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Registered Number: 10543307
England and Wales

 

 

 

V STAR LONDON LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022
Report to the directors on the preparation of the unaudited statutory accounts of V Star London Ltd for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of V Star London Ltd for the year ended 31 December 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of V Star London Ltd, as a body, in accordance with the terms of our engagement letter dated 30 September 2023 . Our work has been undertaken solely to prepare for your approval the accounts of V Star London Ltd and state those matters that we have agreed to state to the Board of Directors of V Star London Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than V Star London Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that V Star London Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of V Star London Ltd.You consider that V Star London Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of V Star London Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 December 2022.



....................................................
NF Financial Solutions Ltd
29
Frensham Close
Southall
UB1 2YF
30 September 2023
1
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Tangible fixed assets 3 1,378    1,681 
1,378    1,681 
Current assets      
Stocks 88,750    82,750 
Debtors: amounts falling due within one year 26,614    7,449 
Cash at bank and in hand 53,255    24,458 
168,619    114,657 
Creditors: amount falling due within one year (55,730)   (7,037)
Net current assets 112,889    107,620 
 
Total assets less current liabilities 114,267    109,301 
Creditors: amount falling due after more than one year (96,099)   (98,973)
Net assets 18,168    10,328 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 18,068    10,228 
Shareholder's funds 18,168    10,328 
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 September 2023 and were signed on its behalf by:


-------------------------------
Sabanathan Jeyapragash
Director
2
General Information
V Star London Ltd is a private company, limited by shares, registered in England and Wales, registration number 10543307, registration address 58 Guardian Way, Luton, LU1 1BU .

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 18% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2021 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 January 2022 2,500    2,500 
Additions  
Disposals  
At 31 December 2022 2,500    2,500 
Depreciation
At 01 January 2022 819    819 
Charge for year 303    303 
On disposals  
At 31 December 2022 1,122    1,122 
Net book values
Closing balance as at 31 December 2022 1,378    1,378 
Opening balance as at 01 January 2022 1,681    1,681 


4.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2022
£
  2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

3