| REGISTERED NUMBER: |
| Financial Statements |
| FOR THE PERIOD |
| 1 January 2024 to 30 April 2025 |
| for |
| VANTASTEC LIMITED |
| REGISTERED NUMBER: |
| Financial Statements |
| FOR THE PERIOD |
| 1 January 2024 to 30 April 2025 |
| for |
| VANTASTEC LIMITED |
| VANTASTEC LIMITED (REGISTERED NUMBER: 05718421) |
| Contents of the Financial Statements |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 APRIL 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| VANTASTEC LIMITED |
| Company Information |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 APRIL 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants & |
| Statutory Auditor |
| Fairway House |
| Links Business Park |
| St Mellons, Cardiff |
| CF3 OLT |
| VANTASTEC LIMITED (REGISTERED NUMBER: 05718421) |
| Balance Sheet |
| 30 APRIL 2025 |
| 2025 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 13 |
| SHAREHOLDERS' FUNDS |
| VANTASTEC LIMITED (REGISTERED NUMBER: 05718421) |
| Balance Sheet - continued |
| 30 APRIL 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| VANTASTEC LIMITED (REGISTERED NUMBER: 05718421) |
| Notes to the Financial Statements |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 APRIL 2025 |
| 1. | STATUTORY INFORMATION |
| Vantastec Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Office equipment | - |
| No depreciation is provided in respect of Freehold property. This is not in accordance with FRS 15 'Tangible Fixed Assets'. The Freehold properties held by the company are not being depreciated as their residual values equate to the cost at which they are disclosed in the financial statements. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| VANTASTEC LIMITED (REGISTERED NUMBER: 05718421) |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 APRIL 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period 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 period 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| VANTASTEC LIMITED (REGISTERED NUMBER: 05718421) |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 APRIL 2025 |
| 5. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 31 December 2023 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 30 April 2025 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for period |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 31 December 2023 |
| VANTASTEC LIMITED (REGISTERED NUMBER: 05718421) |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 APRIL 2025 |
| 6. | TANGIBLE FIXED ASSETS - continued |
| Motor | Office |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 30 April 2025 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for period |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 31 December 2023 |
| During the year the Company acquired the freehold premises it operates from and also the properties adjacent to it which are tenanted, |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| Additions |
| At 30 April 2025 |
| DEPRECIATION |
| Charge for period |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| 7. | STOCKS |
| 2025 | 2023 |
| £ | £ |
| Work-in-progress |
| VANTASTEC LIMITED (REGISTERED NUMBER: 05718421) |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 APRIL 2025 |
| 8. | DEBTORS |
| 2025 | 2023 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Prepayments |
| Amounts falling due after more than one year: |
| Due from the EOT | 1,880,500 | 1,606,500 |
| Aggregate amounts |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 904 | - |
| Accruals and deferred income |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 1,645,057 | 1,947,171 |
| VANTASTEC LIMITED (REGISTERED NUMBER: 05718421) |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 APRIL 2025 |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2023 |
| £ | £ |
| Bank loans |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 13. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2024 |
| Profit for the period |
| Dividends | ( |
) |
| At 30 April 2025 |
| 14. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 15. | RELATED PARTY DISCLOSURES |
| During the year the directors sold 51% of their shareholdings to the Vantastec Employee Ownership Trust Limited |
| 16. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party, is the Vantastec Employee Ownership Trust Limited which owns 51% of the shares issued. |