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REGISTERED NUMBER: 06918502 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

VICARAGE CONSORTIUM LIMITED

VICARAGE CONSORTIUM LIMITED (REGISTERED NUMBER: 06918502)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VICARAGE CONSORTIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: D Somaiya





SECRETARY: D Somaiya





REGISTERED OFFICE: 600 High Road
Seven Kings
Ilford
Essex
IG3 8BS





REGISTERED NUMBER: 06918502 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

VICARAGE CONSORTIUM LIMITED (REGISTERED NUMBER: 06918502)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 73,770 56,655
73,770 56,655

CURRENT ASSETS
Stocks 6 76,279 60,414
Debtors 7 267,470 252,669
Cash at bank and in hand 226,385 152,689
570,134 465,772
CREDITORS
Amounts falling due within one year 8 276,839 273,577
NET CURRENT ASSETS 293,295 192,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,065

248,850

PROVISIONS FOR LIABILITIES 12,396 6,517
NET ASSETS 354,669 242,333

CAPITAL AND RESERVES
Called up share capital 9 60 60
Retained earnings 10 354,609 242,273
SHAREHOLDERS' FUNDS 354,669 242,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 January 2024 and were signed by:



D Somaiya - Director


VICARAGE CONSORTIUM LIMITED (REGISTERED NUMBER: 06918502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Vicarage Consortium Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

VICARAGE CONSORTIUM LIMITED (REGISTERED NUMBER: 06918502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on going concern basis which assumes that the company will continue to receive adequate financial assistance from Directors, Bankers and other creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 700,000
AMORTISATION
At 1 August 2022
and 31 July 2023 700,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 2,734 110,764 146,738 11,888 272,124
Additions - 30,330 - - 30,330
At 31 July 2023 2,734 141,094 146,738 11,888 302,454
DEPRECIATION
At 1 August 2022 1,925 103,280 102,781 7,483 215,469
Charge for year 68 5,672 6,594 881 13,215
At 31 July 2023 1,993 108,952 109,375 8,364 228,684
NET BOOK VALUE
At 31 July 2023 741 32,142 37,363 3,524 73,770
At 31 July 2022 809 7,484 43,957 4,405 56,655

6. STOCKS
31.7.23 31.7.22
£    £   
Stocks 76,279 60,414

VICARAGE CONSORTIUM LIMITED (REGISTERED NUMBER: 06918502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 240,399 224,702
Other debtors 27,071 27,967
267,470 252,669

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 246,294 204,878
Taxation and social security 25,552 57,381
Other creditors 4,993 11,318
276,839 273,577

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
60 Ordinary £1 60 60

10. RESERVES
Retained
earnings
£   

At 1 August 2022 242,273
Profit for the year 112,336
At 31 July 2023 354,609