Registered number
11257120
V-Tac Lighting Services Limited
Filleted Accounts
31 March 2023
V-Tac Lighting Services Limited
Registered number: 11257120
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 466,397 439,865
Cash at bank and in hand 5,095 7,849
471,492 447,714
Creditors: amounts falling due within one year 4 (470,243) (447,536)
Net current assets 1,249 178
Net assets 1,249 178
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,248 177
Shareholders' funds 1,249 178
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 members have 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.
Mr Kashish Amarnani
Director
Approved by the board on 21 September 2023
V-Tac Lighting Services 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 consultancy fees invoiced every month.
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 4
3 Debtors 2023 2022
£ £
Trade debtors 269,543 235,567
Other debtors 196,854 204,298
466,397 439,865
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 214,630 211,176
Taxation and social security costs 27,996 23,656
Other creditors 27,568 12,655
Director's account 200,049 200,049
470,243 447,536
5 Other information
V-Tac Lighting Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Vtac House
Kelpatrick Road
Slough
Berkshire
SL1 6BW
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