Vectis Financial Services Limited
Registered number: | 09064429
Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 4 |  |  | 408 |  |  | 544
Current assets
Debtors | 5 |  | 8,911 |  |  | 4,741
Cash at bank and in hand |  |  | 553,804 |  |  | 510,374
|  |  | 562,715 |  |  | 515,115
Creditors: amounts falling due within one year | 6 |  | (14,171) |  |  | (18,176)
Net current assets |  |  |  | 548,544 |  |  | 496,939
Net assets |  |  |  | 548,952 |  |  | 497,483
Capital and reserves
Called up share capital |  |  |  | 1 |  |  | 1
Profit and loss account |  |  |  | 548,951 |  |  | 497,482
Shareholder's funds |  |  |  | 548,952 |  |  | 497,483
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 G Battram
Director
Approved by the board on 12 February 2026

Vectis Financial Services Limited
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. Turnover includes revenue earned from the rendering of services.
| Intangible fixed assets
| Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
| 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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Goodwill | over 10 years
| Fixtures, fittings, tools and equipment | 25% reducing balance
| 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. 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.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Intangible fixed assets | £
| Goodwill:
| Cost
| At 1 April 2024 | 175,000
| At 31 March 2025 | 175,000
| Amortisation
| At 1 April 2024 | 175,000
| At 31 March 2025 | 175,000
| Net book value
| At 31 March 2025 | -
| Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 April 2024 | 3,283
| At 31 March 2025 | 3,283
| Depreciation
| At 1 April 2024 | 2,739
| Charge for the year | 136
| At 31 March 2025 | 2,875
| Net book value
| At 31 March 2025 | 408
| At 31 March 2024 | 544
5 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 8,911 |  | 4,741
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Corporation tax | 12,500 |  | 17,414
| Other taxes and social security costs | 111 |  | 112
| Other creditors | 1,560 |  | 650
|  |  |  |  |  | 14,171 |  | 18,176
7 | Loans to directors
| Description and conditions | B/fwd | Paid | Repaid | C/fwd
£ | £ | £ | £
| Mr G Battram
|  | (17,336) |  | 22,077 |  | - |  | 4,741
|  | (17,336) |  | 22,077 |  | - |  | 4,741
| The overdrawn balance was repaid within 9 months of the Balance Sheet date.
8 | Other information
| Vectis Financial Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Candlelight Chambers
| 27a High Street
| Shanklin
| Isle of Wight
| PO37 6JW

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