Registered number
07775563
VANQUISH GLOBAL TRADING LTD
Filleted Accounts
31 October 2024
VANQUISH GLOBAL TRADING LTD
Registered number: 07775563
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Stocks 33,661 -
Debtors 3 86,350 71,656
Cash at bank and in hand 146 630
120,157 72,286
Creditors: amounts falling due within one year 4 (110,187) (55,134)
Net current assets 9,970 17,152
Total assets less current liabilities 9,970 17,152
Creditors: amounts falling due after more than one year 5 (20,660) (24,087)
Net liabilities (10,690) (6,935)
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,790) (7,035)
Shareholders' funds (10,690) (6,935)
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.
SHEIKH, Waqar Yousuf
Director
Approved by the board on 24 July 2025
VANQUISH GLOBAL TRADING LTD
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors 63,435 47,056
Other debtors 22,915 24,600
86,350 71,656
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - -
Trade creditors 93,078 45,571
Other creditors 17,109 9,563
110,187 55,134
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,660 24,087
6 Other information
VANQUISH GLOBAL TRADING LTD is a private company limited by shares and incorporated in England. Its registered office is:
Amc House
12 Cumberland Avenue
Park Royal
United Kingdom
NW10 7QL
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