Vega Systems Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02340549

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,490		7,961

			4,490		7,961
CURRENT ASSETS
Debtors	5	42,792		39,089
Cash at bank and in hand		188,016		229,760

		230,808		268,849
Creditors: Amounts Falling Due Within One Year	6	(6,907 )		(20,756 )

NET CURRENT ASSETS (LIABILITIES)			223,901		248,093

TOTAL ASSETS LESS CURRENT LIABILITIES			228,391		256,054

PROVISIONS FOR LIABILITIES
Deferred Taxation			(853 )		(1,990 )

NET ASSETS			227,538		254,064

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			227,438		253,964

SHAREHOLDERS' FUNDS			227,538		254,064

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Vega Systems Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Prof A G Hessami

Director

18 July 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Vega Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02340549 . The registered office is Flat 2, Langton Court, 45 The Ridgeway, Enfield, Middlesex, EN2 8PD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% reducing balance
Computer Equipment	33% straight line

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Vega Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	3,449	18,389	21,838
Additions	-	1,556	1,556
Disposals	-	(1,282 )	(1,282 )

As at 31 March 2025	3,449	18,663	22,112

Depreciation
As at 1 April 2024	1,320	12,557	13,877
Provided during the period	426	3,746	4,172
Disposals	-	(427 )	(427 )

As at 31 March 2025	1,746	15,876	17,622

Net Book Value
As at 31 March 2025	1,703	2,787	4,490

As at 1 April 2024	2,129	5,832	7,961

5. Debtors

	2025	2024
	£	£
Due within one year
VAT	7,761	746
Director's loan account	35,031	38,343

	42,792	39,089

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	3,846	17,636
Other taxes and social security	876	876
Other creditors	1,435	1,494
Accruals and deferred income	750	750

	6,907	20,756

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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