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Company Registration No. 11478100 (England and Wales)
VUX World Ltd Unaudited accounts for the year ended 31 July 2023
VUX World Ltd Unaudited accounts Contents
Page
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VUX World Ltd Company Information for the year ended 31 July 2023
Director
Kane Simms
Company Number
11478100 (England and Wales)
Registered Office
12 Station Parade Harrogate North Yorkshire HG1 1UE
Accountants
RLTP Accountants Suite 8, Riverside Business Centre Foundry Lane Milford, Belper Derbyshire DE56 0RN
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VUX World Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,139 
1,029 
Current assets
Inventories
941 
- 
Debtors
50,274 
29,291 
Cash at bank and in hand
181,393 
91,726 
232,608 
121,017 
Creditors: amounts falling due within one year
(144,369)
(45,352)
Net current assets
88,239 
75,665 
Total assets less current liabilities
89,378 
76,694 
Creditors: amounts falling due after more than one year
(24,424)
- 
Net assets
64,954 
76,694 
Capital and reserves
Called up share capital
(98)
(98)
Profit and loss account
65,052 
76,792 
Shareholders' funds
64,954 
76,694 
For the year ending 31 July 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 his 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 28 October 2023 and were signed on its behalf by
Kane Simms Director Company Registration No. 11478100
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VUX World Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
VUX World Ltd is a private company, limited by shares, registered in England and Wales, registration number 11478100. The registered office is 12 Station Parade, Harrogate, North Yorkshire, HG1 1UE.
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.
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:
Computer equipment
25% RB
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
1,765 
Additions
490 
At 31 July 2023
2,255 
Depreciation
At 1 August 2022
736 
Charge for the year
380 
At 31 July 2023
1,116 
Net book value
At 31 July 2023
1,139 
At 31 July 2022
1,029 
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VUX World Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
(11,763)
604 
Trade debtors
62,037 
28,687 
50,274 
29,291 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
20,334 
- 
Taxes and social security
10,524 
23,638 
Other creditors
8,398 
12,904 
Loans from directors
875 
8,010 
Accruals
800 
800 
Deferred income
103,438 
- 
144,369 
45,352 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,424 
- 
8
Average number of employees
During the year the average number of employees was 3 (2022: 1).
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