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REGISTERED NUMBER: SC343767 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

VectorCloud Ltd

VectorCloud Ltd (Registered number: SC343767)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


VectorCloud Ltd (Registered number: SC343767)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 50,964 80,086
Tangible assets 5 110,668 43,627
161,632 123,713

CURRENT ASSETS
Stocks 2,037 3,016
Debtors 6 199,534 222,371
Cash at bank and in hand 72,635 85,782
274,206 311,169
CREDITORS
Amounts falling due within one year 7 (113,054 ) (206,476 )
NET CURRENT ASSETS 161,152 104,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,784

228,406

CREDITORS
Amounts falling due after more than one
year

8

(119,637

)

(60,484

)

PROVISIONS FOR LIABILITIES (19,014 ) -
NET ASSETS 184,133 167,922

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 184,023 167,812
184,133 167,922

VectorCloud Ltd (Registered number: SC343767)

Balance Sheet - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 May 2025 and were signed by:





Mr K J Mitchell - Director


VectorCloud Ltd (Registered number: SC343767)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

VectorCloud Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC343767. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.

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 group companies.

Turnover
Turnover represents net invoiced sales of services in respect of IT support, excluding value added tax. Sales are recognised at the point at which the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets and depreciation
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.
Plant and machinery etc - 33% on cost, 25% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.


VectorCloud Ltd (Registered number: SC343767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

VectorCloud Ltd (Registered number: SC343767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 145,611
AMORTISATION
At 1 April 2024 65,525
Charge for year 29,122
At 31 March 2025 94,647
NET BOOK VALUE
At 31 March 2025 50,964
At 31 March 2024 80,086

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 67,707
Additions 82,000
At 31 March 2025 149,707
DEPRECIATION
At 1 April 2024 24,080
Charge for year 14,959
At 31 March 2025 39,039
NET BOOK VALUE
At 31 March 2025 110,668
At 31 March 2024 43,627

VectorCloud Ltd (Registered number: SC343767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 59,995
Additions 82,000
At 31 March 2025 141,995
DEPRECIATION
At 1 April 2024 19,686
Charge for year 13,494
At 31 March 2025 33,180
NET BOOK VALUE
At 31 March 2025 108,815
At 31 March 2024 40,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 126,369 120,647
Amounts owed by group undertakings 69,247 97,433
Other debtors 3,918 4,291
199,534 222,371

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 3,732 3,732
Hire purchase contracts 13,812 9,096
Trade creditors 31,582 99,207
Taxation and social security 63,696 91,167
Other creditors 232 3,274
113,054 206,476

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 18,159 21,954
Hire purchase contracts 101,478 38,530
119,637 60,484

VectorCloud Ltd (Registered number: SC343767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.25 31.3.24
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,230 14,490

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 115,290 47,626

Hire purchase debts are secured over the assets to which they relate.

10. ULTIMATE PARENT ENTITY

VectorCloud Holdings Ltd is registered in Scotland under registration number SC617181. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.