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COMPANY REGISTRATION NUMBER: 12325271
VH PA Solutions Ltd
Filleted Unaudited Financial Statements
30 November 2023
VH PA Solutions Ltd
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
5,563
13,135
Current assets
Debtors
5
3,478
Creditors: amounts falling due within one year
6
8,857
12,727
-------
--------
Net current liabilities
5,379
12,727
-------
--------
Total assets less current liabilities
184
408
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
84
308
----
----
Shareholders funds
184
408
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 January 2024 , and are signed on behalf of the board by:
Victoria Marie Hands
Director
Company registration number: 12325271
VH PA Solutions Ltd
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 136 St Albans Road, Watford, WD24 4FT.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102 and have taken all the necessary disclosure exemptions available.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% straight line
Equipment
-
25% straight line
3. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
4. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 December 2022 and 30 November 2023
22,160
8,127
30,287
--------
-------
--------
Depreciation
At 1 December 2022
15,120
2,032
17,152
Charge for the year
5,540
2,032
7,572
--------
-------
--------
At 30 November 2023
20,660
4,064
24,724
--------
-------
--------
Carrying amount
At 30 November 2023
1,500
4,063
5,563
--------
-------
--------
At 30 November 2022
7,040
6,095
13,135
--------
-------
--------
5. Debtors
2023
2022
£
£
Trade debtors
3,407
Other debtors
71
-------
----
3,478
-------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
238
42
Corporation tax
8,619
5,757
Other creditors
6,928
-------
--------
8,857
12,727
-------
--------
7. Director's advances, credits and guarantees
There are no significant transactions with the director requiring further disclosure.