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REGISTERED NUMBER: 11406605 (England and Wales)















VSL - VANGUARD SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024






VSL - VANGUARD SERVICES LTD (REGISTERED NUMBER: 11406605)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VSL - VANGUARD SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R Spalding
C J Cherry





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 11406605 (England and Wales)






VSL - VANGUARD SERVICES LTD (REGISTERED NUMBER: 11406605)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 332,395 373,934
Tangible assets 5 321,347 379,857
653,742 753,791

CURRENT ASSETS
Stocks 156,060 114,536
Debtors 6 304,041 407,015
Cash at bank and in hand 9,813 5,658
469,914 527,209
CREDITORS
Amounts falling due within one year 7 1,547,918 1,157,736
NET CURRENT LIABILITIES (1,078,004 ) (630,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(424,262

)

123,264

CREDITORS
Amounts falling due after more than one
year

8

63,043

115,611
NET (LIABILITIES)/ASSETS (487,305 ) 7,653

CAPITAL AND RESERVES
Called up share capital 140 140
Revaluation reserve 10 73,396 73,396
Retained earnings (560,841 ) (65,883 )
(487,305 ) 7,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

VSL - VANGUARD SERVICES LTD (REGISTERED NUMBER: 11406605)

BALANCE SHEET - continued
30 APRIL 2024


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 15 January 2025 and were signed on its behalf by:




R Spalding - Director



C J Cherry - Director


VSL - VANGUARD SERVICES LTD (REGISTERED NUMBER: 11406605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

VSL - Vanguard Services 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.

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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on reducing balance, 20% on reducing balance and 10% - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

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 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.

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.

VSL - VANGUARD SERVICES LTD (REGISTERED NUMBER: 11406605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

Going concern
At the balance sheet date the company had net liabilities of £487,305. With the continued support of the shareholders and directors the financial statements have been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 415,390
AMORTISATION
At 1 May 2023 41,456
Charge for year 41,539
At 30 April 2024 82,995
NET BOOK VALUE
At 30 April 2024 332,395
At 30 April 2023 373,934

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 May 2023 400,830
Additions 17,242
At 30 April 2024 418,072
DEPRECIATION
At 1 May 2023 20,973
Charge for year 75,752
At 30 April 2024 96,725
NET BOOK VALUE
At 30 April 2024 321,347
At 30 April 2023 379,857

VSL - VANGUARD SERVICES LTD (REGISTERED NUMBER: 11406605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2023 73,396
Cost 344,676
418,072

If plant and machinery had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 279,791 279,791

Plant and machinery were valued on an open market basis on 30 April 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 256,179 390,994
Other debtors 47,862 16,021
304,041 407,015

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 67,323 67,323
Trade creditors 546,767 308,186
Taxation and social security 178,552 411,626
Other creditors 755,276 370,601
1,547,918 1,157,736

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 63,043 115,611

VSL - VANGUARD SERVICES LTD (REGISTERED NUMBER: 11406605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 71,458 102,083
Invoice financing 332,565 195,620
404,023 297,703

10. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 73,396