Registered number
07503330
Vanassibara Limited
Filleted Accounts
31 January 2023
Vanassibara Limited
Registered number: 07503330
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,837 1,813
Tangible assets 4 1,361 -
3,198 1,813
Current assets
Stocks 38,296 31,097
Debtors 5 1,809 3,308
Cash at bank and in hand 7,300 2,098
47,405 36,503
Creditors: amounts falling due within one year 6 (21,333) (14,942)
Net current assets 26,072 21,561
Total assets less current liabilities 29,270 23,374
Creditors: amounts falling due after more than one year 7 (13,506) (15,486)
Net assets 15,764 7,888
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 5,764 (2,112)
Shareholders' funds 15,764 7,888
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.
Gotzon Ibarra
Director
Approved by the board on 23 October 2023
Vanassibara Limited
Notes to the Accounts
for the year ended 31 January 2023
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Cost
At 1 February 2022 4,780
Additions 294
At 31 January 2023 5,074
Amortisation
At 1 February 2022 2,967
Provided during the year 270
At 31 January 2023 3,237
Net book value
At 31 January 2023 1,837
At 31 January 2022 1,813
Intangible assets are being written off in equal annual instalments over their estimated economic life.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 541 118 659
Additions 2,123 475 2,598
At 31 January 2023 2,664 593 3,257
Depreciation
At 1 February 2022 541 118 659
Charge for the year 1,068 169 1,237
At 31 January 2023 1,609 287 1,896
Net book value
At 31 January 2023 1,055 306 1,361
5 Debtors 2023 2022
£ £
Trade debtors 1,451 2,251
Prepayments 20 585
Other debtors 338 472
1,809 3,308
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,364 -
Trade creditors - 706
Taxation and social security costs 1,875 2,464
Other creditors 14,094 11,772
21,333 14,942
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,525 9,300
Trade creditors 4,981 6,186
13,506 15,486
8 Other information
Vanassibara Limited is a private company limited by shares and incorporated in England. Its registered office is:
43 Berkeley Square
London
England
W1J 5FJ
9 Directors' advances, credits and guarantees
At 1 February 2022 the director, Mr G Ibarra, was owed £11,606 by the company. During the year there were advances of £2,012. At 31 January 2023 the balance owed to the director was £13,618. The loan is interest free, unsecured and technically repayable on demand.

At 1 February 2021 the director, Mr D Oliveira Reis, was owed £166 by the company. During the year there were advances of £314. At 31 January 2023 the balance owed to the director was £480. The loan is interest free, unsecured and technically repayable on demand.
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