VANGUARD FIXINGS LIMITED

VANGUARD FIXINGS LIMITED

VANGUARD FIXINGS LIMITED - Company Information

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VANGUARD FIXINGS LIMITED

Company Registration Number:
00952454 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2020

Period of accounts

Start date: 01 March 2019

End date: 29 February 2020

VANGUARD FIXINGS LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2020

Balance sheet
Notes

VANGUARD FIXINGS LIMITED

Balance sheet

As at 29 February 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 251,592 273,024
Investments: 4 624,000 624,000
Total fixed assets: 875,592 897,024
Current assets
Stocks: 322,464 330,277
Debtors: 5 1,282,210 1,306,919
Cash at bank and in hand: 144,930 317,149
Total current assets: 1,749,604 1,954,345
Creditors: amounts falling due within one year: 6 (2,304,069) (2,578,575)
Net current assets (liabilities): (554,465) (624,230)
Total assets less current liabilities: 321,127 272,794
Creditors: amounts falling due after more than one year: 7 (102,301) (73,412)
Total net assets (liabilities): 218,826 199,382
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 118,826 99,382
Shareholders funds: 218,826 199,382

The notes form part of these financial statements

VANGUARD FIXINGS LIMITED

Balance sheet statements

For the year ending 29 February 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 July 2020
and signed on behalf of the board by:

Name: Shane O'Neill
Status: Director

The notes form part of these financial statements

VANGUARD FIXINGS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VANGUARD FIXINGS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

2. Employees

2020 2019
Average number of employees during the period 20 17

VANGUARD FIXINGS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

3. Tangible Assets

Total
Cost £
At 01 March 2019 569,855
Additions 26,365
At 29 February 2020 596,220
Depreciation
At 01 March 2019 296,831
Charge for year 47,797
At 29 February 2020 344,628
Net book value
At 29 February 2020 251,592
At 28 February 2019 273,024

VANGUARD FIXINGS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

4. Fixed investments

Investments at 28.02.2019 was £624,000 Investments at 29.02.2020 was £624,000

VANGUARD FIXINGS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

5. Debtors

2020 2019
££
Debtors due after more than one year: 1,282,210 1,306,919

VANGUARD FIXINGS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

6. Creditors: amounts falling due within one year note

Payables amounts falling due within one year Bank overdrafts £834,284Net obligations under finance leases and hire purchase contracts £63,368Trade payables £1,048,953Taxation £93,767Directors current accounts £212,543Accruals £51,154

VANGUARD FIXINGS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

7. Creditors: amounts falling due after more than one year note

Payables Amounts falling due after more than one year Finance leases and hire purchase contracts £102,301

VANGUARD FIXINGS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

8. Related party transactions

Name of the related party: Woodall Fastening Systems Ltd
Relationship:
Connected company
Description of the Transaction: The transaction was a loan.
£
Balance at 01 March 2019 104,604
Balance at 29 February 2020 176,624
Name of the related party: Vanguard Storage & Distribution Ltd
Relationship:
Connected company
Description of the Transaction: The transaction was a loan.
£
Balance at 01 March 2019 0
Balance at 29 February 2020 74,300