Vantage Point Global Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08845830

VANTAGE POINT GLOBAL LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

VANTAGE POINT GLOBAL LTD

BALANCE SHEET

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5	21,434	25,955
Investments	6	973	973
		-------	-------
		22,407	26,928

Current assets

Debtors	7	744,806	1,097,861
Cash at bank and in hand		12,873	25,092
		--------	-----------
		757,679	1,122,953

Creditors: amounts falling due within one year	8	( 1,359,210)		( 1,235,658)
		-----------		-----------
Net current liabilities			( 601,531)		( 112,705)
			--------		--------
Total assets less current liabilities			( 579,124)		( 85,777)

Creditors: amounts falling due after more than one year	9		( 69,445)		( 111,111)

Provisions

Taxation including deferred tax	( 2,276)	81,278
	--------	--------
Net liabilities	( 650,845)	( 115,610)
	--------	--------

Capital and reserves

Called up share capital	10	1,667	1,667
Share premium account		298,982	298,982
Profit and loss account		( 951,494)	( 416,259)
		--------	--------
Total shareholders' funds		( 650,845)	( 115,610)
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

VANTAGE POINT GLOBAL LTD

BALANCE SHEET (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 1 October 2025 , and are signed on behalf of the board by:

M R Rule

Director

Company registration number: 08845830

VANTAGE POINT GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, HP18 0RA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. The impact of COVID-19 has been considered when performing the going concern assessment and that the assessment as stated above remains appropriate.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

The turnover shown in the profit and loss account represents amounts derived from the provision of services provided to clients during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	straight line over the term of the lease
Equipment	-	20% straight line

Investments in subsidiaries

Investments in subsidiaries are accounted for at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables and bank loans and overdrafts, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 50 (2023: 81 ).

5. Tangible assets

	Leasehold improvements	Equipment	Total
	£	£	£
Cost
At 1 January 2024	22,700	58,964	81,664
Additions	–	3,500	3,500
	-------	-------	-------
At 31 December 2024	22,700	62,464	85,164
	-------	-------	-------
Depreciation
At 1 January 2024	22,700	33,009	55,709
Charge for the year	–	8,021	8,021
	-------	-------	-------
At 31 December 2024	22,700	41,030	63,730
	-------	-------	-------
Carrying amount
At 31 December 2024	–	21,434	21,434
	-------	-------	-------
At 31 December 2023	–	25,955	25,955
	-------	-------	-------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	973
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	973
	----
At 31 December 2023	973
	----

7. Debtors

	2024	2023
	£	£
Trade debtors	390,558	565,485
Amounts owed by group undertakings	269,867	295,891
Other debtors	84,381	236,485
	--------	-----------
	744,806	1,097,861
	--------	-----------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	55,596	79,420
Trade creditors	85,558	109,733
Social security and other taxes	246,717	260,616
Other creditors	971,339	785,889
	-----------	-----------
	1,359,210	1,235,658
	-----------	-----------

Bank loans are secured over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	69,445	111,111
	-------	--------

Bank loans are secured over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future.

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 0.001 each	1,666,667	1,667	1,666,667	1,667
	-----------	------	-----------	------

11. Other financial commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £ 159,840 (2023: £ 452,880 ) and relates to a financial commitment for office space.