REGISTERED NUMBER: 03859697 (England and Wales)

VCT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 4 APRIL 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P Simpson

Dr M Benham

Mrs H Ramsey

SECRETARY:

Mrs H Ramsey

REGISTERED OFFICE:

10 Brandize Park

Okehampton

Devon

EX20 1EQ

BUSINESS ADDRESS:

Meadowfields Barn

Midhill Drive

Rowtown

Addlestone

KT15 1HD

REGISTERED NUMBER:

03859697 (England and Wales)

ACCOUNTANTS:

My Business Centre Limited

Jacob's Pool House

11 West Street

Okehampton

Devon

EX20 1HQ

FIXED ASSETS

Tangible assets

4

72,760

43,429

CURRENT ASSETS

Stocks

775,511

571,410

Debtors

391,822

470,097

Cash at bank and in hand

295,780

196,312

1,463,113

1,237,819

CREDITORS

Amounts falling due within one year

373,308

310,718

NET CURRENT ASSETS

1,089,805

927,101

TOTAL ASSETS LESS CURRENT LIABILITIES

1,162,565

970,530

PROVISIONS FOR LIABILITIES

15,088

9,105

NET ASSETS

1,147,477

961,425

CAPITAL AND RESERVES

Called up share capital

200

200

Capital redemption reserve

100

100

Retained earnings

1,147,177

961,125

SHAREHOLDERS' FUNDS

1,147,477

961,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 4 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Dr M Benham - Director

1.	STATUTORY INFORMATION

VCT Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 5 April 2024

311,308

Additions

63,248

Disposals

(430

)

At 4 April 2025

374,126

DEPRECIATION

At 5 April 2024

267,879

Charge for year

33,917

Eliminated on disposal

(430

)

At 4 April 2025

301,366

NET BOOK VALUE

At 4 April 2025

72,760

At 4 April 2024

43,429