Registered number
12664363
Vild Limited
Unaudited Filleted Accounts
30 June 2023
Vild Limited
Registered number: 12664363
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,469 2,986
Current assets
Debtors 4 1,212 7,462
Cash at bank and in hand 19,295 44,239
20,507 51,701
Creditors: amounts falling due within one year 5 (24,874) (27,708)
Net current (liabilities)/assets (4,367) 23,993
Net assets 102 26,979
Capital and reserves
Called up share capital 100 100
Profit and loss account 2 26,879
Shareholder's funds 102 26,979
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
SJ Wild
Director
Approved by the board on 15 April 2024
Vild Limited
Notes to the Accounts
for the year ended 30 June 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 20% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Office equipment
£
Cost
At 1 July 2022 4,114
Additions 2,600
At 30 June 2023 6,714
Depreciation
At 1 July 2022 1,128
Charge for the year 1,117
At 30 June 2023 2,245
Net book value
At 30 June 2023 4,469
At 30 June 2022 2,986
4 Debtors 2023 2022
£ £
Trade debtors 1,212 7,462
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 380 1,076
Taxation and social security costs 15,136 12,408
Corporation tax 7,672 10,757
Other creditors 1,686 3,467
24,874 27,708
6 Controlling party
The controlling party is the sole director SJ Wild by virtue of his ownership of 100% of the issued share capital of the company.
7 Other information
Vild Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4, The Cottages
Deva City Office Park
Trinity Way
Manchester
M3 7BE
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