Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2024-01-01falsetrueNo description of principal activity22false SC711298 2024-01-01 2024-12-31 SC711298 2023-01-01 2023-12-31 SC711298 2024-12-31 SC711298 2023-12-31 SC711298 c:Director1 2024-01-01 2024-12-31 SC711298 c:Director2 2024-01-01 2024-12-31 SC711298 c:RegisteredOffice 2024-01-01 2024-12-31 SC711298 d:Buildings 2024-01-01 2024-12-31 SC711298 d:Buildings 2024-12-31 SC711298 d:Buildings 2023-12-31 SC711298 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC711298 d:MotorVehicles 2024-01-01 2024-12-31 SC711298 d:MotorVehicles 2024-12-31 SC711298 d:MotorVehicles 2023-12-31 SC711298 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC711298 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC711298 d:CurrentFinancialInstruments 2024-12-31 SC711298 d:CurrentFinancialInstruments 2023-12-31 SC711298 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC711298 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC711298 d:ShareCapital 2024-12-31 SC711298 d:ShareCapital 2023-12-31 SC711298 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC711298 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC711298 c:OrdinaryShareClass1 2024-01-01 2024-12-31 SC711298 c:OrdinaryShareClass1 2024-12-31 SC711298 c:OrdinaryShareClass1 2023-12-31 SC711298 c:FRS102 2024-01-01 2024-12-31 SC711298 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC711298 c:FullAccounts 2024-01-01 2024-12-31 SC711298 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC711298 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC711298










VECTOR LEISURE LIMITED
Financial Statements
FOR THE Year ENDED 31 DECEMBER 2024

 
VECTOR LEISURE LIMITED
 

COMPANY INFORMATION


Directors
Mr R Smith 
Miss L J White 




Registered number
SC711298



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
VECTOR LEISURE LIMITED
REGISTERED NUMBER: SC711298

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
629,977
620,574

  
629,977
620,574

Current assets
  

Debtors: amounts falling due within one year
 5 
2,847
2,295

Bank and cash balances
  
3,327
18,665

  
6,174
20,960

Creditors: amounts falling due within one year
 6 
(576,888)
(603,421)

Net current liabilities
  
 
 
(570,714)
 
 
(582,461)

Total assets less current liabilities
  
59,263
38,113

  

Net assets
  
59,263
38,113


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
59,163
38,013

  
59,263
38,113


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2025.




Mr R Smith
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
VECTOR LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Vector Leisure Limited is a private company, limited by shares, domiciled in Scotland with the registration number SC711298. The registered office is 14 City Quay, Dundee, DD1 3JA and the principal operating address is 18 Lower Oakfield, Derrybeg, PH16 5DS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Page 2

 
VECTOR LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis: .


Freehold property
-
Not depreciated
Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 3

 
VECTOR LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including the Directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


4.


Tangible fixed assets





Freehold property
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2024
617,762
5,000
622,762


Additions
10,106
-
10,106



At 31 December 2024

627,868
5,000
632,868



Depreciation


At 1 January 2024
-
2,188
2,188


Charge for the year on owned assets
-
703
703



At 31 December 2024

-
2,891
2,891



Net book value



At 31 December 2024
627,868
2,109
629,977



At 31 December 2023
617,762
2,812
620,574

Page 4

 
VECTOR LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
2,847
2,295

2,847
2,295



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
6,033
3,381

Other creditors
568,170
597,770

Accruals and deferred income
2,685
2,270

576,888
603,421



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

At the 31st December 2024, the company owed £268,170 to the directors (2023- £597,770) and £300,000 to another related party (2023- £0). No interest was charged on the loans and there were no fixed repayment terms. 


Page 5