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REGISTERED NUMBER: 03634889 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

VAN EAST ASSOCIATES LIMITED

VAN EAST ASSOCIATES LIMITED (REGISTERED NUMBER: 03634889)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VAN EAST ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr M B Sullivan
Mrs J Sullivan





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 03634889 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

VAN EAST ASSOCIATES LIMITED (REGISTERED NUMBER: 03634889)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,404 2,894

CURRENT ASSETS
Debtors 5 174,520 96,651
Cash at bank 34,913 144,756
209,433 241,407
CREDITORS
Amounts falling due within one year 6 200,070 228,414
NET CURRENT ASSETS 9,363 12,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,767

15,887

CREDITORS
Amounts falling due after more than one
year

7

33,201

38,192
NET LIABILITIES (21,434 ) (22,305 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (21,436 ) (22,307 )
SHAREHOLDERS' FUNDS (21,434 ) (22,305 )

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 directors acknowledge their 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.

VAN EAST ASSOCIATES LIMITED (REGISTERED NUMBER: 03634889)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Mr M B Sullivan - Director


VAN EAST ASSOCIATES LIMITED (REGISTERED NUMBER: 03634889)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Van East Associates 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
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

VAN EAST ASSOCIATES LIMITED (REGISTERED NUMBER: 03634889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2022 14,894 19,728 34,622
Additions 750 - 750
At 28 February 2023 15,644 19,728 35,372
Depreciation
At 1 March 2022 14,140 17,588 31,728
Charge for year 302 938 1,240
At 28 February 2023 14,442 18,526 32,968
Net book value
At 28 February 2023 1,202 1,202 2,404
At 28 February 2022 754 2,140 2,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 174,520 96,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 4,849 4,589
Taxation and social security 443 14,467
Other creditors 194,778 209,358
200,070 228,414

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 33,201 38,192

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,230 33,603

VAN EAST ASSOCIATES LIMITED (REGISTERED NUMBER: 03634889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,849 4,589

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,971 4,589

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,230 33,603

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2