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REGISTERED NUMBER: 10192704 (England and Wales)













Vonix Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Vonix Limited (Registered number: 10192704)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vonix Limited

Company Information
for the year ended 31 May 2023







DIRECTORS: P Edwards
Mrs J Edwards





REGISTERED OFFICE: Lymore Villa
162A London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 10192704 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Vonix Limited (Registered number: 10192704)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,248 1,175
Investments 6 50 -
1,298 1,175

CURRENT ASSETS
Stocks 15,895 13,594
Debtors 7 7,111 9,086
Cash at bank 7,274 17,099
30,280 39,779
CREDITORS
Amounts falling due within one year 8 33,580 26,980
NET CURRENT (LIABILITIES)/ASSETS (3,300 ) 12,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,002

)

13,974

CREDITORS
Amounts falling due after more than one
year

9

(38,000

)

(38,000

)

PROVISIONS FOR LIABILITIES (237 ) (223 )
NET LIABILITIES (40,239 ) (24,249 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (40,243 ) (24,253 )
SHAREHOLDERS' FUNDS (40,239 ) (24,249 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Vonix Limited (Registered number: 10192704)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2023 and were signed on its behalf by:





P Edwards - Director


Vonix Limited (Registered number: 10192704)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Vonix Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of goods / services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 222 2,350 2,572
Additions 458 - 458
At 31 May 2023 680 2,350 3,030
DEPRECIATION
At 1 June 2022 164 1,233 1,397
Charge for year 104 281 385
At 31 May 2023 268 1,514 1,782
NET BOOK VALUE
At 31 May 2023 412 836 1,248
At 31 May 2022 58 1,117 1,175

Vonix Limited (Registered number: 10192704)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

6. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
Additions 50
At 31 May 2023 50
NET BOOK VALUE
At 31 May 2023 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,592 8,489
Other debtors 519 597
7,111 9,086

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,249 -
Taxation and social security 20,951 25,213
Other creditors 1,380 1,767
33,580 26,980

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 38,000 38,000

10. GOING CONCERN

The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The directors have given an undertaking to support the company until it returns to a positive net assets position. They consider that it is appropriate to prepare the accounts on a going concern basis.