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Company Registration No. 10812594 (England and Wales)
Vector Engineering Ltd Filleted accounts for the year ended 30 June 2024
Vector Engineering Ltd Filleted accounts Contents
Page
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Vector Engineering Ltd Company Information for the year ended 30 June 2024
Directors
Hiten Mistry Priya Mistry
Company Number
10812594 (England and Wales)
Registered Office
2 Raine Way Oadby Leicester LE2 4UB
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Vector Engineering Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,052 
18,386 
Current assets
Debtors
83,572 
74,502 
Cash at bank and in hand
59,761 
23,208 
143,333 
97,710 
Creditors: amounts falling due within one year
(33,376)
(16,583)
Net current assets
109,957 
81,127 
Total assets less current liabilities
122,009 
99,513 
Creditors: amounts falling due after more than one year
(16,249)
(25,833)
Net assets
105,760 
73,680 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
105,660 
73,580 
Shareholders' funds
105,760 
73,680 
For the year ending 30 June 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 28 March 2025 and were signed on its behalf by
Hiten Mistry Director Company Registration No. 10812594
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Vector Engineering Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Vector Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 10812594. The registered office is 2 Raine Way, Oadby, Leicester, LE2 4UB.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
4 years straight line basis
Fixtures & fittings
4 years straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Vector Engineering Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
2,987 
22,349 
25,336 
At 30 June 2024
2,987 
22,349 
25,336 
Depreciation
At 1 July 2023
1,494 
5,456 
6,950 
Charge for the year
747 
5,587 
6,334 
At 30 June 2024
2,241 
11,043 
13,284 
Net book value
At 30 June 2024
746 
11,306 
12,052 
At 30 June 2023
1,493 
16,893 
18,386 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,398 
7,818 
Amounts due from group undertakings etc.
49,210 
49,210 
Other debtors
15,964 
17,474 
83,572 
74,502 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,529 
9,498 
Taxes and social security
22,111 
6,349 
Accruals
736 
736 
33,376 
16,583 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,249 
25,833 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 A Ordinary shares of £1 each
50 
50 
50 B Ordinary shares of £1 each
50 
50 
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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