Company Registration No. 11348249 (England and Wales)
VATEL LTD
Unaudited accounts
for the year ended 31 March 2025
VATEL LTD
Unaudited accounts
Contents
VATEL LTD
Company Information
for the year ended 31 March 2025
Director
Jayeshkumar Devji Harji
Company Number
11348249 (England and Wales)
Registered Office
PADMA VILLA
2 REENGLASS ROAD
STANMORE
HA7 4NT
ENGLAND
VATEL LTD
Statement of financial position
as at 31 March 2025
Inventories
135,000
120,000
Cash at bank and in hand
3,298
22,156
Creditors: amounts falling due within one year
(150,883)
(154,772)
Net current assets
21,912
21,397
Total assets less current liabilities
21,912
21,397
Creditors: amounts falling due after more than one year
(47,269)
(45,088)
Net liabilities
(25,357)
(23,691)
Called up share capital
1,000
1,000
Profit and loss account
(26,357)
(24,691)
Shareholders' funds
(25,357)
(23,691)
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 members have 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 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 and authorised for issue on 31 December 2025 and were signed on its behalf by
Jayeshkumar Devji Harji
Director
Company Registration No. 11348249
VATEL LTD
Notes to the Accounts
for the year ended 31 March 2025
VATEL LTD is a private company, limited by shares, registered in England and Wales, registration number 11348249. The registered office is PADMA VILLA, 2 REENGLASS ROAD, STANMORE, HA7 4NT, 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. 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 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:
Plant & machinery
25% Straight Line
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.
4
Tangible fixed assets
Plant & machinery
VATEL LTD
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
28,403
10,694
Accrued income and prepayments
-
3,073
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
144,363
128,858
Taxes and social security
1,038
-
Other creditors
482
25,914
Loans from directors
5,000
-
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).