Registered number
10124488
Vogue London Ltd
Filleted Accounts
31 March 2023
Vogue London Ltd
Registered number: 10124488
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 423 2,933
Current assets
Stocks 32,500 42,500
Debtors 4 171,756 117,451
Cash at bank and in hand 54,805 42,937
259,061 202,888
Creditors: amounts falling due within one year 5 (237,552) (199,665)
Net current assets 21,509 3,223
Net assets 21,932 6,156
Capital and reserves
Called up share capital 2 2
Profit and loss account 21,930 6,154
Shareholders' funds 21,932 6,156
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.
Mr MohamedIrfan
Director
Approved by the board on 24 December 2023
Vogue London Ltd
Notes to the Accounts
for the year ended 31 March 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).
The financial statements are presented in sterling (£) which is also the functional currency for the company and rounded to the nearest £.
The accounts have been prepared on the going concern basis on the understanding that the directors and shareholders will continue to financially support the company.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 12,550
At 31 March 2023 12,550
Depreciation
At 1 April 2022 9,617
Charge for the year 2,510
At 31 March 2023 12,127
Net book value
At 31 March 2023 423
At 31 March 2022 2,933
4 Debtors 2023 2022
£ £
Trade debtors 3,616 1
Amounts owed by group undertakings and undertakings in which the company has a participating interest 120,050 117,450
Other debtors 48,090 -
171,756 117,451
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 35,581 41,632
Trade creditors 35,447 23,796
Taxation and social security costs 52,928 54,314
Other creditors 113,596 79,923
237,552 199,665
6 Related party transactions
The total amount of dividend paid to the directors amount to
The company has taken advantage of the exemption, under the terms of Financial Reporting
standrad 102. The Financial Reporting Standard Applicable in the UK and Republic of Ireland',
not to disclose transactions entered into between two or more members of a group on the basis
that any subsidiary undertakings which is a party to the transaction is a wholly owned subsidiary
undertaking within the group.
7 Controlling party
The company is a wholly owned subsidiary undertaking of Ameniz Diamonds Ltd, a company
registered in England and Wales.
8 Other information
Vogue London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5
Hatton Garden
London
EC1N 8AA
Vogue London Ltd 10124488 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Mr MohamedIrfan No description of principal activity 10124488 2021-05-01 2022-03-31 10124488 core:WithinOneYear 2022-03-31 10124488 core:ShareCapital 2022-03-31 10124488 core:RetainedEarningsAccumulatedLosses 2022-03-31 10124488 2022-04-01 2023-03-31 10124488 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10124488 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10124488 bus:Director40 2022-04-01 2023-03-31 10124488 1 2022-04-01 2023-03-31 10124488 2 2022-04-01 2023-03-31 10124488 core:PlantMachinery 2022-04-01 2023-03-31 10124488 countries:England 2022-04-01 2023-03-31 10124488 bus:FRS102 2022-04-01 2023-03-31 10124488 bus:FullAccounts 2022-04-01 2023-03-31 10124488 2023-03-31 10124488 core:WithinOneYear 2023-03-31 10124488 core:ShareCapital 2023-03-31 10124488 core:RetainedEarningsAccumulatedLosses 2023-03-31 10124488 core:PlantMachinery 2023-03-31 10124488 2022-03-31 10124488 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure