Registered number
14418915
VANGUARD PACIFIC LTD
Filleted Accounts
31 October 2024
VANGUARD PACIFIC LTD
Registered number: 14418915
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,187 5,835
Current assets
Stocks 5,150 5,500
Debtors 4 16,791 17,747
Cash at bank and in hand 1,624 3,086
23,565 26,333
Creditors: amounts falling due within one year 5 (16,838) (8,816)
Net current liabilities 6,727 17,517
Net assets 13,914 23,352
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,814 23,252
Shareholder's funds 13,914 23,352
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
SZEYIT CHAN
Director
Approved by the board on 25.07.2025
VANGUARD PACIFIC 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).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 7,293
Additions 3,148
At 31 October 2024 10,441
Depreciation
At 1 November 2023 1,458
Charge for the year 1,796
At 31 October 2024 3,254
Net book value
At 31 October 2024 7,187
At 31 October 2023 5,835
4 Debtors 2024 2023
£ £
Other debtors 16,791 17,747
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,356 2,520
Taxation and social security costs 12,482 6,296
16,838 8,816
6 Other information
VANGUARD PACIFIC LTD is a private company limited by shares and incorporated in England. Its registered office is:
111 High Street
Edgware
Middlesex
HA8 7DB
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