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Company Registration No. 11441312 (England and Wales)
Varsani Enterprises Limited Unaudited accounts for the period from 1 July 2022 to 31 January 2023
Varsani Enterprises Limited Unaudited accounts Contents
Page
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Varsani Enterprises Limited Company Information for the period from 1 July 2022 to 31 January 2023
Director
Nitesh Varsani
Company Number
11441312 (England and Wales)
Registered Office
10 Southbrook Grove Bolton Lancashire BL3 2DN UK
Accountants
UK Taxshops 155 Chapel Street Leigh Lancashire WN7 2AL
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Varsani Enterprises Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,161 
5,082 
Current assets
Inventories
21,500 
24,250 
Debtors
15,000 
29,000 
Cash at bank and in hand
11,964 
6,099 
48,464 
59,349 
Creditors: amounts falling due within one year
(16,273)
(24,124)
Net current assets
32,191 
35,225 
Total assets less current liabilities
36,352 
40,307 
Creditors: amounts falling due after more than one year
(32,402)
(38,885)
Net assets
3,950 
1,422 
Capital and reserves
Share premium
100 
100 
Profit and loss account
3,850 
1,322 
Shareholders' funds
3,950 
1,422 
For the period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2023 and were signed on its behalf by
Nitesh Varsani Director Company Registration No. 11441312
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Varsani Enterprises Limited Notes to the Accounts for the period from 1 July 2022 to 31 January 2023
1
Statutory information
Varsani Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 11441312. The registered office is 10 Southbrook Grove, Bolton, Lancashire, BL3 2DN, UK. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
6,692 
5,027 
11,719 
At 31 January 2023
6,692 
5,027 
11,719 
Depreciation
At 1 July 2022
3,199 
3,438 
6,637 
Charge for the period
524 
397 
921 
At 31 January 2023
3,723 
3,835 
7,558 
Net book value
At 31 January 2023
2,969 
1,192 
4,161 
At 30 June 2022
3,493 
1,589 
5,082 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
15,000 
29,000 
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Varsani Enterprises Limited Notes to the Accounts for the period from 1 July 2022 to 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,773 
8,895 
VAT
1,702 
4,112 
Taxes and social security
9,798 
11,117 
16,273 
24,124 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
32,402 
38,885 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Nitesh Varsani
Director's advance, repayable within one year
14,000 
(14,000)
- 
- 
14,000 
(14,000)
- 
- 
9
Average number of employees
During the period the average number of employees was 3 (2022: 3).
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