ACCOUNTS - Final Accounts preparation

Registered number: 08797550

D2E INTERNATIONAL VT CONSULTANTS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

D2E INTERNATIONAL VT CONSULTANTS LTD

REGISTERED NUMBER: 08797550

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		Unaudited 2024
Note		£		£

Fixed assets
Tangible assets	4		55,666		43,820
Investments	5		51,000		-
			106,666		43,820
Current assets
Debtors: amounts falling due within one year	6	1,208,983		1,121,069
Cash at bank and in hand		1,281,219		500,958
		2,490,202		1,622,027
Creditors: amounts falling due within one year	7	(978,385)		(755,397)
Net current assets			1,511,817		866,630
Total assets less current liabilities			1,618,483		910,450
Provisions for liabilities
Deferred tax		(10,039)		-
			(10,039)		-
Net assets			1,608,444		910,450

Capital and reserves
Called up share capital	90	90
Capital redemption reserve	10	10
Other reserves	78,415	-
Profit and loss account	1,529,929	910,350
	1,608,444	910,450

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D2E INTERNATIONAL VT CONSULTANTS LTD

REGISTERED NUMBER: 08797550

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 June 2026.

D Hannaford

Director

The notes on pages 4 to 11 form part of these financial statements.

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		D2E INTERNATIONAL VT CONSULTANTS LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Capital redemption reserve	Other reserves	Profit and loss account	Total equity
	£	£	£	£	£
At 1 January 2024 (unaudited)	90	10	-	707,854	707,954
Comprehensive income for the year
Profit for the year	-	-	-	809,996	809,996
Dividends paid	-	-	-	(607,500)	(607,500)

At 1 January 2025 (unaudited)	90	10	-	910,350	910,450
Comprehensive income for the year
Profit for the year	-	-	-	698,329	698,329
Capital contribution	-	-	78,415	-	78,415
Dividend paid	-	-	-	(78,750)	(78,750)
At 31 December 2025	90	10	78,415	1,529,929	1,608,444

The notes on pages 4 to 11 form part of these financial statements.

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D2E INTERNATIONAL VT CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

D2E International VT Consultants Ltd is a private company limited by shares incorporated in England & Wales. The company number is 08797550. The registered office is 180 Borough High Street, London, England, SE1 1LB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

These financial statements present information about the company as an individual undertaking. The company has taken advantage of the exemption to prepare consolidated accounts under Section 405(2) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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D2E INTERNATIONAL VT CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

R&D expenditure credit scheme

Research and Development expenditure credit ('RDEC') is recognised as other income in profit or loss.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

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D2E INTERNATIONAL VT CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Computer equipment	-	25%
				Other fixed assets	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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D2E INTERNATIONAL VT CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties, and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Employees	38	37

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D2E INTERNATIONAL VT CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Computer equipment	Other fixed assets	Total
	£	£	£
Cost or valuation
At 1 January 2025	101,235	-	101,235
Additions	27,423	5,000	32,423
Disposals	(41,612)	-	(41,612)
At 31 December 2025	87,046	5,000	92,046
Depreciation
At 1 January 2025	57,415	-	57,415
Charge for the year	10,767	1,667	12,434
Disposals	(33,469)	-	(33,469)
At 31 December 2025	34,713	1,667	36,380
Net book value
At 31 December 2025	52,333	3,333	55,666
At 31 December 2024	43,820	-	43,820

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	51,000
	At 31 December 2025	51,000

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D2E INTERNATIONAL VT CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	Unaudited 2024
					£	£


Trade debtors	1,121,657	867,966
Other debtors	24,346	92,779
Prepayments and accrued income	62,980	-
Tax recoverable	-	160,324
	1,208,983	1,121,069

7.	Creditors: Amounts falling due within one year
		2025	Unaudited 2024
		£	£

Trade creditors	91,379	66,050
Corporation tax	88,779	-
Other taxation and social security	310,071	281,486
Other creditors	168,606	407,861
Accruals and deferred income	319,550	-
	978,385	755,397

The bank holds a debenture including a fixed and floating charge over various assets of the company.

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D2E INTERNATIONAL VT CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Deferred taxation

		2025
		£

	Charged to profit or loss	(10,039)
	At end of year	(10,039)

The deferred taxation balance is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	(13,917)	-
Short term timing differences	3,878	-
	(10,039)	-

Reserves

Other reserves

During the year, the parent company VDA Holdings, LLC made a capital contribution of £78,415. This amount is considered to be distributable.

Profit and loss account

The profit and loss account is made up of cumulative trading profits and losses of the Company and where the balance is positive, it is considered to be distributable.

10.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £119,390 (2024 - £246,676). Contributions totalling £19,667 (2024 - £13,229) were payable to the fund at the reporting date.

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D2E INTERNATIONAL VT CONSULTANTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

11.

Related party transactions

As at 31 December 2025, the directors were owed £nil (2024 - were owed £103,969) and the balance is included within other creditors.

Consultancy services of £37,916 (2024 - £nil), were provided to the company on behalf of D2E India VT Consultants Private Limited.

The company has taken advantage of the exemption in FRS 102 Section 33 "Related Party Disclosures" from disclosing transactions with other members of the wholly owned group.

12.	Inclusion in group financial statements

The smallest group preparing consolidated financial statements, which include the company is VDA Holdings, LLC. The registered office is 120 Eagle Rock Avenue, Suite 310, NJ 07936.

13.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified
and there were no matters to which the auditor drew attention by way of emphasis. The auditor's report
was signed by Howard Freeman (Senior statutory auditor) for an on behalf of Shorts, 63 Napier Street,
Sheffield, South Yorkshire, S11 8HA.

14.	Controlling party

Enter text here - user input

15.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 23 June 2026 by Howard Freeman BSc FCA (Senior Statutory Auditor) on behalf of Shorts.

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