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Registered Number: 11393982
England and Wales

 

 

 

VD TECHNOLOGIES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
  2023   2022
    £ £   £ £
Fixed assets   19,018      32,266 
Current assets 40,242      77,871   
Creditors: amount falling due within one year (64,304)     (49,406)  
Net current liabilities   (24,062)     28,465 
Total assets less current liabilities   (5,044)     60,731 
Creditors: amount falling due after more than one year   (32,465)     (39,272)
Net liabilities   (37,509)     21,459 
 

         
Capital and reserves   (37,509)     21,459 
 
NOTES TO THE ACCOUNTS

General Information
VD TECHNOLOGIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11393982, registration address 20 Roman Way, Carshalton, United Kingdom, SM5 4EF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 4 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 July 2022 52,990    52,990 
Additions  
Disposals  
At 30 June 2023 52,990    52,990 
Depreciation
At 01 July 2022 20,724    20,724 
Charge for year 13,248    13,248 
On disposals  
At 30 June 2023 33,972    33,972 
Net book values
Closing balance as at 30 June 2023 19,018    19,018 
Opening balance as at 01 July 2022 32,266    32,266 

The net book value of Motor Vehicles includes £ 19,018 (2022 £32,266) in respect of assets leased under finance leases or hire purchase contracts.

3.

Average number of employees

There are 2 employees on an average.
Average number of employees during the year was 2 (2022 : 2).


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 21 March 2024 and were signed on its behalf by:


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Bharath Kumar BHEEMA
Director
1