VMB9003 LTD
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Company registration number 13938485
Date
Approval date of the accounts by the board 21/06/2023
Date
Date of signing on the audit/accountants report 21/06/2023
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Veselin Bashev
Or, name of secretary
Name of director signing balance sheet Veselin Bashev
Address of registered office:
Address line 1 174 Oval Road South
Address line 2 Dagenham
City or town London
County or region
Postcode RM10 9EB
Name of senior statutory auditor
Name of auditors/accountants Dianel & Co Accounting Solutions Ltd
Type of firm (eg Chartered Accountants) AAT Licensed Accountants
Address of auditors/accountants
Address line 1 57-59 Challenge House
Address line 2 Buckhurst Hill
City or town Essex
County or region
Postcode IG9 5BU
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 2
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
VMB9003 LTD
Registered number: 13938485
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Tangible assets 3 10,660
Current assets
Debtors 4 14,064
Cash at bank and in hand 1,090
15,154
Creditors: amounts falling due within one year 5 (7,576)
Net current assets 7,578
Net assets 18,238
Capital and reserves
Called up share capital 100
Profit and loss account 18,138
Reserves 18,238
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 member has 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.
Veselin Bashev
Director
Approved by the board on 21 June 2023
VMB9003 LTD
Notes to the Accounts
for the period from 24 February 2022 to 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 stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 13,000
At 31 March 2023 13,000
Depreciation
Charge for the period 2,340
At 31 March 2023 2,340
Net book value
At 31 March 2023 10,660
4 Debtors 2023
£
Other debtors 14,064
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 4,250
Corporation tax 2,434
Other creditors 892
7,576
6 Other information
VMB9003 LTD is a private company limited by guarantee and incorporated in England. Its registered office is:
174 Oval Road South
Dagenham
London
RM10 9EB
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