1 August 2023 false No description of principal activity Taxfiler 2024.6 NI613695business:PrivateLimitedCompanyLtd2023-08-012024-07-31 NI6136952023-07-31 NI6136952023-08-012024-07-31 NI613695business:AuditExemptWithAccountantsReport2023-08-012024-07-31 NI613695business:FilletedAccounts2023-08-012024-07-31 NI6136952024-07-31 NI613695business:Director12023-08-012024-07-31 NI613695business:Director22023-08-012024-07-31 NI613695business:RegisteredOffice2023-08-012024-07-31 NI6136952023-07-31 NI613695core:WithinOneYear2024-07-31 NI613695core:WithinOneYear2023-07-31 NI613695core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 NI613695core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 NI613695core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 NI613695core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 NI613695core:PreviouslyStatedAmount2024-07-31 NI613695core:PreviouslyStatedAmount2023-07-31 NI613695business:SmallEntities2023-08-012024-07-31 NI613695countries:NorthernIreland2023-08-012024-07-31 NI613695core:PlantMachinery2023-08-012024-07-31 NI613695core:PlantMachinery2023-07-31 NI613695core:PlantMachinery2024-07-31 NI6136952022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. NI613695 (Northern Ireland)
Vela Consulting Ltd Unaudited accounts for the year ended 31 July 2024
Vela Consulting Ltd Unaudited accounts Contents
Page
- 2 -
Vela Consulting Ltd Company Information for the year ended 31 July 2024
Directors
Francis Ezidi Anthonia Ezidi
Company Number
NI613695 (Northern Ireland)
Registered Office
1 Church Street Fintona Tyrone BT78 2BR Northern Ireland
Accountants
A D Pottie & Co Ltd 1 Church Street Fintona Tyrone BT78 2BR
- 3 -
Vela Consulting Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,126 
3,748 
Current assets
Debtors
63,111 
54,225 
Cash at bank and in hand
717 
717 
63,828 
54,942 
Creditors: amounts falling due within one year
(61,775)
(54,806)
Net current assets
2,053 
136 
Net assets
4,179 
3,884 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,079 
3,784 
Shareholders' funds
4,179 
3,884 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by
Francis Ezidi Director Company Registration No. NI613695
- 4 -
Vela Consulting Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Vela Consulting Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI613695. The registered office is 1 Church Street, Fintona, Tyrone, BT78 2BR, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
25,627 
At 31 July 2024
25,627 
Depreciation
At 1 August 2023
21,879 
Charge for the year
1,622 
At 31 July 2024
23,501 
Net book value
At 31 July 2024
2,126 
At 31 July 2023
3,748 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
63,111 
54,225 
- 5 -
Vela Consulting Ltd Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,467 
3,588 
Taxes and social security
40,909 
37,535 
Other creditors
15,925 
13,683 
Accruals
474 
- 
61,775 
54,806 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -