The notes form part of these financial statements

CYBERTEL VAS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer equipment interconnection that is depreciation at 3% reducing balance; Fixtures and fittings- 25% reducing balance.

Other accounting policies

Investments held as fixed assets are shown at historical cost. Foreign currencies monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Profit and Loss Account.

CYBERTEL VAS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

CYBERTEL VAS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 979,868
At 29 February 2024 979,868
Depreciation
At 01 March 2023 181,514
Charge for year 29,346
At 29 February 2024 210,860
Net book value
At 29 February 2024 769,008
At 28 February 2023 798,354