Vectra Consulting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03766738 (England and Wales)

Financial Statements for the Year Ended 31 May 2020

for

Vectra Consulting Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr S Sivaranjan

REGISTERED OFFICE:

Boswell Cottage

19 South End

South Croydon

Surrey

CR0 1BE

REGISTERED NUMBER:

03766738 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

7,620

340

CURRENT ASSETS

Debtors

5

1,000

-

Cash at bank

22,118

6,245

23,118

6,245

CREDITORS

Amounts falling due within one year

6

12,289

6,759

NET CURRENT ASSETS/(LIABILITIES)

10,829

(514

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,449

(174

)

CREDITORS

Amounts falling due after more than one year

7

17,500

-

NET ASSETS/(LIABILITIES)

949

(174

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

849

(274

)

SHAREHOLDERS' FUNDS

949

(174

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2020 and were signed by:

Mr S Sivaranjan - Director

1.	STATUTORY INFORMATION

Vectra Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2019

7,451

-

7,451

Additions

3,865

5,320

9,185

At 31 May 2020

11,316

5,320

16,636

DEPRECIATION

At 1 June 2019

7,111

-

7,111

Charge for year

841

1,064

1,905

At 31 May 2020

7,952

1,064

9,016

NET BOOK VALUE

At 31 May 2020

3,364

4,256

7,620

At 31 May 2019

340

-

340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Furlough Receivable

1,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Tax

4,418

3,434

Social security and other taxes

(199

)

(88

)

Wages Control

310

-

Directors' current accounts

2,760

3,413

Accrued expenses

5,000

-

12,289

6,759

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans (see note 8)

17,500

-

8.

LOANS

An analysis of the maturity of loans is given below:

31.5.20

31.5.19

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

17,500

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.20

31.5.19

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 June 2019

(274

)

Profit for the year

26,123

Dividends

(25,000

)

At 31 May 2020

849