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REGISTERED NUMBER: 06359204 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Vanquish Financial Consultants Limited

Vanquish Financial Consultants Limited (Registered number: 06359204)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vanquish Financial Consultants Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P Marriott
Mrs J Marriott





SECRETARY: P Marriott





REGISTERED OFFICE: 10 Eagleton Drive
High Green
Sheffield
South Yorkshire
S35 4DS





REGISTERED NUMBER: 06359204 (England and Wales)





ACCOUNTANT: L Green & Co
Chartered Certified Accountants
Unit 7 Shaw Wood Way
Doncaster
South Yorkshire
DN2 5TB

Vanquish Financial Consultants Limited (Registered number: 06359204)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 13 13
14 14

CURRENT ASSETS
Debtors 6 27,625 32,031
Cash at bank and in hand 5,133 5,116
32,758 37,147
CREDITORS
Amounts falling due within one year 7 42,773 28,914
NET CURRENT (LIABILITIES)/ASSETS (10,015 ) 8,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,001

)

8,247

CREDITORS
Amounts falling due after more than one
year

8

4,240

5,091
NET (LIABILITIES)/ASSETS (14,241 ) 3,156

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (14,243 ) 3,154
SHAREHOLDERS' FUNDS (14,241 ) 3,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Vanquish Financial Consultants Limited (Registered number: 06359204)

Balance Sheet - continued
31 August 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 19 May 2025 and were signed on its behalf by:




P Marriott - Director



Mrs J Marriott - Director


Vanquish Financial Consultants Limited (Registered number: 06359204)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Vanquish Financial Consultants 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.

The accounts have been prepared under the historical cost convention, however, this is dependent on the continued support of the company's creditors. If this support is withdrawn then the accounts would need to be restated.

Turnover
Turnover represents commissions received for new and ongoing mortgage, insurance and investment policies taken out, along with fixed fees for the arrangement of new policies. It is adjusted for an element of clawbacks taken and provided for.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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.
Office equipment - 15% on 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.


Vanquish Financial Consultants Limited (Registered number: 06359204)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 70,000
AMORTISATION
At 1 September 2023
and 31 August 2024 69,999
NET BOOK VALUE
At 31 August 2024 1
At 31 August 2023 1

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 September 2023
and 31 August 2024 2,688
DEPRECIATION
At 1 September 2023
and 31 August 2024 2,675
NET BOOK VALUE
At 31 August 2024 13
At 31 August 2023 13

Vanquish Financial Consultants Limited (Registered number: 06359204)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Accounts receivable 23,807 28,213
Other debtors 3,818 3,818
27,625 32,031

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 946 946
Trade creditors 1 1
Tax 20,390 20,390
Directors' current accounts 15,620 2,290
Accrued expenses 5,816 5,287
42,773 28,914

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 946 946
Bank loans - 2-5 years 2,837 2,837
Bank loans more 5 yr by instal 457 1,308
4,240 5,091

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 457 1,308

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
P Marriott and Mrs J Marriott
Balance outstanding at start of year (2,290 ) 7,403
Amounts advanced 18,407 15,447
Amounts repaid (31,737 ) (25,140 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,620 ) (2,290 )

Vanquish Financial Consultants Limited (Registered number: 06359204)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr & Mrs Marriott during the current and prior year.