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REGISTERED NUMBER: 08786865 (England and Wales)


















VG Tech Solutions Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2024






VG Tech Solutions Ltd (Registered number: 08786865)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VG Tech Solutions Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr V Gupta
Mrs T Gupta





REGISTERED OFFICE: 2 Barley Road
Cheltenham
GL52 3PF





REGISTERED NUMBER: 08786865 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

VG Tech Solutions Ltd (Registered number: 08786865)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 939 1,395

CURRENT ASSETS
Debtors 5 365,334 411,580
Cash at bank 104,329 77,894
469,663 489,474
CREDITORS
Amounts falling due within one year 6 (67,259 ) (81,987 )
NET CURRENT ASSETS 402,404 407,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,343

408,882

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 403,243 408,782
SHAREHOLDERS' FUNDS 403,343 408,882

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

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

VG Tech Solutions Ltd (Registered number: 08786865)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2025 and were signed on its behalf by:




Mr V Gupta - Director



Mrs T Gupta - Director


VG Tech Solutions Ltd (Registered number: 08786865)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

VG Tech Solutions 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.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

VG Tech Solutions Ltd (Registered number: 08786865)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023 70 3,722 2,421 6,213
Additions - 278 134 412
At 30 November 2024 70 4,000 2,555 6,625
DEPRECIATION
At 1 December 2023 42 3,148 1,628 4,818
Charge for year 14 211 643 868
At 30 November 2024 56 3,359 2,271 5,686
NET BOOK VALUE
At 30 November 2024 14 641 284 939
At 30 November 2023 28 574 793 1,395

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,800 16,200
Other debtors 348,534 395,380
365,334 411,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 252 208
Taxation and social security 65,712 80,566
Other creditors 1,295 1,213
67,259 81,987

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

VG Tech Solutions Ltd (Registered number: 08786865)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr V Gupta
Balance outstanding at start of year 300,326 -
Amounts advanced 73,955 300,326
Amounts repaid (164,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 210,281 300,326

9. RELATED PARTY DISCLOSURES

In previous years the Company lent money to another company with a common director at an interest rate of 0% with no fixed repayment date. At the balance sheet date, the outstanding loans totalled £55,000 (2023: £55,000) and are included within Other Debtors.