Company Registration No. 13082533 (England and Wales)
VAMS GROUP LTD
Unaudited accounts
for the year ended 31 March 2023
VAMS GROUP LTD
Unaudited accounts
Contents
VAMS GROUP LTD
Company Information
for the year ended 31 March 2023
Company Number
13082533 (England and Wales)
Registered Office
147 Watling Street
England
Radlett
WD7 7NQ
United Kingdom
Accountants
Genius Accountancy Ltd
27 Old Gloucester Street
London
WC1N 3AX
VAMS GROUP LTD
Statement of financial position
as at 31 March 2023
Intangible assets
7,999
8,999
Tangible assets
8,708
6,668
Cash at bank and in hand
10,048
17,293
Creditors: amounts falling due within one year
(24,740)
(30,382)
Net current liabilities
(14,692)
(13,089)
Called up share capital
100
100
Profit and loss account
1,915
2,478
Shareholders' funds
2,015
2,578
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2023 and were signed on its behalf by
Monica Mateescu
Director
Company Registration No. 13082533
VAMS GROUP LTD
Notes to the Accounts
for the year ended 31 March 2023
VAMS GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 13082533. The registered office is 147 Watling Street, England, Radlett, WD7 7NQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
VAMS GROUP LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
Goodwill as amortized at 10% for accounting purpose and 6.5% for tax purpose per annum.
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
1
10,000
-
10,001
Additions
-
329
7,731
8,060
At 31 March 2023
1
10,329
7,731
18,061
At 1 April 2022
-
3,333
-
3,333
Charge for the year
-
3,443
2,577
6,020
At 31 March 2023
-
6,776
2,577
9,353
At 31 March 2023
1
3,553
5,154
8,708
At 31 March 2022
1
6,667
-
6,668
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,448
2,123
Other creditors
1,773
2,741
Loans from directors
14,963
14,137
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Average number of employees
During the year the average number of employees was 4 (2022: 4).