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Registration number: 14371167

Vedra Refurbishment Limited
(formerly Sterling Plastering Commercial Limited)

Unaudited Filleted Financial Statements

for the Period from 22 September 2022 to 31 March 2023

 

Vedra Refurbishment Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Vedra Refurbishment Limited

Company Information

Directors

Mr J Murphy

Mr C T Cox

Registered office

Suite 16 A & B
Ormskirk Road
Knowsley Village
Liverpool
Merseyside
L34 4AR

Accountants

Harbour Key Limited
Midway House
Herrick Way
Staverton
Cheltenham
GL51 6TQ

 

Vedra Refurbishment Limited

(Registration number: 14371167)
Balance Sheet as at 31 March 2023

Note

2023
£

Current assets

 

Debtors

4

6,873

Cash at bank and in hand

 

5,888

 

12,761

Creditors: Amounts falling due within one year

5

(20,950)

Net liabilities

 

(8,189)

Capital and reserves

 

Called up share capital

100

Retained earnings

(8,289)

Shareholders' deficit

 

(8,189)

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 November 2023 and signed on its behalf by:
 

.........................................
Mr J Murphy
Director

.........................................
Mr C T Cox
Director

 

Vedra Refurbishment Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Sterling Plastering Commercial Limited.

The address of its registered office is:
Suite 16 A & B
Ormskirk Road
Knowsley Village
Liverpool
Merseyside
L34 4AR

These financial statements were authorised for issue by the Board on 2 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of the financial statements is British Pound £, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are round to the nearest £.

Going concern

There is a net deficiency of assets of £8,189 at the balance sheet date, however the directors have confirmed their continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Vedra Refurbishment Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2022 to 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

Current

Note

2023
£

Other debtors

6

6,873

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Other creditors

6

20,950

6

Related party transactions

Transactions with directors

At the balance sheet date, the company owed £10,000 to the directors. There are no repayment terms or interest charged on the outstanding amount.

 

Vedra Refurbishment Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2022 to 31 March 2023

Summary of transactions with other related parties

The company is due £6,358 from a company in which the directors are also directors and shareholders.