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Company Registration No. 08022336 (England and Wales)
Vkasa Limited Unaudited accounts for the year ended 31 March 2023
Vkasa Limited Unaudited accounts Contents
Page
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Vkasa Limited Company Information for the year ended 31 March 2023
Director
Vullnet Kasapolli
Company Number
08022336 (England and Wales)
Registered Office
184 High Street Barnet London Greater London EN5 5SZ
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Vkasa Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
392 
626 
Current assets
Debtors
18,347 
23,177 
Cash at bank and in hand
3,833 
1,762 
22,180 
24,939 
Creditors: amounts falling due within one year
(4,304)
(8,842)
Net current assets
17,876 
16,097 
Total assets less current liabilities
18,268 
16,723 
Creditors: amounts falling due after more than one year
(17,991)
(16,057)
Net assets
277 
666 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
177 
566 
Shareholders' funds
277 
666 
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 20 December 2023 and were signed on its behalf by
Vullnet Kasapolli Director Company Registration No. 08022336
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Vkasa Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Vkasa Limited is a private company, limited by shares, registered in England and Wales, registration number 08022336. The registered office is 184 High Street, Barnet, London, Greater London, EN5 5SZ.
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.
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.
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
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Going concern
At the balance sheet date the company had a surplus of £645 on Profit and loss account (2020: deficit of £47) on its balance sheet. The director however considers that the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
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Vkasa Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,575 
At 31 March 2023
5,575 
Depreciation
At 1 April 2022
4,949 
Charge for the year
234 
At 31 March 2023
5,183 
Net book value
At 31 March 2023
392 
At 31 March 2022
626 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,937 
6,788 
Other debtors
14,410 
16,389 
18,347 
23,177 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
4,200 
Taxes and social security
4,304 
4,642 
4,304 
8,842 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,991 
16,057 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Vkasa Limited Notes to the Accounts for the year ended 31 March 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Vullnet Kasapolli
Interest free loan
16,442 
45,790 
47,985 
14,247 
16,442 
45,790 
47,985 
14,247 
Included within other debtors is the loan provided to the director. The above loan is unsecured and repayable on demand. The movement on the loan is reported above. Directors' loan account was repaid after the year end, within 9 months, by way of loan repayment and dividends paid.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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