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Company Registration No. 11952802 (England and Wales)
Vibrant Financial Services Ltd Unaudited accounts for the year ended 30 April 2025
Vibrant Financial Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Vibrant Financial Services Ltd Company Information for the year ended 30 April 2025
Director
S Sinde
Company Number
11952802 (England and Wales)
Registered Office
2b The Pinnacle 156-162 High Road Chadwell Heath Romford RM6 6PN England
Accountants
Insight Accountex Ltd 18 Fuller Road Dagenham Essex RM8 2TT
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Vibrant Financial Services Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,500
9,000
Current assets
Debtors
5
-
5,589
Cash at bank and in hand
180
8
180
5,597
Creditors: amounts falling due within one year
6
(6,779)
(7,335)
Net current liabilities
(6,599)
(1,738)
Total assets less current liabilities
901
7,262
Creditors: amounts falling due after more than one year
7
(4,978)
(4,978)
Net (liabilities)/assets
(4,077)
2,284
Capital and reserves
Called up share capital
1
1
Profit and loss account
(4,078)
2,283
Shareholders' funds
(4,077)
2,284
For the year ending 30 April 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 30 December 2025 and were signed on its behalf by
S Sinde Director Company Registration No. 11952802
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Vibrant Financial Services Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Vibrant Financial Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11952802. The registered office is 2b The Pinnacle 156-162 High Road , Chadwell Heath, Romford, RM6 6PN, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
over 3 years
Turnover
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.
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.
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Vibrant Financial Services Ltd Notes to the Accounts for the year ended 30 April 2025
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.
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 May 2024
15,384
At 30 April 2025
15,384
Depreciation
At 1 May 2024
6,384
Charge for the year
1,500
At 30 April 2025
7,884
Net book value
At 30 April 2025
7,500
At 30 April 2024
9,000
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
-
5,589
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
988
1,195
Taxes and social security
5,791
5,410
Accruals
-
730
6,779
7,335
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
4,978
4,978
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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