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Company Registration No. 11493621 (England and Wales)
VID Builders Limited Unaudited accounts for the year ended 31 March 2023
VID Builders Limited Unaudited accounts Contents
Page
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VID Builders Limited Company Information for the year ended 31 March 2023
Director
Victor Dushchak
Company Number
11493621 (England and Wales)
Registered Office
122 CAMP STREET SALFORD LANCASHIRE M7 1ZT UNITED KINGDOM
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VID Builders Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,944 
15,202 
Current assets
Debtors
47,279 
56,060 
Cash at bank and in hand
49,058 
48,768 
96,337 
104,828 
Creditors: amounts falling due within one year
(87,042)
(72,484)
Net current assets
9,295 
32,344 
Total assets less current liabilities
46,239 
47,546 
Creditors: amounts falling due after more than one year
(46,715)
(33,333)
Net (liabilities)/assets
(476)
14,213 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(576)
14,113 
Shareholders' funds
(476)
14,213 
For the year ending 31 March 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 6 November 2023 and were signed on its behalf by
Victor Dushchak Director Company Registration No. 11493621
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VID Builders Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
VID Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 11493621. The registered office is 122 CAMP STREET, SALFORD, LANCASHIRE, M7 1ZT, UNITED KINGDOM.
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 year, 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:
Motor vehicles
20% on cost
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2022
25,338 
Additions
33,511 
At 31 March 2023
58,849 
Depreciation
At 1 April 2022
10,136 
Charge for the year
11,769 
At 31 March 2023
21,905 
Net book value
At 31 March 2023
36,944 
At 31 March 2022
15,202 
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VID Builders Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,709 
1,218 
Trade debtors
- 
27,298 
Accrued income and prepayments
45,570 
27,544 
47,279 
56,060 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
4,730 
- 
Trade creditors
- 
26,101 
Taxes and social security
27,230 
16,533 
Loans from directors
6,765 
5,407 
Accruals
38,317 
14,443 
87,042 
72,484 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,333 
33,333 
Obligations under finance leases and hire purchase contracts
23,382 
- 
46,715 
33,333 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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