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REGISTERED NUMBER: 04368574 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

VECTION TECHNOLOGY LIMITED

VECTION TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368574)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VECTION TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr D J Mcdermott
Mr J G Blumfield





SECRETARY: Mr J G Blumfield





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Bucks
SL7 3HN





REGISTERED NUMBER: 04368574 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

VECTION TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368574)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,976 1,899

CURRENT ASSETS
Debtors 5 57,416 108,594
Cash at bank 488,141 623,128
545,557 731,722
CREDITORS
Amounts falling due within one year 6 299,761 342,657
NET CURRENT ASSETS 245,796 389,065
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,772

390,964

CAPITAL AND RESERVES
Called up share capital 206 206
Retained earnings 247,566 390,758
SHAREHOLDERS' FUNDS 247,772 390,964

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:




Mr J G Blumfield - Director



Mr D J Mcdermott - Director


VECTION TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368574)

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

1. STATUTORY INFORMATION

Vection Technology 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.

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.
Computer equipment - 50% on cost

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023 18,677
Additions 2,610
Disposals (7,812 )
At 30 June 2024 13,475
DEPRECIATION
At 1 July 2023 16,778
Charge for year 2,533
Eliminated on disposal (7,812 )
At 30 June 2024 11,499
NET BOOK VALUE
At 30 June 2024 1,976
At 30 June 2023 1,899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 49,800 97,683
Prepayments and accrued income 7,616 10,911
57,416 108,594

VECTION TECHNOLOGY LIMITED (REGISTERED NUMBER: 04368574)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,087 225
Tax 49,956 73,142
Social security and other taxes 1,286 1,398
VAT 19,503 18,564
Accruals & deferred income 227,929 249,328
299,761 342,657