VINVIN LIMITED

Company Registration Number:
07702058 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

VINVIN LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

VINVIN LIMITED

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 0 78,191
Total fixed assets: 0 78,191
Current assets
Stocks:   15,381
Debtors: 4 97,724 77,647
Cash at bank and in hand: 11,531 227,032
Total current assets: 109,255 320,060
Creditors: amounts falling due within one year: 5 (108,799) (96,013)
Net current assets (liabilities): 456 224,047
Total assets less current liabilities: 456 302,238
Creditors: amounts falling due after more than one year: 6 (179,167) (229,167)
Provision for liabilities:   (8,360)
Total net assets (liabilities): (178,711) 64,711
Capital and reserves
Called up share capital: 110 110
Profit and loss account: (178,821) 64,601
Shareholders funds: (178,711) 64,711

The notes form part of these financial statements

VINVIN LIMITED

Balance sheet statements

For the year ending 30 November 2021 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 18 August 2022
and signed on behalf of the board by:

Name: M Boldetti
Status: Director

The notes form part of these financial statements

VINVIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

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

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Leasehold Improvements 10% costPlant and Machinery 15% reducing balanceFixtures and Fittings 15% reducing balanceMotor Vehicles 25% reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items.

Other accounting policies

GOVERNMENT GRANTSGovernment grants received under Covid-19 legislation are treated as revenue grants and credited to income, so as to match them with the expenditure to which they relate. They are included in other income in the profit and loss in the period in which they are received.HIRE PURCHASE AND LEASINGRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.PENSION COSTSThe company operates a defines contribution pension scheme, payments to which are charged to profit or loss in the period to which they relate.

VINVIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 22 26

VINVIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible Assets

Total
Cost £
At 01 December 2020 232,339
Additions 31,468
Disposals (263,807)
At 30 November 2021 0
Depreciation
At 01 December 2020 154,148
Charge for year 11,577
On disposals (165,725)
At 30 November 2021 0
Net book value
At 30 November 2021 0
At 30 November 2020 78,191

VINVIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

VINVIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Creditors: amounts falling due within one year note

..............................................................2021...................2020 Bank Borrowings...........................50000...............20833 Trade Creditors................................2822..................15781 Taxation and Social Security.......50194.................42898 Other Creditors................................5783...................16501

VINVIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

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

..............................................................2021.....................2020 Bank Borrowings............................179167...................229167

VINVIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

7. Related party transactions

Name of the related party:
Relationship:
Common control
Description of the Transaction: Amounts owed for net assets
£
Balance at 01 December 2020 49,508
Balance at 30 November 2021 76,063