REGISTERED NUMBER: 13362819 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

Vault4 Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

114,622

102,841

Tangible assets

5

455,536

12,742

Investments

6

102

102

570,260

115,685

CURRENT ASSETS

Debtors

7

284,019

168,259

Cash at bank

76,436

35,005

360,455

203,264

CREDITORS

Amounts falling due within one year

8

236,887

269,829

NET CURRENT ASSETS/(LIABILITIES)

123,568

(66,565

)

TOTAL ASSETS LESS CURRENT LIABILITIES

693,828

49,120

CREDITORS

Amounts falling due after more than one year

9

(448,510

)

-

PROVISIONS FOR LIABILITIES

(29,457

)

(28,896

)

NET ASSETS

215,861

20,224

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

215,760

20,123

SHAREHOLDERS' FUNDS

215,861

20,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Mr M Atkinson - Director

1.	STATUTORY INFORMATION

Vault4 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13362819

Registered office:

Unit B

6 Oldham Road

Ancoats

M4 5DB

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Vault4 Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitles to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

NIL % per annum

Improvements to property

-

10% on cost

Plant and machinery

-

33% on cost

Motor vehicles

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development

Expenditure on research is expensed, and development costs are capitalised in the year in which they are incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 April 2024

148,755

Additions

40,111

At 31 December 2024

188,866

AMORTISATION

At 1 April 2024

45,914

Amortisation for period

28,330

At 31 December 2024

74,244

NET BOOK VALUE

At 31 December 2024

114,622

At 31 March 2024

102,841

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

-

-

9,570

9,500

19,070

Additions

440,723

11,607

528

-

452,858

Disposals

-

-

-

(9,500

)

(9,500

)

At 31 December 2024

440,723

11,607

10,098

-

462,428

DEPRECIATION

At 1 April 2024

-

-

3,496

2,832

6,328

Charge for period

-

871

2,525

-

3,396

Eliminated on disposal

-

-

-

(2,832

)

(2,832

)

At 31 December 2024

-

871

6,021

-

6,892

NET BOOK VALUE

At 31 December 2024

440,723

10,736

4,077

-

455,536

At 31 March 2024

-

-

6,074

6,668

12,742

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 December 2024

102

NET BOOK VALUE

At 31 December 2024

102

At 31 March 2024

102

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Amounts owed by group undertakings

45,019

45,019

Other debtors

239,000

123,240

284,019

168,259

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Amounts owed to group undertakings

75,000

154,835

Taxation and social security

107,352

111,251

Other creditors

54,535

3,743

236,887

269,829

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2024

£

£

Amounts owed to group undertakings

241,971

-

Other creditors

206,539

-

448,510

-

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2024 and the year ended 31 March 2024:

2024

2024

£

£

Mr M Atkinson

Balance outstanding at start of period

7,796

10,499

Amounts advanced

1,634

3,796

Amounts repaid

(1,347

)

(6,499

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

8,083

7,796

Mr S M Chesters

Balance outstanding at start of period

43,833

32,604

Amounts advanced

84,136

17,066

Amounts repaid

(29,372

)

(5,837

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

98,597

43,833