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REGISTERED NUMBER: 07821581















Unaudited Financial Statements for the Year Ended 30 September 2023

for

V Networks Communications Limited

V Networks Communications Limited (Registered number: 07821581)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V Networks Communications Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: V Monticelli





SECRETARY:





REGISTERED OFFICE: First Floor
10 Church Square
Leighton Buzzard
LU7 1AE





REGISTERED NUMBER: 07821581





ACCOUNTANTS: Fouracre Accountancy Services Ltd
10 Church Square
Leighton Buzzard
Bedfordshire
LU7 1AE

V Networks Communications Limited (Registered number: 07821581)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 754 942

CURRENT ASSETS
Stocks - 4,000
Debtors 5 8,963 31,331
Cash in hand 32,131 48,803
41,094 84,134
CREDITORS
Amounts falling due within one year 6 31,023 51,000
NET CURRENT ASSETS 10,071 33,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,825

34,076

CREDITORS
Amounts falling due after more than one
year

7

14,909

39,658
NET LIABILITIES (4,084 ) (5,582 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (4,094 ) (5,592 )
(4,084 ) (5,582 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

V Networks Communications Limited (Registered number: 07821581)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





V Monticelli - Director


V Networks Communications Limited (Registered number: 07821581)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

V Networks Communications Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

V Networks Communications Limited (Registered number: 07821581)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 3,928
DEPRECIATION
At 1 October 2022 2,986
Charge for year 188
At 30 September 2023 3,174
NET BOOK VALUE
At 30 September 2023 754
At 30 September 2022 942

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 7,086 27,331
Other debtors 1,877 4,000
8,963 31,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 28,452 29,628
Taxation and social security 1,621 12,522
Other creditors 950 8,850
31,023 51,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 12,909 30,658
Other creditors 2,000 9,000
14,909 39,658