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REGISTERED NUMBER: 11744223 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

VB Inns Ltd

VB Inns Ltd (Registered number: 11744223)






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


VB Inns Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J A Rowell





SECRETARY:





REGISTERED OFFICE: 44 High Street
Burwell
Cambridge
United Kingdom
CB25 0HD





REGISTERED NUMBER: 11744223 (England and Wales)





ACCOUNTANTS: Innhouse Associates
Godolphin House
2 The Avenue
Newmarket
Suffolk
CB8 9AA

VB Inns Ltd (Registered number: 11744223)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,058 11,058
Tangible assets 5 9,555 25,081
20,613 36,139

CURRENT ASSETS
Stocks 6,436 13,498
Debtors 6 60,224 50,693
Cash at bank and in hand 44,918 36,846
111,578 101,037
CREDITORS
Amounts falling due within one year 7 50,584 57,261
NET CURRENT ASSETS 60,994 43,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,607

79,915

CREDITORS
Amounts falling due after more than
one year

8

(38,142

)

(44,760

)

PROVISIONS FOR LIABILITIES (3,917 ) (6,866 )
NET ASSETS 39,548 28,289

VB Inns Ltd (Registered number: 11744223)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 39,546 28,287
39,548 28,289

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.

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 9 July 2024 and were signed by:





J A Rowell - Director


VB Inns Ltd (Registered number: 11744223)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

VB Inns 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.

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, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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

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.


VB Inns Ltd (Registered number: 11744223)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 11,058
NET BOOK VALUE
At 31 December 2023 11,058
At 31 December 2022 11,058

VB Inns Ltd (Registered number: 11744223)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 66,760
Additions 230
Disposals (16,045 )
At 31 December 2023 50,945
DEPRECIATION
At 1 January 2023 41,679
Charge for year 9,834
Eliminated on disposal (10,123 )
At 31 December 2023 41,390
NET BOOK VALUE
At 31 December 2023 9,555
At 31 December 2022 25,081

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 60,224 50,693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 18,580 27,696
Taxation and social security 24,897 23,389
Other creditors 7,107 6,176
50,584 57,261

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 38,142 44,760