Registered number
08702192
VVU ACCOUNTANTS AND TAX CONSULTANTS LIMITED
Filleted Accounts
30 September 2022
VVU ACCOUNTANTS AND TAX CONSULTANTS LIMITED
Registered number: 08702192
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 7,547 2,755
Investments 4 - 94,057
7,547 96,812
Current assets
Debtors 5 98,405 67,099
Cash at bank and in hand 81,499 32,043
179,904 99,142
Creditors: amounts falling due within one year 6 (31,027) (63,364)
Net current assets 148,877 35,778
Total assets less current liabilities 156,424 132,590
Creditors: amounts falling due after more than one year 7 (28,596) (33,705)
Net assets 127,828 98,885
Capital and reserves
Called up share capital 100 100
Profit and loss account 127,728 98,785
Shareholders' funds 127,828 98,885
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Umang Shah
Director
Approved by the board on 30 September 2023
VVU ACCOUNTANTS AND TAX CONSULTANTS LIMITED
Notes to the Accounts
for the year ended 30 September 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2021 11,583
Additions 6,679
At 30 September 2022 18,262
Depreciation
At 1 October 2021 8,828
Charge for the year 1,887
At 30 September 2022 10,715
Net book value
At 30 September 2022 7,547
At 30 September 2021 2,755
4 Investments
Other
investments
£
Cost
At 1 October 2021 94,057
Disposals (94,057)
At 30 September 2022 -
5 Debtors 2022 2021
£ £
Trade debtors 6,875 3,865
Amounts owed by the company who has a participating interest 91,350 61,350
Other debtors 180 1,884
98,405 67,099
6 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 486 1,260
Corporation tax 23,454 13,098
Other taxes and social security costs 5,245 4,419
Other creditors 1,842 44,587
31,027 63,364
7 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 28,596 33,705
8 Other information
VVU ACCOUNTANTS AND TAX CONSULTANTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Harrow Business Centre
429-433 Pinner Road
North Harrow
Middlesex
HA1 4HN
VVU ACCOUNTANTS AND TAX CONSULTANTS LIMITED 08702192 false 2021-10-01 2022-09-30 2022-09-30 VT Final Accounts April 2022 Mr Umang Shah No description of principal activity 08702192 2020-10-01 2021-09-30 08702192 core:WithinOneYear 2021-09-30 08702192 core:AfterOneYear 2021-09-30 08702192 core:ShareCapital 2021-09-30 08702192 core:RetainedEarningsAccumulatedLosses 2021-09-30 08702192 2021-10-01 2022-09-30 08702192 bus:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 08702192 bus:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 08702192 bus:Director40 2021-10-01 2022-09-30 08702192 1 2021-10-01 2022-09-30 08702192 2 2021-10-01 2022-09-30 08702192 core:PlantMachinery 2021-10-01 2022-09-30 08702192 countries:England 2021-10-01 2022-09-30 08702192 bus:FRS102 2021-10-01 2022-09-30 08702192 bus:FullAccounts 2021-10-01 2022-09-30 08702192 2022-09-30 08702192 core:WithinOneYear 2022-09-30 08702192 core:AfterOneYear 2022-09-30 08702192 core:ShareCapital 2022-09-30 08702192 core:RetainedEarningsAccumulatedLosses 2022-09-30 08702192 core:PlantMachinery 2022-09-30 08702192 core:DisposalsRepaymentsInvestments 2022-09-30 08702192 2021-09-30 08702192 core:PlantMachinery 2021-09-30 iso4217:GBP xbrli:pure