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REGISTERED NUMBER: 08996662 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

VLS Property Services Ltd

VLS Property Services Ltd (Registered number: 08996662)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VLS Property Services Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mrs V L Grayson-Seller





REGISTERED OFFICE: 145 Coppice Wood Avenue
Yeadon
Leeds
West Yorkshire
LS19 7LQ





REGISTERED NUMBER: 08996662 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

VLS Property Services Ltd (Registered number: 08996662)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,915 12,582

CURRENT ASSETS
Debtors 5 26,197 16,760
Cash at bank 8,819 10,308
35,016 27,068
CREDITORS
Amounts falling due within one year 6 14,702 10,431
NET CURRENT ASSETS 20,314 16,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,229

29,219

CREDITORS
Amounts falling due after more than one year 7 (6,947 ) (9,750 )

PROVISIONS FOR LIABILITIES (1,721 ) (2,391 )
NET ASSETS 21,561 17,078

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 21,551 17,068
21,561 17,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

VLS Property Services Ltd (Registered number: 08996662)

Balance Sheet - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2023 and were signed by:





Mrs V L Grayson-Seller - Director


VLS Property Services Ltd (Registered number: 08996662)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

VLS Property Services 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 comprises the value of sales of services provided on the normal course of business (excluding VAT, similar taxes and trade discounts). Revenue is recognised when the company obtains the right to receive the consideration for services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

VLS Property Services Ltd (Registered number: 08996662)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 4,183 14,990 - 19,173
Additions 130 - 571 701
At 30 April 2023 4,313 14,990 571 19,874
DEPRECIATION
At 1 May 2022 2,843 3,748 - 6,591
Charge for year 368 2,810 190 3,368
At 30 April 2023 3,211 6,558 190 9,959
NET BOOK VALUE
At 30 April 2023 1,102 8,432 381 9,915
At 30 April 2022 1,340 11,242 - 12,582

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 5,766 -
Other debtors 20,431 16,760
26,197 16,760

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 2,944 3,000
Taxation and social security 9,450 5,723
Other creditors 2,308 1,708
14,702 10,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 6,947 9,750

VLS Property Services Ltd (Registered number: 08996662)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
Mrs V L Grayson-Seller
Balance outstanding at start of year - -
Amounts advanced - 31,600
Amounts repaid - (31,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -