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Company Registration No. 13538466 (England and Wales)
VSG GLOBAL LIMITED Unaudited accounts for the year ended 31 July 2023
VSG GLOBAL LIMITED Unaudited accounts Contents
Page
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VSG GLOBAL LIMITED Company Information for the year ended 31 July 2023
Director
MUHIB MEAH
Company Number
13538466 (England and Wales)
Registered Office
213 CITY ROAD LONDON EC1V 1JN ENGLAND
Accountants
CITYGATE CERTIFIED ACCOUNTANTS EAST LONDON BUSINESS CENTRE 93-101 GREENFIELD ROAD LONDON E1 1EJ
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VSG GLOBAL LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
3 
3 
Current assets
Debtors
46,342 
- 
Cash at bank and in hand
4 
- 
46,346 
- 
Creditors: amounts falling due within one year
(31,223)
- 
Net current assets
15,123 
- 
Net assets
15,126 
3 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
15,123 
- 
Shareholders' funds
15,126 
3 
For the year ending 31 July 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 23 August 2023 and were signed on its behalf by
MUHIB MEAH Director Company Registration No. 13538466
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VSG GLOBAL LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
VSG GLOBAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13538466. The registered office is 213 CITY ROAD, LONDON, EC1V 1JN, ENGLAND.
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
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 9 below.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at fair value.
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
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,203 
- 
Other debtors
20,139 
- 
46,342 
- 
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VSG GLOBAL LIMITED Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,890 
- 
Trade creditors
19,186 
- 
Taxes and social security
3,547 
- 
Accruals
600 
- 
31,223 
- 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
MUHIB MEAH
Director Loan
- 
20,139 
- 
20,139 
- 
20,139 
- 
20,139 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
9
Reconciliations on adoption of FRS 102
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