Vorago Security Limited Accounts

VORAGO SECURITY LIMITED - Company Information






Vorago Security Limited

	Company No. 10969227
		Information for Filing with The Registrar
		30 September 2021

The Director presents his report and the accounts for the year ended 30 September 2021.

Principal activities
The principal activity of the company during the year under review was IT consultancy.




Director

The Director who served at any time during the year was as follows:

D.R. Riley





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D.R. Riley
Director
25 January 2022

at	30 September 2021
Company No.		10969227	Notes	2021	2020
				£	£
Fixed assets

	Tangible assets		4	17,853	10,220


				17,853	10,220
Current assets

	Debtors		5	12,539	20,263

	Cash at bank and in hand			58,427	24,773
				70,966	45,036
Creditors: Amount falling due within one year			6	(44,022)	(27,699)
Net current assets				26,944	17,337
Total assets less current liabilities				44,797	27,557
Creditors: Amounts falling due after more than one year			7	(19,950)	(26,750)
Provisions for liabilities
	Deferred taxation		8	(3,392)	-

Net assets				21,455	807

Capital and reserves
	Called up share capital			103	103



	Profit and loss account		9	21,352	704

Total equity				21,455	807



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 September 2021 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 25 January 2022
And signed on its behalf by:
D.R. Riley
Director
25 January 2022

for the year ended 30 September 2021

General information

Its registered number is: 10969227

Its registered office is:

1 Water Vole Way

Doncaster

DN4 5JP

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33.33% straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are 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 the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required 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	Employees
			2021	2020
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 October 2020	17,078	17,078
		Additions	14,274	14,274



		At 30 September 2021	31,352	31,352
		Depreciation
		At 1 October 2020	6,858	6,858
		Charge for the year	6,641	6,641



		At 30 September 2021	13,499	13,499
		Net book values
		At 30 September 2021	17,853	17,853
		At 30 September 2020	10,220	10,220

5	Debtors
			2021	2020
			£	£
		Trade debtors	8,510	8,697





		Other debtors	-	10,132
		Prepayments and accrued income	4,029	1,434
			12,539	20,263

6	Creditors:
		amounts falling due within one year
			2021	2020
			£	£

		Bank loans and overdrafts	5,123	-


		Trade creditors	595	589

		Corporation tax	20,564	19,888
		Other taxes and social security	15,912	6,685
		Loans from directors	1,350	-
		Other creditors	139	130
		Accruals and deferred income	339	407
			44,022	27,699

7	Creditors:
		amounts falling due after more than one year
			2021	2020
			£	£

		Bank loans and overdrafts	19,950	26,750






			19,950	26,750

8	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£

		Charge to the profit and loss account for the period	3,392	3,392

		At 30 September 2021	3,392	3,392



			2021	2020
			£	£
		Accelerated capital allowances	3,392	-



			3,392	-

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

10	Commitments

		Capital commitments	2021	2020
			£	£


		Other financial commitments
			2021	2020
			£	£




		Pension commitments
		People's Pension

			2021	2020
			£	£
		Unpaid contributions due to the fund are included in other creditors and amounted to:	139	130