Company Registration No. 04877886 (England and Wales)
VIBEHAIR LTD.
Unaudited accounts
for the year ended 31 March 2023
VIBEHAIR LTD.
Unaudited accounts
Contents
VIBEHAIR LTD.
Company Information
for the year ended 31 March 2023
Company Number
04877886 (England and Wales)
Registered Office
15 Wellington Street
Brightlingsea
Essex
CO7 0DB
Accountants
Accounting Solutions Anglia Ltd
13 Cornflower Road
Jaywick Sands
Clacton on Sea
Essex
CO15 2RZ
VIBEHAIR LTD.
Statement of financial position
as at 31 March 2023
Tangible assets
96,012
100,667
Cash at bank and in hand
34,536
31,192
Creditors: amounts falling due within one year
(17,479)
(26,616)
Net current assets
17,057
4,576
Total assets less current liabilities
113,069
105,243
Creditors: amounts falling due after more than one year
(8,365)
(14,180)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
102,104
90,963
Shareholders' funds
102,204
91,063
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 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 21 November 2023 and were signed on its behalf by
Mark Chittenden
Director
Company Registration No. 04877886
VIBEHAIR LTD.
Notes to the Accounts
for the year ended 31 March 2023
VIBEHAIR LTD. is a private company, limited by shares, registered in England and Wales, registration number 04877886. The registered office is 15 Wellington Street, Brightlingsea, Essex, CO7 0DB.
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:
Land & buildings
2.5% on Cost - 25% of Written Down Value on Improvements
Plant & machinery
25% of Written Down Value
Motor vehicles
25% of Written Down Value
Fixtures & fittings
25% of Written Down Value
Other tangible fixed assets
25% of Written Down Value
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
169,685
7,771
730
178,186
At 31 March 2023
169,685
7,771
730
178,186
At 1 April 2022
69,990
6,800
729
77,519
Charge for the year
4,412
243
-
4,655
At 31 March 2023
74,402
7,043
729
82,174
At 31 March 2023
95,283
728
1
96,012
At 31 March 2022
99,695
971
1
100,667
VIBEHAIR LTD.
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,160
9,086
Taxes and social security
7,415
7,966
Loans from directors
2,904
8,784
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).