Vekt Ltd |
Registered number: |
08661937 |
Statement of financial position |
as at 31 March 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
3,661 |
|
|
5,955 |
|
Current assets |
Debtors |
4 |
|
1,455 |
|
|
25,033 |
Cash at bank and in hand |
|
|
8,679 |
|
|
(15,417) |
|
|
|
10,134 |
|
|
9,616 |
|
Creditors: amounts falling due within one year |
5 |
|
(11,459) |
|
|
(15,471) |
|
Net current liabilities |
|
|
|
(1,325) |
|
|
(5,855) |
|
Net assets |
|
|
|
2,336 |
|
|
100 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
2,236 |
|
|
- |
|
Shareholders' funds |
|
|
|
2,336 |
|
|
100 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The Director's report and the Statement of Income and Retained Earnings have not been delivered to the Registrar of Companies. |
|
|
|
|
C Richardson |
D Binks |
Director |
Director |
Approved by the board on 23 August 2023 |
|
Vekt Ltd |
Notes to the Financial Statements |
for the year ended 31 March 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 rendering of services providing IT consultancy and is recognised when the service is invoiced. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 3 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements as it is not considered material to the true and fair view of the financial statements. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 April 2022 |
15,825 |
|
Additions |
- |
|
At 31 March 2023 |
15,825 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
9,870 |
|
Charge for the year |
2,294 |
|
At 31 March 2023 |
12,164 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
3,661 |
|
At 31 March 2022 |
5,955 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
- |
|
9,459 |
|
Other debtors |
1,455 |
|
15,574 |
|
|
|
|
|
|
1,455 |
|
25,033 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Taxation and social security costs |
9,779 |
|
13,911 |
|
Other creditors |
1,680 |
|
1,560 |
|
|
|
|
|
|
11,459 |
|
15,471 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Vekt Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
7 Worple Street |
|
London |
|
SW14 8HE |