Company Registration No. 13779550 (England and Wales)
Vanquade Ltd
Unaudited accounts
for the period from 3 December 2021 to 31 December 2022
Vanquade Ltd
Unaudited accounts
Contents
Vanquade Ltd
Company Information
for the period from 3 December 2021 to 31 December 2022
Directors
Jonathan Mcquade
Carrie Vanstone
Clifford Vanstone
Company Number
13779550 (England and Wales)
Registered Office
THE RETREAT
PEN-Y-TURNPIKE ROAD
DINAS POWYS
CF64 4HG
WALES
Accountants
Cadre Advisory Ltd
Embassy Offices, Stangate House
Stanwell Road
Penarth
CF64 2AA
Vanquade Ltd
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
(706)
Creditors: amounts falling due within one year
(43,891)
Net current assets
531,966
Total assets less current liabilities
531,966
Creditors: amounts falling due after more than one year
(534,185)
Profit and loss account
(2,223)
Shareholders' funds
(2,219)
For the period ending 31 December 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 14 September 2023 and were signed on its behalf by
Jonathan Mcquade
Director
Company Registration No. 13779550
Vanquade Ltd
Notes to the Accounts
for the period from 3 December 2021 to 31 December 2022
Vanquade Ltd is a private company, limited by shares, registered in England and Wales, registration number 13779550. The registered office is THE RETREAT, PEN-Y-TURNPIKE ROAD, DINAS POWYS, CF64 4HG, WALES.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The accounts have been prepared on a 'going concern' basis. As of 31 December 2022 the company had a balance sheet deficit of £2,219. The directors and shareholders of the company have confirmed that they will continue to provide financial support to the company whilst the company has a balance sheet deficit and therefore have confirmed in their opinion the company will be a 'going concern' for the foreseeable future and the accounts should therefore be prepared on a 'going concern' basis.
CPS Property Management Limited holds a fixed and floating charge and a negative pledge dated 10 December 2021 over Vanquade Ltd on all monies, obligations and liabilities which may be due to CPS Property Management Limited now and in the future. (charge code 137795500001)
Included in work in progress is an amount of £75,263 of bank loan interest.
Amounts falling due within one year
Vanquade Ltd
Notes to the Accounts
for the period from 3 December 2021 to 31 December 2022
6
Creditors: amounts falling due within one year
2022
Loans from directors
41,671
7
Creditors: amounts falling due after more than one year
2022
8
Average number of employees
During the period the average number of employees was 3.