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Company Registration No. 11110324 (England and Wales)
Concept VC Limited Unaudited accounts for the year ended 31 December 2024
Concept VC Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Concept VC Limited Company Information for the year ended 31 December 2024
Directors
Reece Chowdhry Jeffrey Chowdhry
Company Number
11110324 (England and Wales)
Registered Office
20 Victoria Street, Westminster London SW1H 0NB United Kingdom
Accountants
Coppersun Accountants Coppersun Suite Cardinal Point Park Road Rickmansworth Hertfordshire WD3 1RE
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Concept VC Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
41,800 
52,250 
Tangible assets
5
26,021 
36,793 
Investments
6
62,442 
22,982 
130,263 
112,025 
Current assets
Debtors
7
594,144 
508,479 
Cash at bank and in hand
161,825 
147,326 
755,969 
655,805 
Creditors: amounts falling due within one year
8
(69,410)
(20,375)
Net current assets
686,559 
635,430 
Net assets
816,822 
747,455 
Capital and reserves
Called up share capital
1,305 
1,244 
Share premium
808,380 
739,794 
Profit and loss account
7,137 
6,417 
Shareholders' funds
816,822 
747,455 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Reece Chowdhry Director Company Registration No. 11110324
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Concept VC Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Concept VC Limited is a private company, limited by shares, registered in England and Wales, registration number 11110324. The registered office is 20 Victoria Street,, Westminster, London, SW1H 0NB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Concept VC Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
55,000 
At 31 December 2024
55,000 
Amortisation
At 1 January 2024
2,750 
Charge for the year
10,450 
At 31 December 2024
13,200 
Net book value
At 31 December 2024
41,800 
At 31 December 2023
52,250 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
18,274 
11,696 
13,695 
43,665 
At 31 December 2024
18,274 
11,696 
13,695 
43,665 
Depreciation
At 1 January 2024
2,873 
1,300 
2,699 
6,872 
Charge for the year
2,873 
5,200 
2,699 
10,772 
At 31 December 2024
5,746 
6,500 
5,398 
17,644 
Net book value
At 31 December 2024
12,528 
5,196 
8,297 
26,021 
At 31 December 2023
15,401 
10,396 
10,996 
36,793 
6
Investments
Other investments 
£ 
Valuation at 1 January 2024
22,982 
Additions
39,460 
Valuation at 31 December 2024
62,442 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
673 
2,846 
Trade debtors
84,016 
77,065 
Accrued income and prepayments
173,373 
28,459 
Other debtors
336,082 
400,109 
594,144 
508,479 
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Concept VC Limited Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
12,508 
Taxes and social security
69,410 
7,867 
69,410 
20,375 
9
Loans to directors
At the year end £85,006 was payable by the director to the company. This balance was repaid by the director on 24th September 2025.
10
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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