Company Registration No. 08129607 (England and Wales)
VETRONE ENTERPRISES LTD
accounts
for the year ended 31 August 2023
VETRONE ENTERPRISES LTD
accounts
Contents
VETRONE ENTERPRISES LTD
Statement of financial position
as at 31 August 2023
Tangible assets
1,405
1,756
Cash at bank and in hand
88,624
82,821
Creditors: amounts falling due within one year
(52,531)
(42,010)
Net current assets
37,333
41,335
Total assets less current liabilities
38,738
43,091
Creditors: amounts falling due after more than one year
(30,077)
(39,556)
Called up share capital
100
100
Profit and loss account
8,561
3,435
Shareholders' funds
8,661
3,535
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 April 2024 and were signed on its behalf by
MUHAMMAD SAEED
Director
Company Registration No. 08129607
VETRONE ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 August 2023
VETRONE ENTERPRISES LTD is a private company, limited by shares, registered in England and Wales, registration number 08129607. The registered office is 70 SOUTHEND ROAD, EAST HAM, LONDON, E6 2AN.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2022
1,550
2,090
3,640
At 31 August 2023
1,550
2,090
3,640
At 1 September 2022
864
1,020
1,884
Charge for the year
137
214
351
At 31 August 2023
1,001
1,234
2,235
At 31 August 2023
549
856
1,405
At 31 August 2022
686
1,070
1,756
VETRONE ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,439
1,155
Loans from directors
49,386
29,718
6
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2022: 1).