Aegis Vaults Ltd - Filleted accounts

Registered number

13859360

Aegis Vaults Ltd

Filleted Accounts

31 March 2025

Aegis Vaults Ltd
Registered number:		13859360
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		167,642			124,907

Current assets
Stocks		197,873			134,737
Debtors	4	101,601			57,461
Cash at bank and in hand		52,146			111,085
		351,620			303,283

Creditors: amounts falling due within one year	5	(145,924)			(115,243)

Net current assets			205,696			188,040

Total assets less current liabilities			373,338			312,947

Creditors: amounts falling due after more than one year	6		(108,161)			(171,381)



Net assets			265,177			141,566

Capital and reserves
Called up share capital			100			100
Profit and loss account			265,077			141,466

Shareholder's funds			265,177			141,566

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr A Mohan
Director
Approved by the board on 3 November 2025

Aegis Vaults Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures & Fittings	over 10 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.



	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		6		5


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				143,610
	Additions				63,440
	At 31 March 2025				207,050

	Depreciation
	At 1 April 2024				18,703
	Charge for the year				20,705
	At 31 March 2025				39,408

	Net book value
	At 31 March 2025				167,642
	At 31 March 2024				124,907


4	Debtors		2025		2024
£				£

	Trade debtors		66,105		31,997
	Other debtors		35,496		25,464
			101,601		57,461






5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		14,438		-
	Trade creditors		774		8,174
	Taxation and social security costs		47,697		22,161
	Other creditors		83,015		84,908
			145,924		115,243


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Other creditors		108,161		171,381


7	Other information

	Aegis Vaults Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	14-18 City Road
	Cardiff
	CF24 3DL