Surf AccountsProduction v1.0.0 v1.0.0 2022-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the sale, rental and leasing of motor vehicles, trucks and other heavy machinery. 26 October 2023 2 2 NI631347 2023-07-31 NI631347 2022-07-31 NI631347 2021-07-31 NI631347 2022-08-01 2023-07-31 NI631347 2021-08-01 2022-07-31 NI631347 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 NI631347 uk-curr:PoundSterling 2022-08-01 2023-07-31 NI631347 uk-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 NI631347 uk-bus:FullAccounts 2022-08-01 2023-07-31 NI631347 uk-core:ShareCapital 2023-07-31 NI631347 uk-core:ShareCapital 2022-07-31 NI631347 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 NI631347 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 NI631347 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-07-31 NI631347 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-07-31 NI631347 uk-bus:FRS102 2022-08-01 2023-07-31 NI631347 uk-core:PlantMachinery 2022-08-01 2023-07-31 NI631347 uk-core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 NI631347 uk-core:WithinOneYear 2023-07-31 NI631347 uk-core:WithinOneYear 2022-07-31 NI631347 uk-core:WithinOneYear 2023-07-31 NI631347 uk-core:WithinOneYear 2022-07-31 NI631347 uk-core:WithinOneYear 2023-07-31 NI631347 uk-core:WithinOneYear 2022-07-31 NI631347 uk-core:AfterOneYear 2023-07-31 NI631347 uk-core:AfterOneYear 2022-07-31 NI631347 uk-core:AfterOneYear 2023-07-31 NI631347 uk-core:AfterOneYear 2022-07-31 NI631347 uk-core:BetweenTwoFiveYears 2023-07-31 NI631347 uk-core:BetweenTwoFiveYears 2022-07-31 NI631347 uk-core:EmployeeBenefits 2022-07-31 NI631347 uk-core:EmployeeBenefits 2022-08-01 2023-07-31 NI631347 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-07-31 NI631347 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-07-31 NI631347 uk-core:OtherDeferredTax 2023-07-31 NI631347 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-07-31 NI631347 uk-core:EmployeeBenefits 2023-07-31 NI631347 2022-08-01 2023-07-31 NI631347 uk-bus:Director1 2022-08-01 2023-07-31 NI631347 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI631347
 
 
Vogue Solutions Hire and Sales Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 July 2023
Vogue Solutions Hire and Sales Limited
Company Registration Number: NI631347
BALANCE SHEET
as at 31 July 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 392,716 195,886
───────── ─────────
 
Current Assets
Stocks 5 93,918 196,827
Debtors 6 21,320 -
Cash and cash equivalents 16,449 39,696
───────── ─────────
131,687 236,523
───────── ─────────
Creditors: amounts falling due within one year 7 (54,344) (65,682)
───────── ─────────
Net Current Assets 77,343 170,841
───────── ─────────
Total Assets less Current Liabilities 470,059 366,727
 
Creditors:
amounts falling due after more than one year 8 (187,178) (174,310)
 
Provisions for liabilities 10 (56,307) (37,218)
───────── ─────────
Net Assets 226,574 155,199
═════════ ═════════
 
Capital and Reserves
Called up share capital 10 10
Retained earnings 226,564 155,189
───────── ─────────
Equity attributable to owners of the company 226,574 155,199
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 26 October 2023
           
           
________________________________          
Mr. Barry Maguire          
Director          
           



Vogue Solutions Hire and Sales Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 July 2023

   
1. General Information
 
Vogue Solutions Hire and Sales Limited is a company limited by shares incorporated in Northern Ireland. 69 Plumbridge Road, Newtownstewart, Co Tyrone, BT78 4DP, Northern Ireland is the registered office, which is also the principal place of business of the company. The principal activity of the company is the sale, rental and leasing of motor vehicles, trucks and other heavy machinery. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 July 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2023 2022
  Number Number
 
Employees 2 2
  ═════════ ═════════
         
4. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 August 2022 340,754 1,300 342,054
Additions 346,923 1,162 348,085
Disposals (83,385) - (83,385)
  ───────── ───────── ─────────
At 31 July 2023 604,292 2,462 606,754
  ───────── ───────── ─────────
Depreciation
At 1 August 2022 145,517 651 146,168
Charge for the financial year 97,840 453 98,293
On disposals (30,423) - (30,423)
  ───────── ───────── ─────────
At 31 July 2023 212,934 1,104 214,038
  ───────── ───────── ─────────
Net book value
At 31 July 2023 391,358 1,358 392,716
  ═════════ ═════════ ═════════
At 31 July 2022 195,237 649 195,886
  ═════════ ═════════ ═════════
       
5. Stocks 2023 2022
  £ £
 
Finished goods and goods for resale 93,918 196,827
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2023 2022
  £ £
 
Trade debtors 21,320 -
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 6,966 6,796
Net obligations under finance leases
and hire purchase contracts 13,716 8,888
Trade creditors - 6,480
Taxation  (Note 9) 16,809 13,771
Other creditors - 10,000
Accruals 16,853 19,747
  ───────── ─────────
  54,344 65,682
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 12,646 19,749
Director's loan accounts 174,532 154,561
  ───────── ─────────
  187,178 174,310
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 6,966 6,796
Repayable between two and five years 12,646 19,749
  ───────── ─────────
  19,612 26,545
  ═════════ ═════════
 
       
9. Taxation 2023 2022
  £ £
 
Creditors:
VAT 16,808 3,166
Corporation tax 1 10,605
  ───────── ─────────
  16,809 13,771
  ═════════ ═════════
           
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2023 2022
  £ £ £ £
 
At financial year start 37,219 (1) 37,218 28,480
Charged to profit and loss 27,215 (8,126) 19,089 8,738
  ───────── ───────── ───────── ─────────
At financial year end 64,434 (8,127) 56,307 37,218
  ═════════ ═════════ ═════════ ═════════
           
11. Related party transactions
 
At the start of the year Vogue Solutions Hire and Sales Limited owed the company director £154,561. During the year Vogue Solutions Hire and Sales Ltd borrowed £45,507 and repaid £25,536 to the director. At the end of the year, the director was owed £174,532 (2022: £154,561) from Vogue Solutions Hire and Sales Limited and this is included in the creditors section of the balance sheet.