REGISTERED NUMBER: 02963603 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VANTAGE PRODUCTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Gleghorn

C L Brander

SECRETARY:

C L Brander

REGISTERED OFFICE:

The Die Pat Centre

Broad March

Daventry

Northamptonshire

NN11 4HE

REGISTERED NUMBER:

02963603 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Tangible assets

3

129,354

173,418

CURRENT ASSETS

Stocks

4

106,236

159,505

Debtors

5

386,591

328,093

Cash at bank

23,761

38,979

516,588

526,577

CREDITORS

Amounts falling due within one year

6

128,173

93,831

NET CURRENT ASSETS

388,415

432,746

TOTAL ASSETS LESS CURRENT LIABILITIES

517,769

606,164

CREDITORS

Amounts falling due after more than one year

7

(67,602

)

(105,042

)

PROVISIONS FOR LIABILITIES

(34,175

)

(43,268

)

NET ASSETS

415,992

457,854

CAPITAL AND RESERVES

Called up share capital

9

5,000

5,000

Retained earnings

410,992

452,854

SHAREHOLDERS' FUNDS

415,992

457,854

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2025 and were signed on its behalf by:

C L Brander - Director

1.	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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Current and deferred tax

Current tax, including UK corporation tax, is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and it results as stated in the financial statements that arise from inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are only recognised 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 expended to apply to the reversal of the timing differences.

Where items recognised in other comprehensive income and equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

257,237

DEPRECIATION

At 1 January 2024

83,819

Charge for year

44,064

At 31 December 2024

127,883

NET BOOK VALUE

At 31 December 2024

129,354

At 31 December 2023

173,418

4.

STOCKS

2024

2023

£

£

Stocks

106,236

159,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

51,180

69,885

Amounts owed by group undertakings

329,369

255,015

Other debtors

6,042

3,193

386,591

328,093

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

15,834

25,834

Hire purchase contracts

37,440

37,440

Trade creditors

56,296

22,311

Taxation and social security

13,658

-

Other creditors

4,945

8,246

128,173

93,831

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

67,602

105,042

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

15,834

25,834

Hire purchase contracts

105,042

142,482

120,876

168,316

Bank loans are secured by way of a guarantee, provided by Die-Pat Holdings Limited.

Hire purchase liabilities are secured over the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

5,000

Ordinary

£1

5,000

5,000

10.	PARENT UNDERTAKINGS

The immediate parent undertaking is Die-Pat Holdings Ltd.

The ultimate parent undertaking is Brander-Gleghorn Holdings Ltd.