REGISTERED NUMBER: 09337284 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

VDC GROUP TRADING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A. Bedi

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

09337284 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

76,343

89,816

Investments

6

99,062

100,200

175,405

190,016

CURRENT ASSETS

Debtors

7

2,684,026

2,685,016

Cash at bank and in hand

3,916,389

3,703,684

6,600,415

6,388,700

CREDITORS

Amounts falling due within one year

8

(925,658

)

(1,147,388

)

NET CURRENT ASSETS

5,674,757

5,241,312

TOTAL ASSETS LESS CURRENT LIABILITIES

5,850,162

5,431,328

PROVISIONS FOR LIABILITIES

9

(19,086

)

(22,454

)

NET ASSETS

5,831,076

5,408,874

CAPITAL AND RESERVES

Called up share capital

1,160

800

Retained earnings

5,829,916

5,408,074

SHAREHOLDERS' FUNDS

5,831,076

5,408,874

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 director acknowledges his 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 director and authorised for issue on 8 July 2025 and were signed by:

Mr A. Bedi - Director

1.	STATUTORY INFORMATION

VDC Group Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods provided in the normal course of business net of discounts and VAT. The company recognises revenue at the point of sale.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of one years.

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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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 year was 12 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

10,000

AMORTISATION

At 1 January 2024

and 31 December 2024

10,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

237,776

66,693

304,469

DEPRECIATION

At 1 January 2024

173,913

40,740

214,653

Charge for year

9,580

3,893

13,473

At 31 December 2024

183,493

44,633

228,126

NET BOOK VALUE

At 31 December 2024

54,283

22,060

76,343

At 31 December 2023

63,863

25,953

89,816

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

200

100,000

100,200

Disposals

-

(1,138

)

(1,138

)

At 31 December 2024

200

98,862

99,062

NET BOOK VALUE

At 31 December 2024

200

98,862

99,062

At 31 December 2023

200

100,000

100,200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

1,577,207

1,635,708

Amounts owed by related companies

1,092,016

1,035,667

Other debtors

14,803

13,641

2,684,026

2,685,016

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

9,608

-

Trade creditors

380,353

616,737

Amounts owed by related companies

25,715

-

Taxation and social security

427,546

428,173

Other creditors

82,436

102,478

925,658

1,147,388

9.	PROVISIONS FOR LIABILITIES

31/12/24

31/12/23

£

£

Deferred tax

Accelerated capital allowances

19,086

22,454

Deferred

tax

£

Balance at 1 January 2024

22,454

Provided during year

(3,368

)

Balance at 31 December 2024

19,086

10.	RELATED PARTY DISCLOSURES

An amount of £1,082,492 (2023: £1,024,492) included in debtors is owed by Bedico Limited where Mr

Bedi owns 100% of the voting share capital.