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Company Registration No. 09758105 (England and Wales)
INITIATIVE VORTEX LIMITED Unaudited accounts for the year ended 30 September 2025
INITIATIVE VORTEX LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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INITIATIVE VORTEX LIMITED Company Information for the year ended 30 September 2025
Director
Vadim Nedelin
Company Number
09758105 (England and Wales)
Registered Office
Centurion House London Road Stains-Upon-Thames TW18 4AX United Kingdom
Accountants
BNA Consulting Services Ltd One Kingdom Street Paddington Central London W2 6BD
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INITIATIVE VORTEX LIMITED Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Current assets
Inventories
142,951
142,950
Debtors
4
16,598
16,928
Cash at bank and in hand
17,712
49,766
177,261
209,644
Creditors: amounts falling due within one year
5
(25,718)
(33,532)
Net current assets
151,543
176,112
Net assets
151,543
176,112
Capital and reserves
Called up share capital
6
1
1
Profit and loss account
151,542
176,111
Shareholders' funds
151,543
176,112
For the year ending 30 September 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 25 June 2026 and were signed on its behalf by
Vadim Nedelin Director Company Registration No. 09758105
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INITIATIVE VORTEX LIMITED Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
INITIATIVE VORTEX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09758105. The registered office is Centurion House , London Road, Stains-Upon-Thames, TW18 4AX, United Kingdom.
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.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments. Basic financial assets, which includes debtors, cash and bank balances, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consists a financing transaction, where the transaction is measured at the present valve of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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INITIATIVE VORTEX LIMITED Notes to the Accounts for the year ended 30 September 2025
Taxation
The tax expenses represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further includes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
330
Other debtors
16,598
16,598
16,598
16,928
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
(235)
-
Taxes and social security
(3,487)
4,093
Other creditors
8,202
8,201
Loans from directors
21,238
21,238
25,718
33,532
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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