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Registered Number: 13412459
England and Wales

 

 

 

VAULT HILL LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 May 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Accounting SQL Limited
31 May 2024



....................................................

Accounting SQL Limited

Unit 1b
Clapham North Business Centre 26-32
LONDON
SW4 6DH
24 February 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 232,349    223,656 
Tangible fixed assets 4 14,005    18,838 
246,354    242,494 
Current assets      
Debtors 12,131    461,257 
Cash at bank and in hand 1,211    2,498 
13,342    463,755 
Creditors: amount falling due within one year 175,174    (183,058)
Net current assets 188,516    280,697 
 
Total assets less current liabilities 434,870    523,191 
Accruals and deferred income (1,353,865)   (1,357,809)
Provisions for liabilities (1,168)   (5,526)
Net assets (920,163)   (840,144)
 

Capital and reserves
     
Called up share capital 10,000    10,000 
Share premium account 107,230    107,230 
Fair Value Reserves 113,766    113,766 
Profit and loss account (1,151,159)   (1,071,140)
Shareholders' funds (920,163)   (840,144)
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 24 February 2025 and were signed by:


-------------------------------
Folajimi DAODU
Director
2
General Information
VAULT HILL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13412459, registration address 1 Coldbath Square, London, EC1R 5HL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 2 Years Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 8 (2023 : 3).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 June 2023 223,656    223,656 
Additions 8,693    8,693 
Disposals  
At 31 May 2024 232,349    232,349 
Amortisation
At 01 June 2023  
Charge for year  
On disposals  
At 31 May 2024  
Net book values
At 31 May 2024 232,349    232,349 
At 31 May 2023 223,656    223,656 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 June 2023 71,278    71,278 
Additions  
Disposals (164)   (164)
At 31 May 2024 71,114    71,114 
Depreciation
At 01 June 2023 52,440    52,440 
Charge for year 4,669    4,669 
On disposals  
At 31 May 2024 57,109    57,109 
Net book values
Closing balance as at 31 May 2024 14,005    14,005 
Opening balance as at 01 June 2023 18,838    18,838 


5.

Fair Value Reserves

2024
£
  2023
£
Fair Value Reserve b/fwd 113,766    113,766 
113,766    113,766 

3