2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,985 1,985 1,520 1,520 465 xbrli:pure xbrli:shares iso4217:GBP SC682794 2024-01-01 2024-12-31 SC682794 2024-12-31 SC682794 2023-12-31 SC682794 2023-01-01 2023-12-31 SC682794 2023-12-31 SC682794 2022-12-31 SC682794 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC682794 bus:Director1 2024-01-01 2024-12-31 SC682794 core:WithinOneYear 2024-12-31 SC682794 core:WithinOneYear 2023-12-31 SC682794 core:ShareCapital 2024-12-31 SC682794 core:ShareCapital 2023-12-31 SC682794 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC682794 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC682794 bus:SmallEntities 2024-01-01 2024-12-31 SC682794 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC682794 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC682794 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC682794 bus:FullAccounts 2024-01-01 2024-12-31 SC682794 bus:OrdinaryShareClass1 2024-12-31 SC682794 bus:OrdinaryShareClass1 2023-12-31 SC682794 core:ComputerEquipment 2024-01-01 2024-12-31 SC682794 core:ComputerEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: SC682794
Vigent Consulting Ltd
Filleted Unaudited Financial Statements
31 December 2024
Vigent Consulting Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
465
Current assets
Debtors
6
870
55,516
Cash at bank and in hand
83,198
35,858
--------
--------
84,068
91,374
Creditors: amounts falling due within one year
7
69,542
91,203
--------
--------
Net current assets
14,526
171
--------
----
Total assets less current liabilities
14,526
636
--------
----
Net assets
14,526
636
--------
----
Capital and reserves
Called up share capital
8
3
3
Profit and loss account
14,523
633
--------
----
Shareholders funds
14,526
636
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Vigent Consulting Ltd
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 13 January 2025 , and are signed on behalf of the board by:
Mr N Gallacher
Director
Company registration number: SC682794
Vigent Consulting Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 42 Hamilton Street, Broughty Ferry, Dundee, DD5 2RE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment
-
33% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).
5. Tangible assets
Equipment
£
Cost
At 1 January 2024
1,985
Disposals
( 1,985)
-------
At 31 December 2024
-------
Depreciation
At 1 January 2024
1,520
Disposals
( 1,520)
-------
At 31 December 2024
-------
Carrying amount
At 31 December 2024
-------
At 31 December 2023
465
-------
6. Debtors
2024
2023
£
£
Trade debtors
47,205
Other debtors
870
8,311
----
--------
870
55,516
----
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
49,503
77,382
Social security and other taxes
15,101
12,835
Other creditors
4,938
986
--------
--------
69,542
91,203
--------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
3
3
3
3
----
----
----
----
9. Directors' advances, credits and guarantees
The company was under the control of the company directors throughout the accounting period.
At the year end, the company owed the directors £3,457 (2023 - the directors owed the company £7,943). This loan is interest-free and repayable on demand.