IRIS Accounts Production v25.1.3.33 10680588 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106805882024-03-31106805882025-03-31106805882024-04-012025-03-31106805882023-03-31106805882023-04-012024-03-31106805882024-03-3110680588ns15:EnglandWales2024-04-012025-03-3110680588ns14:PoundSterling2024-04-012025-03-3110680588ns10:Director12024-04-012025-03-3110680588ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3110680588ns10:SmallEntities2024-04-012025-03-3110680588ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3110680588ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3110680588ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3110680588ns10:FullAccounts2024-04-012025-03-3110680588ns10:CompanySecretary12024-04-012025-03-3110680588ns10:RegisteredOffice2024-04-012025-03-3110680588ns5:CurrentFinancialInstruments2025-03-3110680588ns5:CurrentFinancialInstruments2024-03-3110680588ns5:Non-currentFinancialInstruments2025-03-3110680588ns5:Non-currentFinancialInstruments2024-03-3110680588ns5:ShareCapital2025-03-3110680588ns5:ShareCapital2024-03-3110680588ns5:RetainedEarningsAccumulatedLosses2025-03-3110680588ns5:RetainedEarningsAccumulatedLosses2024-03-3110680588ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3110680588ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31106805881ns10:Director12024-03-31106805881ns10:Director12023-03-31106805881ns10:Director12024-04-012025-03-31106805881ns10:Director12023-04-012024-03-31106805881ns10:Director12025-03-31106805881ns10:Director12024-03-31
REGISTERED NUMBER: 10680588 (England and Wales)




















Vekta Group Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025






Vekta Group Limited (Registered number: 10680588)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vekta Group Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: C B J Balderston





SECRETARY: A M Balderston





REGISTERED OFFICE: 17 Walkergate
Berwick-Upon-Tweed
Northumberland
TD15 1DJ





REGISTERED NUMBER: 10680588 (England and Wales)





ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT

Vekta Group Limited (Registered number: 10680588)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 4 79,997 125,126
Cash at bank 2,542 4,808
82,539 129,934
CREDITORS
Amounts falling due within one year 5 34,160 55,925
NET CURRENT ASSETS 48,379 74,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,379

74,009

CREDITORS
Amounts falling due after more than
one year

6

33,391

66,216
NET ASSETS 14,988 7,793

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,888 7,693
14,988 7,793

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.

Vekta Group Limited (Registered number: 10680588)

Balance Sheet - continued
31 March 2025


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 28 May 2025 and were signed by:





C B J Balderston - Director


Vekta Group Limited (Registered number: 10680588)

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

1. STATUTORY INFORMATION

Vekta Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Vekta Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable from consultancy activities, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Vekta Group Limited (Registered number: 10680588)

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

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. The directors' going concern assessment includes a review of the expected support from it creditors and the director.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Related party transactions
Vekta Group Limited owns 43.54% of the share capital in Vekta Group Energy Division Limited. During the year the company provided services of £6,000 (2024: £6,000). Included in debtors at there was a balance due from Vekta Group Energy Division Limited of £20,190 (2024: £65,581).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 20,190 65,581
Other debtors 59,807 59,545
79,997 125,126

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 32,042 31,786
Trade creditors 8 7
Taxation and social security 680 22,932
Other creditors 1,430 1,200
34,160 55,925

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 33,391 66,216

Vekta Group Limited (Registered number: 10680588)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
C B J Balderston
Balance outstanding at start of year 44,280 43,575
Amounts advanced 993 1,017
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,961 44,280

This loan is unsecured and has no set repayment date. Interest is being calculated annually at 2.25%.

8. SECURITY

A floating charge was created on 8 July 2021 in favour of HSBC UK Bank PLC over all properties of the company.