Vigil Helmets Ltd - Filleted accounts

Registered number

13656665

Vigil Helmets Ltd

Filleted Accounts for the period ended

31 December 2024

Vigil Helmets Ltd
Registered number:		13656665
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		14,824			16,000

Current assets
Debtors	4	1,067			-
Cash at bank and in hand		35,574			55,873
		36,641			55,873

Creditors: amounts falling due within one year	5	(31,827)			(66,115)

Net current assets/(liabilities)			4,814			(10,242)

Net assets			19,638			5,758

Capital and reserves
Called up share capital			2			1
Share premium			378,873			150,000
Profit and loss account			(359,237)			(144,243)

Shareholders' funds			19,638			5,758

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.




J Woolf
Director
Approved by the board on 24 September 2025

Vigil Helmets Ltd
Notes to the Accounts
for the period from 1 November 2023 to 31 December 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:

	Plant and machinery	over 10 years

	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	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 November 2023				20,000
	Additions				916
	At 31 December 2024				20,916

	Depreciation
	At 1 November 2023				4,000
	Charge for the period				2,092
	At 31 December 2024				6,092

	Net book value
	At 31 December 2024				14,824
	At 31 October 2023				16,000


4	Debtors		2024		2023
£				£

	Other debtors		1,067		-


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		5,770		-
	Taxation and social security costs		1,804		13,712
	Directors current account		7,453		6,729
	Accruals		1,800		1,800
	Other creditors		15,000		43,874
			31,827		66,115


6	Transactions with the director

	As at 31 December 2024, the director J M Woolf had loaned the company £7,453 (2023: £6,729). This balance is included within creditors. The loan is interest-free, unsecured and has no fixed repayment terms.


7	Controlling party

	The ultimate controlling party is J M Woolf who holds 71.27% of the shares, and 96.13% of the voting rights.


8	Other information

	Vigil Helmets Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 1
	1 Old Court Mews
	311 Chase Road
	London
	N14 6JS