Registered number
06312864
VINARCHSEL LIMITED
Filleted Accounts
31 July 2023
VINARCHSEL LIMITED
Registered number: 06312864
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,000 1,012
Current assets
Debtors 4 3,590 859
Investments held as current assets 5 27,000 27,000
Cash at bank and in hand 802 25,080
31,392 52,939
Creditors: amounts falling due within one year 6 (6,110) (16,193)
Net current assets 25,282 36,746
Total assets less current liabilities 48,282 37,758
Creditors: amounts falling due after more than one year 7 (41,749) (24,101)
Net assets 6,533 13,657
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,532 13,656
Shareholders' funds 6,533 13,657
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Vinoth Dhanapal
Director
Approved by the board on 26 October 2023
VINARCHSEL LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Vehicles 15% on WDV
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 6,659 - 6,659
Additions - 26,464 26,464
At 31 July 2023 6,659 26,464 33,123
Depreciation
At 1 August 2022 5,647 - 5,647
Charge for the year 506 3,970 4,476
At 31 July 2023 6,153 3,970 10,123
Net book value
At 31 July 2023 506 22,494 23,000
At 31 July 2022 1,012 - 1,012
4 Debtors 2023 2022
£ £
Other debtors 3,590 859
5 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 27,000 27,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,397 13,952
Other creditors 4,713 2,241
6,110 16,193
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,685 24,101
Obligations under finance lease and hire purchase contracts 22,064 -
41,749 24,101
8 Other information
VINARCHSEL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, Merritt House
Hill Avenue
Amersham
Buckinghamshire
HP6 5BQ
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