REGISTERED NUMBER: 04389561 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

The VAT People Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I J Atkins

R J McCann

D P Miller

REGISTERED OFFICE:

Trinity House

Newby Road Industrial Estate, Newby Road

Hazel Grove

Stockport

Cheshire

SK7 5DA

REGISTERED NUMBER:

04389561 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

FIXED ASSETS

Tangible assets

4

587

937

Investments

5

1

1

588

938

CURRENT ASSETS

Debtors

6

189,904

300,164

Cash at bank

708,181

831,680

898,085

1,131,844

CREDITORS

Amounts falling due within one year

7

174,844

259,213

NET CURRENT ASSETS

723,241

872,631

TOTAL ASSETS LESS CURRENT LIABILITIES

723,829

873,569

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

723,828

873,568

SHAREHOLDERS' FUNDS

723,829

873,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

I J Atkins - Director

1.	STATUTORY INFORMATION

The VAT People Limited 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

Revenue represents amounts chargeable to clients for professional services provided during the year, excluding value added tax.

Services provided to clients, which at the balance sheet date have not been billed to clients, have been recognised as revenue. Revenue recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Revenue is only recognised where the company has a contractual right to receive consideration for work undertaken.

Revenue not billed to clients is included in debtors as "Amounts recoverable on engagements".

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2024

and 30 November 2025

12,067

20,937

33,004

DEPRECIATION

At 1 December 2024

11,589

20,478

32,067

Charge for year

120

230

350

At 30 November 2025

11,709

20,708

32,417

NET BOOK VALUE

At 30 November 2025

358

229

587

At 30 November 2024

478

459

937

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2024

and 30 November 2025

1

NET BOOK VALUE

At 30 November 2025

1

At 30 November 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

168,195

251,590

Amounts recoverable on contract

13,520

40,904

Deferred tax asset

67

27

Prepayments and accrued income

8,122

7,643

189,904

300,164

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

20,433

35,255

Tax

11,260

47,533

Social security and other taxes

13,040

11,453

VAT

56,738

74,923

Other creditors

69,000

86,250

Directors' loan accounts

873

299

Accrued expenses

3,500

3,500

174,844

259,213

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30th November 2025, the company owed £873 (Nov 2024: £299) to I J Atkins, the director of the company. The balance is interest free and is repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by I J Atkins, a director of the company, by virtue of his 100% shareholding in the company.