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REGISTERED NUMBER: 02452632 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VYAS LIMITED

VYAS LIMITED (REGISTERED NUMBER: 02452632)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VYAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: H Vyas





REGISTERED OFFICE: 6 High Street
Lutterworth
Leicestershire
LE17 4AD





REGISTERED NUMBER: 02452632 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

VYAS LIMITED (REGISTERED NUMBER: 02452632)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 303,500 303,500
Tangible assets 5 49,979 51,016
Investment property 6 244,800 240,000
598,279 594,516

CURRENT ASSETS
Stocks 163,545 119,700
Debtors 7 607,039 631,545
Cash at bank and in hand 735,854 894,974
1,506,438 1,646,219
CREDITORS
Amounts falling due within one year 8 530,854 663,258
NET CURRENT ASSETS 975,584 982,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,573,863

1,577,477

PROVISIONS FOR LIABILITIES 9 8,990 9,076
NET ASSETS 1,564,873 1,568,401

CAPITAL AND RESERVES
Called up share capital 10 105 105
Retained earnings 11 1,564,768 1,568,296
SHAREHOLDERS' FUNDS 1,564,873 1,568,401

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

VYAS LIMITED (REGISTERED NUMBER: 02452632)

BALANCE SHEET - continued
31 DECEMBER 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 1 May 2024 and were signed by:





H Vyas - Director


VYAS LIMITED (REGISTERED NUMBER: 02452632)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Vyas 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arising on acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill currently is not amortised. This is reviewed annually by the director. If the situation changes the director will consider amortisation of goodwill.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

VYAS LIMITED (REGISTERED NUMBER: 02452632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments

Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 34 ) .

VYAS LIMITED (REGISTERED NUMBER: 02452632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 303,500
NET BOOK VALUE
At 31 December 2023 303,500
At 31 December 2022 303,500

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Leasehold to and
property property fittings
£    £    £   
COST
At 1 January 2023 29,161 77,565 340,393
Additions - - 13,412
At 31 December 2023 29,161 77,565 353,805
DEPRECIATION
At 1 January 2023 29,161 76,495 311,496
Charge for year - 952 12,317
At 31 December 2023 29,161 77,447 323,813
NET BOOK VALUE
At 31 December 2023 - 118 29,992
At 31 December 2022 - 1,070 28,897

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 33,583 41,143 521,845
Additions - 3,124 16,536
At 31 December 2023 33,583 44,267 538,381
DEPRECIATION
At 1 January 2023 17,054 36,623 470,829
Charge for year 4,132 172 17,573
At 31 December 2023 21,186 36,795 488,402
NET BOOK VALUE
At 31 December 2023 12,397 7,472 49,979
At 31 December 2022 16,529 4,520 51,016

VYAS LIMITED (REGISTERED NUMBER: 02452632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 240,000
Revaluations 4,800
At 31 December 2023 244,800
NET BOOK VALUE
At 31 December 2023 244,800
At 31 December 2022 240,000

At the year end the director has assessed the property in the light of the local market conditions and the condition of the building. The director is of the opinion that the value included in the accounts is materially fair.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 639 1,231
Other debtors 2,242 1
Directors' current accounts 1,048 -
VAT 41,695 43,167
Prepayments 561,415 587,146
607,039 631,545

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 487,309 545,212
Tax 9,838 38,313
Social security and other taxes 15,938 13,747
Pension control 2,778 2,478
Other creditors 28 47,672
Directors' current accounts - 836
Accrued expenses 14,963 15,000
530,854 663,258

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,990 9,076

Deferred
tax
£   
Balance at 1 January 2023 9,076
Credit to Income Statement during year (86 )
Balance at 31 December 2023 8,990

VYAS LIMITED (REGISTERED NUMBER: 02452632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 £1 100 100
4 Ordinary 2 £1 5 5
105 105

11. RESERVES
Retained
earnings
£   

At 1 January 2023 1,568,296
Profit for the year 41,292
Dividends (44,820 )
At 31 December 2023 1,564,768

12. RELATED PARTY DISCLOSURES

At 31 December 2022, an amount of £1,048 was due from the director (2022 £836 due to the director).