VA REMEDIAL LTD

Company Registration Number:
14006141 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 28 March 2022

End date: 31 March 2023

VA REMEDIAL LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

VA REMEDIAL LTD

Company Information

for the Period Ended 31 March 2023




Director: Mr Alex Morley
Mrs Hayley Morley-Sharpe
Registered office: 5
The Estuary
Littlehampton
GBR
BN17 6NF
Company Registration Number: 14006141 (England and Wales)

VA REMEDIAL LTD

Balance sheet

As at 31 March 2023


Notes

2023
£
Fixed assets
Total fixed assets: -
Current assets
Stocks: 3,409
Debtors: 4 151
Cash at bank and in hand: 3,340
Total current assets: 6,900
Creditors: amounts falling due within one year: 5 ( 5,271 )
Net current assets (liabilities): 1,629
Total assets less current liabilities: 1,629
Total net assets (liabilities): 1,629

The notes form part of these financial statements

VA REMEDIAL LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£
Capital and reserves
Called up share capital: 2
Profit and loss account: 1,627
Shareholders funds: 1,629

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 1 July 2023
And Signed On Behalf Of The Board By:

Name: Mr Alex Morley
Status: Director

The notes form part of these financial statements

VA REMEDIAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
    Machinery & Equipment - 33% on cost
    Fixtures and Fittings - 20% on cost
    Motor Vehicles - 25% on cost

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years.
    Impairment of intangible assets is recognised where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure for delivery & shipping.

    Other accounting policies

    Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

VA REMEDIAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023
    Average number of employees during the period 2

VA REMEDIAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

VA REMEDIAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors


2023
£
Trade debtors 151
Total 151

VA REMEDIAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5.Creditors: amounts falling due within one year note


2023
£
Taxation and social security 382
Accruals and deferred income 500
Other creditors 4,389
Total 5,271