Vigilant Eagle Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Vigilant Eagle Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01562036 . The registered office is 203 London Road, Hadleigh, Essex, SS7 2RD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when:

the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
the amount of revenue can be measured reliably.
the costs incurred or to be incurred in respect of the tranaction can be measured reliably

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at 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 the management.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	50% straight line
Computer Equipment	50% straight line

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.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

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Vigilant Eagle Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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, like the payment of a trade debt deferred beyond normal business terms or in the case of an out-right short term loan that is not at market rate, 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, unless it qualities as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost usin the effective interest method, less any impairment.

2.8. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9. Provision for liabilities

Provision is made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

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Vigilant Eagle Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	34,872	3,077	14,011	51,960
Additions	-	77	287	364

As at 31 March 2025	34,872	3,154	14,298	52,324

Depreciation
As at 1 April 2024	1,453	3,012	13,340	17,805
Provided during the period	8,354	69	477	8,900

As at 31 March 2025	9,807	3,081	13,817	26,705

Net Book Value
As at 31 March 2025	25,065	73	481	25,619

As at 1 April 2024	33,419	65	671	34,155

5. Stocks

	2025	2024
	£	£
Stock	13,479	6,307

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	201,781	278,439
Prepayments and accrued income	4,825	4,987
Corporation tax recoverable assets	1,415	-

	208,021	283,426

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	35,837	118,819
Bank loans and overdrafts	6,145	6,071
Corporation tax	1,415	1,415
Other taxes and social security	4,819	4,670
VAT	39,596	30,845
Other creditors	1,175	1,738
Accruals and deferred income	7,220	7,108
Director's loan account	43,366	42,919

	139,573	213,585

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Vigilant Eagle Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	30,213	35,918

Of the creditors falling due within and after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	-		5,565

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,000	2,000

10. Pension Commitments

The company operates a defined contribution 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 £55,073

(2024 £3,904)

At the balance sheet date unpaid contributions of £1,170 (2024 £485) were due to the fund. They are included in Other Creditors.

11. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	500	1,000

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 m.eeting

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		25,619		34,155

			25,619		34,155
CURRENT ASSETS
Stocks	5	13,479		6,307
Debtors	6	208,021		283,426
Cash at bank and in hand		167,499		205,085

		388,999		494,818
Creditors: Amounts Falling Due Within One Year	7	(139,573 )		(213,585 )

NET CURRENT ASSETS (LIABILITIES)			249,426		281,233

TOTAL ASSETS LESS CURRENT LIABILITIES			275,045		315,388

Creditors: Amounts Falling Due After More Than One Year	8		(30,213 )		(35,918 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,868 )		(5,154 )

NET ASSETS			239,964		274,316

CAPITAL AND RESERVES
Called up share capital	9		2,000		2,000
Profit and Loss Account			237,964		272,316

SHAREHOLDERS' FUNDS			239,964		274,316