1 April 2022 false No description of principal activity Taxfiler 2023.10.1 08283654business:PrivateLimitedCompanyLtd2022-04-012023-03-31 082836542022-03-31 082836542022-04-012023-03-31 08283654business:AuditExemptWithAccountantsReport2022-04-012023-03-31 08283654business:FilletedAccounts2022-04-012023-03-31 082836542023-03-31 082836542022-03-31 08283654core:WithinOneYear2023-03-31 08283654core:WithinOneYear2022-03-31 08283654core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08283654core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 08283654core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08283654core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 08283654core:PreviouslyStatedAmount2023-03-31 08283654core:PreviouslyStatedAmount2022-03-31 08283654business:SmallEntities2022-04-012023-03-31 08283654business:Director22022-04-012023-03-31 08283654countries:EnglandWales2022-04-012023-03-31 08283654business:RegisteredOffice2022-04-012023-03-31 08283654core:LandBuildings2022-04-012023-03-31 08283654core:PlantMachinery2022-04-012023-03-31 08283654core:ComputerEquipment2022-04-012023-03-31 08283654core:LandBuildings2022-03-31 08283654core:PlantMachinery2022-03-31 08283654core:ComputerEquipment2022-03-31 08283654core:LandBuildings2023-03-31 08283654core:PlantMachinery2023-03-31 08283654core:ComputerEquipment2023-03-31 082836542021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08283654 (England and Wales)
Vousden Property Services Ltd Unaudited accounts for the year ended 31 March 2023
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Vousden Property Services Ltd for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vousden Property Services Ltd for the year ended 31 March 2023 as set out on pages 3 - 5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Vousden Property Services Ltd, as a body, in accordance with the terms of our engagement letter dated 18 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Vousden Property Services Ltd and state those matters that we have agreed to state to the Board of Directors of Vousden Property Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vousden Property Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Vousden Property Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vousden Property Services Ltd. You consider that Vousden Property Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Vousden Property Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Dove Accountants, Tax & Business Advisors Chartered Certified Accountants Suite 2, The Wellington 78 High Street Uttoxeter Staffordshire ST14 7JD 21 November 2023
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Vousden Property Services Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
196,387 
215,251 
Current assets
Debtors
666,554 
395,157 
Cash at bank and in hand
1,326,892 
887,720 
1,993,446 
1,282,877 
Creditors: amounts falling due within one year
(384,874)
(159,820)
Net current assets
1,608,572 
1,123,057 
Total assets less current liabilities
1,804,959 
1,338,308 
Provisions for liabilities
Deferred tax
(18,077)
(20,514)
Net assets
1,786,882 
1,317,794 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,786,782 
1,317,694 
Shareholders' funds
1,786,882 
1,317,794 
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.
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 21 November 2023 and were signed on its behalf by
S Vousden Director Company Registration No. 08283654
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Vousden Property Services Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Vousden Property Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 08283654. The registered office is 7 Kingswood, Kidsgrove, Stoke On Trent, Staffordshire, ST7 4UX, 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.
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:
Land & buildings
2% straight line basis on buildings
Plant & machinery
25% reducing balance basis
Computer equipment
33.3% straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Vousden Property Services Ltd Notes to the Accounts for the year ended 31 March 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
157,611 
156,838 
2,550 
316,999 
Additions
- 
4,746 
1,254 
6,000 
At 31 March 2023
157,611 
161,584 
3,804 
322,999 
Depreciation
At 1 April 2022
24,416 
74,782 
2,550 
101,748 
Charge for the year
3,052 
21,603 
209 
24,864 
At 31 March 2023
27,468 
96,385 
2,759 
126,612 
Net book value
At 31 March 2023
130,143 
65,199 
1,045 
196,387 
At 31 March 2022
133,195 
82,056 
- 
215,251 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
659,703 
391,207 
Other debtors
6,851 
3,950 
666,554 
395,157 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
13,554 
16,586 
Taxes and social security
343,729 
127,886 
Other creditors
27,591 
15,348 
384,874 
159,820 
7
Average number of employees
During the year the average number of employees was 10 (2022: 9).
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