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REGISTERED NUMBER: 13449378 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

VIBE CONSTRUCT LTD

VIBE CONSTRUCT LTD (REGISTERED NUMBER: 13449378)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIBE CONSTRUCT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: J A Occleshaw





REGISTERED OFFICE: C/O CBHC
Suite 3, Steeple House, 1st Floor
Church Lane
Chelmsford
Essex
CM1 1NH





BUSINESS ADDRESS: 7 Worrin Road
Shenfield
Essex
CM15 8DE





REGISTERED NUMBER: 13449378 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

VIBE CONSTRUCT LTD (REGISTERED NUMBER: 13449378)

BALANCE SHEET
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,449 18,140

CURRENT ASSETS
Debtors 5 1,820 1,603
Cash at bank 314 8,111
2,134 9,714
CREDITORS
Amounts falling due within one year 6 79,833 55,130
NET CURRENT LIABILITIES (77,699 ) (45,416 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(63,250

)

(27,276

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (63,350 ) (27,376 )
(63,250 ) (27,276 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VIBE CONSTRUCT LTD (REGISTERED NUMBER: 13449378)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 6 September 2023 and were signed by:





J A Occleshaw - Director


VIBE CONSTRUCT LTD (REGISTERED NUMBER: 13449378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Vibe Construct Ltd 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. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

20% and 25% on reducing balance.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

VIBE CONSTRUCT LTD (REGISTERED NUMBER: 13449378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 22,780
DEPRECIATION
At 1 July 2022 4,640
Charge for year 3,691
At 30 June 2023 8,331
NET BOOK VALUE
At 30 June 2023 14,449
At 30 June 2022 18,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Other debtors 1,820 1,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Taxation and social security - 346
Other creditors 79,833 54,784
79,833 55,130

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2023 and the period ended 30 June 2022:

30/6/23 30/6/22
£    £   
J A Occleshaw
Balance outstanding at start of year 48,639 -
Amounts advanced 31,194 48,639
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 79,833 48,639

VIBE CONSTRUCT LTD (REGISTERED NUMBER: 13449378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

As at the reporting date the company owed Mr J A Occleshaw £79,833 (2022: £48,639).