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Company Registration No. 10308528 (England and Wales)
VLKN LIMITED Unaudited accounts for the year ended 31 July 2023
VLKN LIMITED Unaudited accounts Contents
Page
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VLKN LIMITED Company Information for the year ended 31 July 2023
Director
Mr V Aslan
Company Number
10308528 (England and Wales)
Registered Office
24 Aldermans Hill London N13 4PN United Kingdom
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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VLKN LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,293 
12,943 
Current assets
Inventories
41,150 
42,200 
Debtors
- 
18,000 
Cash at bank and in hand
280 
1,006 
41,430 
61,206 
Creditors: amounts falling due within one year
(28,941)
(37,632)
Net current assets
12,489 
23,574 
Total assets less current liabilities
25,782 
36,517 
Creditors: amounts falling due after more than one year
(19,167)
(29,167)
Net assets
6,615 
7,350 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
5,615 
6,350 
Shareholders' funds
6,615 
7,350 
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 12 March 2024 and were signed on its behalf by
Mr V Aslan Director Company Registration No. 10308528
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VLKN LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
VLKN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10308528. The registered office is 24 Aldermans Hill, London, N13 4PN, 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
33% - reducing balance method
Fixtures & fittings
18% - reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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VLKN LIMITED Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
13,640 
12,499 
26,139 
Additions
2,959 
1,342 
4,301 
At 31 July 2023
16,599 
13,841 
30,440 
Depreciation
At 1 August 2022
10,946 
2,250 
13,196 
Charge for the year
1,865 
2,086 
3,951 
At 31 July 2023
12,811 
4,336 
17,147 
Net book value
At 31 July 2023
3,788 
9,505 
13,293 
At 31 July 2022
2,694 
10,249 
12,943 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
18,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
3,798 
3,520 
Trade creditors
1,504 
515 
Taxes and social security
6,582 
8,003 
Other creditors
7,057 
15,594 
28,941 
37,632 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,167 
29,167 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Transactions with related parties
Included within other creditors is an amount of £6,916 (2022: £15,454) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
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VLKN LIMITED Notes to the Accounts for the year ended 31 July 2023
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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