Company Registration No. 13069278 (England and Wales)
VAGA Europe Limited
Unaudited accounts
for the year ended 31 December 2024
VAGA Europe Limited
Unaudited accounts
Contents
VAGA Europe Limited
Company Information
for the year ended 31 December 2024
Directors
John Mason
Ellis Bland
Paul Edwards
Company Number
13069278 (England and Wales)
Registered Office
FORMER CATON LIBRARY HORNBY ROAD
CATON
LANCASTER
Lancashire
LA2 9QW
ENGLAND
Accountants
Walling Accountants
Unit 1B Hallidays Farm
Bilsborrow
Preston
PR3 0RU
VAGA Europe Limited
Statement of financial position
as at 31 December 2024
Tangible assets
15,407
19,147
Inventories
167,485
56,760
Cash at bank and in hand
52,001
39,601
Creditors: amounts falling due within one year
(140,530)
(51,856)
Net current assets
273,175
47,627
Total assets less current liabilities
288,582
66,774
Creditors: amounts falling due after more than one year
(195,631)
-
Provisions for liabilities
Deferred tax
(2,927)
(3,638)
Called up share capital
100
100
Profit and loss account
89,924
63,036
Shareholders' funds
90,024
63,136
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 19 September 2025 and were signed on its behalf by
John Mason
Director
Company Registration No. 13069278
VAGA Europe Limited
Notes to the Accounts
for the year ended 31 December 2024
VAGA Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 13069278. The registered office is FORMER CATON LIBRARY HORNBY ROAD, CATON, LANCASTER, Lancashire, LA2 9QW, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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.
VAGA Europe Limited
Notes to the Accounts
for the year ended 31 December 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
18,250
2,689
4,405
25,344
At 31 December 2024
18,250
4,305
4,405
26,960
At 1 January 2024
4,731
1,012
454
6,197
Charge for the year
3,380
509
1,467
5,356
At 31 December 2024
8,111
1,521
1,921
11,553
At 31 December 2024
10,139
2,784
2,484
15,407
At 31 December 2023
13,519
1,677
3,951
19,147
Amounts falling due within one year
Accrued income and prepayments
8,392
761
Other debtors
160,619
1,559
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
49,746
17,572
Trade creditors
15,549
5,323
Taxes and social security
27,820
14,644
Loans from directors
3,240
2,925
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).