Vickery Costs Limited 10307207 true 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is providing legal costs drafting services. Digita Accounts Production Advanced 6.30.9574.0 true true 10307207 2023-09-01 2024-08-31 10307207 2024-08-31 10307207 bus:OrdinaryShareClass1 2024-08-31 10307207 bus:OrdinaryShareClass2 2024-08-31 10307207 core:CurrentFinancialInstruments 2024-08-31 10307207 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10307207 core:FurnitureFittings 2024-08-31 10307207 bus:SmallEntities 2023-09-01 2024-08-31 10307207 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10307207 bus:FilletedAccounts 2023-09-01 2024-08-31 10307207 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10307207 bus:RegisteredOffice 2023-09-01 2024-08-31 10307207 bus:Director1 2023-09-01 2024-08-31 10307207 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10307207 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 10307207 bus:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-08-31 10307207 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10307207 core:FurnitureFittings 2023-09-01 2024-08-31 10307207 core:OfficeEquipment 2023-09-01 2024-08-31 10307207 countries:AllCountries 2023-09-01 2024-08-31 10307207 2023-08-31 10307207 core:FurnitureFittings 2023-08-31 10307207 2022-09-01 2023-08-31 10307207 2023-08-31 10307207 bus:OrdinaryShareClass1 2023-08-31 10307207 bus:OrdinaryShareClass2 2023-08-31 10307207 core:CurrentFinancialInstruments 2023-08-31 10307207 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10307207 core:FurnitureFittings 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10307207

Vickery Costs Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Vickery Costs Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Vickery Costs Limited

Company Information

Director

Mrs M L Vickery

Registered office

10 Sheepscroft
Cepen Park North
Chippenham
Wiltshire
SN14 6YJ

Accountants

Balance Accounts Limited
Chartered Certified Accountants
4 Beau Street
Bath
BA1 1QY

 

Vickery Costs Limited

(Registration number: 10307207)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

387

516

Current assets

 

Debtors

5

-

1,677

Cash at bank and in hand

 

1,844

3,821

 

1,844

5,498

Creditors: Amounts falling due within one year

6

(20,980)

(25,559)

Net current liabilities

 

(19,136)

(20,061)

Total assets less current liabilities

 

(18,749)

(19,545)

Provisions for liabilities

(74)

-

Net liabilities

 

(18,823)

(19,545)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(18,824)

(19,546)

Shareholders' deficit

 

(18,823)

(19,545)

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 May 2025
 

.........................................
Mrs M L Vickery
Director

 

Vickery Costs Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company has ceased trading and these are the final accounts. The company will be wound up after submission.

The address of its registered office is:
10 Sheepscroft
Cepen Park North
Chippenham
Wiltshire
SN14 6YJ
United Kingdom

These financial statements were authorised for issue by the director on 30 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the year end the company had net liabilities of £18,823 (2023 - £19,545) and it was therefore necessary to consider the appropriateness of preparing the accounts under the going concern basis.

During the year the director, M Vickery, made a loan to the company and at the year end the balance due to the director was £18,257 (2023 - £19,646). The director has also confirmed their ongoing support of the company in order to allow it to meet its financial obligations as they fall due.

It is therefore considered appropriate to apply the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Vickery Costs Limited

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

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Vickery Costs Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 1).

 

Vickery Costs Limited

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

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 September 2023

2,309

2,309

At 31 August 2024

2,309

2,309

Depreciation

At 1 September 2023

1,793

1,793

Charge for the year

129

129

At 31 August 2024

1,922

1,922

Carrying amount

At 31 August 2024

387

387

At 31 August 2023

516

516

5

Debtors

Current

2024
£

2023
£

Other debtors

-

1,677

 

-

1,677

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

18,257

19,646

Social security and other taxes

 

-

3,490

Other payables

 

1,163

1,163

Accruals

 

1,560

1,260

 

20,980

25,559

 

Vickery Costs Limited

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £0.01 each

95

1

95

1

Ordinary B of £0.01 each

5

-

5

-

100

1

100

1