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Company Registration No. 9223343 (England and Wales)
VNL LIMITED Unaudited accounts for the year ended 31 March 2023
VNL LIMITED Unaudited accounts Contents
Page
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VNL LIMITED Company Information for the year ended 31 March 2023
Director
BONKA ZHIVKOVA-IVANOVA
Company Number
9223343 (England and Wales)
Registered Office
10-16 Empire Parade Unit 6.2 WEMBLEY HA9 0YN United Kingdom
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VNL LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,801 
3,214 
Current assets
Debtors
3,394 
9,331 
Cash at bank and in hand
6,381 
7,088 
9,775 
16,419 
Creditors: amounts falling due within one year
(7,309)
(12,074)
Net current assets
2,466 
4,345 
Total assets less current liabilities
5,267 
7,559 
Creditors: amounts falling due after more than one year
(4,767)
(6,967)
Net assets
500 
592 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
400 
492 
Shareholders' funds
500 
592 
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 her 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 25 December 2023 and were signed on its behalf by
BONKA ZHIVKOVA-IVANOVA Director Company Registration No. 9223343
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VNL LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
VNL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9223343. The registered office is 10-16 Empire Parade, Unit 6.2, WEMBLEY, HA9 0YN, 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:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
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VNL LIMITED Notes to the Accounts for the year ended 31 March 2023
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.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
2,338 
3,272 
5,610 
Additions
- 
799 
799 
Disposals
- 
(827)
(827)
At 31 March 2023
2,338 
3,244 
5,582 
Depreciation
At 1 April 2022
720 
1,676 
2,396 
Charge for the year
584 
628 
1,212 
On disposals
- 
(827)
(827)
At 31 March 2023
1,304 
1,477 
2,781 
Net book value
At 31 March 2023
1,034 
1,767 
2,801 
At 31 March 2022
1,618 
1,596 
3,214 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,220 
8,461 
Accrued income and prepayments
874 
570 
Other debtors
300 
300 
3,394 
9,331 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,200 
2,200 
Trade creditors
295 
310 
Taxes and social security
857 
1,093 
Other creditors
3,952 
3,759 
Accruals
5 
5 
Deferred income
- 
4,707 
7,309 
12,074 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,767 
6,967 
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VNL LIMITED Notes to the Accounts for the year ended 31 March 2023
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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