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REGISTERED NUMBER: 10613626 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

VBuild (London) Limited

VBuild (London) Limited (Registered number: 10613626)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VBuild (London) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr V K Joshi





REGISTERED OFFICE: 164 Mollison Way
Edgware
Middlesex
HA8 5QZ





REGISTERED NUMBER: 10613626 (England and Wales)





ACCOUNTANTS: L P Patel & Co Limited
Accountants & Tax Advisers
164 Mollison Way
Edgware
Middlesex
HA8 5QZ

VBuild (London) Limited (Registered number: 10613626)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 18,284 22,856

CURRENT ASSETS
Debtors 5 79,132 39,169
Cash at bank and in hand 42,652 34,845
121,784 74,014
CREDITORS
Amounts falling due within one year 6 53,694 39,153
NET CURRENT ASSETS 68,090 34,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,374

57,717

CREDITORS
Amounts falling due after more than one
year

7

37,696

52,972
NET ASSETS 48,678 4,745

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 48,578 4,645
SHAREHOLDERS' FUNDS 48,678 4,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

VBuild (London) Limited (Registered number: 10613626)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





Mr V K Joshi - Director


VBuild (London) Limited (Registered number: 10613626)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

VBuild (London) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

VBuild (London) Limited (Registered number: 10613626)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Tools and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 4,678 25,492 2,834 33,004
DEPRECIATION
At 1 March 2022 3,145 5,098 1,905 10,148
Charge for year 307 4,079 186 4,572
At 28 February 2023 3,452 9,177 2,091 14,720
NET BOOK VALUE
At 28 February 2023 1,226 16,315 743 18,284
At 28 February 2022 1,533 20,394 929 22,856

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 25,492
DEPRECIATION
At 1 March 2022 5,098
Charge for year 4,079
At 28 February 2023 9,177
NET BOOK VALUE
At 28 February 2023 16,315
At 28 February 2022 20,394

VBuild (London) Limited (Registered number: 10613626)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 78,920 32,450
Other debtors 212 6,719
79,132 39,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,908 3,908
Trade creditors 3,435 2,833
Taxation and social security 27,503 14,406
Other creditors 8,848 8,006
53,694 39,153

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,695 32,695
Hire purchase contracts 15,001 20,277
37,696 52,972

8. DEFERRED TAX
£   
Balance at 1 March 2022 (152 )
Accelerated capital allowances (60 )
Balance at 28 February 2023 (212 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1 100 100

VBuild (London) Limited (Registered number: 10613626)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


10. RESERVES
Retained
earnings
£   

At 1 March 2022 4,645
Profit for the year 45,933
Dividends (2,000 )
At 28 February 2023 48,578