Registered number
07492678
Eastern Vibes Production Limited
Filleted Accounts
31 January 2023
Eastern Vibes Production Limited
Registered number: 07492678
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,392 -
Current assets
Debtors 4 34,381 73,922
Cash at bank and in hand 129,304 11,941
163,685 85,863
Creditors: amounts falling due within one year 5 (193,863) (27,447)
Net current (liabilities)/assets (30,178) 58,416
Total assets less current liabilities (28,786) 58,416
Creditors: amounts falling due after more than one year 6 (16,339) (21,000)
Net (liabilities)/assets (45,125) 37,416
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (46,125) 36,416
Shareholders' funds (45,125) 37,416
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.
Cyrus Patel
Director
Approved by the board on 22 October 2023
Eastern Vibes Production Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,740
At 31 January 2023 1,740
Depreciation
Charge for the year 348
At 31 January 2023 348
Net book value
At 31 January 2023 1,392
4 Debtors 2023 2022
£ £
Trade debtors 34,381 3,922
Other debtors - 70,000
34,381 73,922
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 14,405 2,000
Directors loans 147,104 2,966
Taxation and social security costs (8,096) 21,468
Other creditors 40,450 1,013
193,863 27,447
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bounce Back loan 16,339 21,000
7 Other information
Eastern Vibes Production Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite F
1-3 Canfield Place
London
NW6 3BT
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