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REGISTERED NUMBER: 07544897 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

VILFIN LIMITED

VILFIN LIMITED (REGISTERED NUMBER: 07544897)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VILFIN LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr S Tomkins
Mrs N L Tomkins





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 07544897 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

VILFIN LIMITED (REGISTERED NUMBER: 07544897)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,003 13,433

CURRENT ASSETS
Debtors 5 20,272 1,640
Cash at bank 583 19,272
20,855 20,912
CREDITORS
Amounts falling due within one year 6 13,492 24,026
NET CURRENT ASSETS/(LIABILITIES) 7,363 (3,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,366

10,319

CREDITORS
Amounts falling due after more than one
year

7

19,323

10,004
NET ASSETS 43 315

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 41 313
SHAREHOLDERS' FUNDS 43 315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VILFIN LIMITED (REGISTERED NUMBER: 07544897)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2023 and were signed on its behalf by:





Mr S Tomkins - Director


VILFIN LIMITED (REGISTERED NUMBER: 07544897)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Vilfin Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 25% on cost
Equipment - 25% on cost

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

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

VILFIN LIMITED (REGISTERED NUMBER: 07544897)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Equipment Totals
£    £    £    £   
COST
At 1 April 2022 7,000 6,376 15,958 29,334
Additions - 668 3,313 3,981
At 31 March 2023 7,000 7,044 19,271 33,315
DEPRECIATION
At 1 April 2022 1,400 3,872 10,629 15,901
Charge for year 350 1,761 3,300 5,411
At 31 March 2023 1,750 5,633 13,929 21,312
NET BOOK VALUE
At 31 March 2023 5,250 1,411 5,342 12,003
At 31 March 2022 5,600 2,504 5,329 13,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 6,981 1,640
Other debtors 13,291 -
20,272 1,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 3,001 3,001
Taxation and social security 6,231 9,283
Other creditors 4,260 11,742
13,492 24,026

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 7,073 10,004
Other creditors 12,250 -
19,323 10,004

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 250 -

VILFIN LIMITED (REGISTERED NUMBER: 07544897)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
1 A Ordinary shares £1 1 1
1 B Ordinary shares £1 1 1
2 2

9. RESERVES
Retained
earnings
£   

At 1 April 2022 313
Profit for the year 26,328
Dividends (26,600 )
At 31 March 2023 41

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23 31/3/22
£    £   
Mr S Tomkins
Balance outstanding at start of year - -
Amounts advanced 6,645 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,645 -

Mrs N L Tomkins
Balance outstanding at start of year - -
Amounts advanced 6,645 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,645 -