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REGISTERED NUMBER: 09637519 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

VANTAGE ACCOUNTING SERVICES LIMITED

VANTAGE ACCOUNTING SERVICES LIMITED (REGISTERED NUMBE

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VANTAGE ACCOUNTING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S J Holland
D J Mepham
R B Stilwell





REGISTERED OFFICE: 1 Cedar Office Park
Cobham Road
Wimborne
Dorset
BH21 7SB





REGISTERED NUMBER: 09637519 (England and Wales)





AUDITORS: Carter & Coley Limited
Chartered Accountants and Statutory Auditor
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

VANTAGE ACCOUNTING SERVICES LIMITED (REGISTERED NUMBE

BALANCE SHEET
30 JUNE 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 249,056 419,595
Tangible assets 5 64,689 87,497
313,745 507,092

CURRENT ASSETS
Debtors 6 94,913 113,378
Cash at bank 106,211 146,311
201,124 259,689
CREDITORS
Amounts falling due within one year 7 323,893 380,512
NET CURRENT LIABILITIES (122,769 ) (120,823 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,976

386,269

CREDITORS
Amounts falling due after more than one
year

8

52,082

159,910
NET ASSETS 138,894 226,359

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 138,794 226,259
138,894 226,359

VANTAGE ACCOUNTING SERVICES LIMITED (REGISTERED NUMBE

BALANCE SHEET - continued
30 JUNE 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 26 March 2025 and were signed on its behalf by:





D J Mepham - Director


VANTAGE ACCOUNTING SERVICES LIMITED (REGISTERED NUMBE

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


1. STATUTORY INFORMATION

Vantage Accounting Services 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 amounts paid in connection with the acquisition of fees is initially being amortised at a rate of 25% reducing balance for the first 5 years with the remainder being amortised on a straight line basis over the remaining useful life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recognised at cost.

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.

VANTAGE ACCOUNTING SERVICES LIMITED (REGISTERED NUMBE

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


2. ACCOUNTING POLICIES - continued

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 15 ) .

VANTAGE ACCOUNTING SERVICES LIMITED (REGISTERED NUMBE

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023 623,528
Disposals (107,769 )
At 30 June 2024 515,759
AMORTISATION
At 1 July 2023 203,933
Amortisation for year 62,770
At 30 June 2024 266,703
NET BOOK VALUE
At 30 June 2024 249,056
At 30 June 2023 419,595

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 124,812 3,319 128,131
Additions 958 - 958
Disposals (958 ) (1,574 ) (2,532 )
At 30 June 2024 124,812 1,745 126,557
DEPRECIATION
At 1 July 2023 39,046 1,588 40,634
Charge for year 21,441 122 21,563
Eliminated on disposal - (329 ) (329 )
At 30 June 2024 60,487 1,381 61,868
NET BOOK VALUE
At 30 June 2024 64,325 364 64,689
At 30 June 2023 85,766 1,731 87,497

VANTAGE ACCOUNTING SERVICES LIMITED (REGISTERED NUMBE

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 124,812
DEPRECIATION
At 1 July 2023 39,046
Charge for year 21,441
At 30 June 2024 60,487
NET BOOK VALUE
At 30 June 2024 64,325
At 30 June 2023 85,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 83,256 99,849
Amounts owed by group undertakings 295 -
Amounts recoverable on contract 4,900 -
Other debtors 6,462 13,529
94,913 113,378

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 38,684 6,058
Trade creditors 28,750 22,625
Amounts owed to group undertakings 148,284 154,629
Taxation and social security 99,807 110,511
Other creditors 8,368 86,689
323,893 380,512

VANTAGE ACCOUNTING SERVICES LIMITED (REGISTERED NUMBE

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 52,082 91,435
Other creditors - 68,475
52,082 159,910

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Hire purchase contracts 90,766 97,493

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Clark FCA (Senior Statutory Auditor)
for and on behalf of Carter & Coley Limited

11. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12. ULTIMATE PARENT COMPANY

In the opinion of the directors, the company's ultimate parent company throughout the current and previous period was The Affinity Professional Services Group Limited, a company registered in England and Wales with company number 09636263.