REGISTERED NUMBER: 02521138 (England and Wales)

VITESSE ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

2

2

Investments

5

19,534

19,534

19,536

19,536

CURRENT ASSETS

Debtors

6

80,014

48,581

Cash at bank

38,130

33,098

118,144

81,679

CREDITORS

Amounts falling due within one year

7

87,795

39,645

NET CURRENT ASSETS

30,349

42,034

TOTAL ASSETS LESS CURRENT LIABILITIES

49,885

61,570

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

8

48,885

60,570

SHAREHOLDERS' FUNDS

49,885

61,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

Mr N F Fleet - Director

1.	STATUTORY INFORMATION

Vitesse Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02521138

Registered office:

7-8

Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

294

4,079

1,523

5,896

DEPRECIATION

At 1 September 2024

and 31 August 2025

294

4,077

1,523

5,894

NET BOOK VALUE

At 31 August 2025

-

2

-

2

At 31 August 2024

-

2

-

2

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

19,534

NET BOOK VALUE

At 31 August 2025

19,534

At 31 August 2024

19,534

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

58,433

32,990

Other debtors

21,581

15,591

80,014

48,581

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to associates

82,712

34,574

Taxation and social security

5,083

5,071

87,795

39,645

8.

RESERVES

Retained

earnings

£

At 1 September 2024

60,570

Profit for the year

26,315

Dividends

(38,000

)

At 31 August 2025

48,885

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

Mr N F Fleet

Balance outstanding at start of year

15,591

(32,242

)

Amounts advanced

43,990

89,649

Amounts repaid

(38,000

)

(41,816

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,581

15,591

At the year end Mr N.F. Fleet had an outstanding loan of £21,581which was interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £38,000 (2024 - £16,000) were paid to the director .