1 April 2022 false No description of principal activity Taxfiler 2023.10 SC378217business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC3782172022-03-31 SC3782172022-04-012023-03-31 SC378217business:AuditExemptWithAccountantsReport2022-04-012023-03-31 SC378217business:AbridgedAccounts2022-04-012023-03-31 SC3782172023-03-31 SC378217business:Director12022-04-012023-03-31 SC378217business:Director22022-04-012023-03-31 SC378217business:RegisteredOffice2022-04-012023-03-31 SC3782172022-03-31 SC378217core:WithinOneYear2023-03-31 SC378217core:WithinOneYear2022-03-31 SC378217core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC378217core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC378217core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC378217core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC378217core:PreviouslyStatedAmount2023-03-31 SC378217core:PreviouslyStatedAmount2022-03-31 SC378217business:SmallEntities2022-04-012023-03-31 SC378217countries:Scotland2022-04-012023-03-31 SC378217core:PlantMachinery2022-04-012023-03-31 SC3782172021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC378217 (Scotland)
Vass Agencies Ltd Unaudited accounts for the year ended 31 March 2023
Vass Agencies Ltd Unaudited accounts Contents
Page
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Vass Agencies Ltd Company Information for the year ended 31 March 2023
Directors
Mr G Vass Mrs C Vass
Company Number
SC378217 (Scotland)
Registered Office
23 Laburnum Avenue Port Seton East Lothian EH32 0UD
Accountants
GF Accountancy Services Ltd 4 Rowanhill Way Port Seton East Lothian EH32 0SZ
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Vass Agencies Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
822 
872 
Current assets
Debtors
13,361 
15,377 
Cash at bank and in hand
16,849 
64,534 
30,210 
79,911 
Creditors: amounts falling due within one year
(17,160)
(38,370)
Net current assets
13,050 
41,541 
Net assets
13,872 
42,413 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,772 
42,313 
Shareholders' funds
13,872 
42,413 
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by
Mr G Vass Director Company Registration No. SC378217
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Vass Agencies Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Vass Agencies Ltd is a private company, limited by shares, registered in Scotland, registration number SC378217. The registered office is 23 Laburnum Avenue, Port Seton, East Lothian , EH32 0UD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been provided at the following rates in order to write off the assets over their estimated useful lives: Goodwill 10% straight line
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:
Plant & machinery
20% straight line
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2022
20,200 
At 31 March 2023
20,200 
Amortisation
At 1 April 2022
20,200 
At 31 March 2023
20,200 
Net book value
At 31 March 2023
- 
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Vass Agencies Ltd Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
3,317 
Additions
249 
At 31 March 2023
3,566 
Depreciation
At 1 April 2022
2,445 
Charge for the year
299 
At 31 March 2023
2,744 
Net book value
At 31 March 2023
822 
At 31 March 2022
872 
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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