Registered number
07544437
Vin-Sense Consulting Limited
Filleted Accounts
31 March 2023
Vin-Sense Consulting Limited
Registered number: 07544437
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,865 4,838
Current assets
Debtors 4 14,383 11,072
Cash at bank and in hand 117,801 59,441
132,184 70,513
Creditors: amounts falling due within one year 5 (35,730) (12,937)
Net current assets 96,454 57,576
Total assets less current liabilities 102,319 62,414
Provisions for liabilities (1,196) (933)
Net assets 101,123 61,481
Capital and reserves
Called up share capital 1 1
Profit and loss account 101,122 61,480
Shareholder's funds 101,123 61,481
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
V Darcy
Director
Approved by the board on 19 October 2023
Vin-Sense Consulting Limited
Notes to the Accounts
for the year ended 31 March 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.
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 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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
At 1 April 2022 12,007
Additions 2,749
At 31 March 2023 14,756
Depreciation
At 1 April 2022 7,169
Charge for the year 1,722
At 31 March 2023 8,891
Net book value
At 31 March 2023 5,865
At 31 March 2022 4,838
4 Debtors 2023 2022
£ £
Trade debtors 11,675 8,640
Other debtors 2,708 2,432
14,383 11,072
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 8,000 -
Taxation and social security costs 24,809 10,827
Other creditors 2,921 2,110
35,730 12,937
6 Controlling party
Mr V Darcy holds 100% of the share capital and controls the company.
7 Other information
Vin-Sense Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
83 Ducie Street
Manchester
M1 2JQ
Vin-Sense Consulting Limited 07544437 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 V Darcy No description of principal activity 07544437 2021-04-01 2022-03-31 07544437 core:WithinOneYear 2022-03-31 07544437 core:ShareCapital 2022-03-31 07544437 core:RetainedEarningsAccumulatedLosses 2022-03-31 07544437 2022-04-01 2023-03-31 07544437 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07544437 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07544437 bus:Director40 2022-04-01 2023-03-31 07544437 1 2022-04-01 2023-03-31 07544437 2 2022-04-01 2023-03-31 07544437 core:PlantMachinery 2022-04-01 2023-03-31 07544437 countries:England 2022-04-01 2023-03-31 07544437 bus:FRS102 2022-04-01 2023-03-31 07544437 bus:FullAccounts 2022-04-01 2023-03-31 07544437 2023-03-31 07544437 core:WithinOneYear 2023-03-31 07544437 core:ShareCapital 2023-03-31 07544437 core:RetainedEarningsAccumulatedLosses 2023-03-31 07544437 core:PlantMachinery 2023-03-31 07544437 2022-03-31 07544437 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure