Registered number
05982289
SA Vortex Limited
Filleted Accounts
31 October 2024
SA Vortex Limited
Registered number: 05982289
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 20,726 25,907
Tangible assets 4 24,765 33,020
45,491 58,927
Current assets
Stocks 63,115 27,976
Debtors 5 13,141 61,989
Cash at bank and in hand 62,262 115,985
138,518 205,950
Creditors: amounts falling due within one year 6 (31,516) (199,438)
Net current assets 107,002 6,512
Total assets less current liabilities 152,493 65,439
Creditors: amounts falling due after more than one year 7 (454,578) (395,058)
Net liabilities (302,085) (329,619)
Capital and reserves
Called up share capital 11,187 9,916
Share premium 2,598,570 2,067,105
Profit and loss account (2,911,842) (2,406,640)
Shareholders' funds (302,085) (329,619)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Syed Ahmed
Director
Approved by the board on 25 March 2025
SA Vortex Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25 % Reducing balance
Fixtures, fittings, tools and equipment 25 % Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Cost
At 1 November 2023 135,017
At 31 October 2024 135,017
Amortisation
At 1 November 2023 109,110
Provided during the year 5,181
At 31 October 2024 114,291
Net book value
At 31 October 2024 20,726
At 31 October 2023 25,907
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 118,589
At 31 October 2024 118,589
Depreciation
At 1 November 2023 85,569
Charge for the year 8,255
At 31 October 2024 93,824
Net book value
At 31 October 2024 24,765
At 31 October 2023 33,020
5 Debtors 2024 2023
£ £
Trade debtors 2,438 52,790
Other debtors 10,703 9,199
13,141 61,989
6 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,975 1,975
Director's loan account 5,354 151,906
Trade creditors 21,940 33,784
Taxation and social security costs 2,247 11,773
31,516 199,438
7 Creditors: amounts falling due after one year 2024 2023
£ £
Director's Loan Account 211,567 145,184
Trade creditors 214,000 214,000
Other creditors 29,011 35,874
454,578 395,058
8 Other information
SA Vortex Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O UKMAL
Unit 7
3-5 little Somerset Street
London
E1 8AH
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