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COMPANY REGISTRATION NUMBER: 07013611
VAT Care Limited
Filleted Unaudited Abridged Financial Statements
30 November 2023
VAT Care Limited
Abridged Financial Statements
Year Ended 30 November 2023
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 4
VAT Care Limited
Abridged Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Current Assets
Debtors
87,571
105,435
Cash at bank and in hand
2,763
966
--------
---------
90,334
106,401
Creditors: amounts falling due within one year
11,273
14,759
--------
---------
Net Current Assets
79,061
91,642
--------
--------
Total Assets Less Current Liabilities
79,061
91,642
Creditors: amounts falling due after more than one year
19,167
29,167
--------
--------
Net Assets
59,894
62,475
--------
--------
Capital and Reserves
Called up share capital
5
2
1
Profit and loss account
59,892
62,474
--------
--------
Shareholders Funds
59,894
62,475
--------
--------
These abridged 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 abridged statement of comprehensive income 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.
VAT Care Limited
Abridged Statement of Financial Position (continued)
30 November 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
Mr R Burton
Director
Company registration number: 07013611
VAT Care Limited
Notes to the Abridged 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 The Mansion House, 19 Kingfield Road, Sheffield, S11 9AS, United Kingdom.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis. The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director monitors results and cash flow on an ongoing basis. The director believes the company has sufficient working capital, through support from related companies, to continue to trade for the foreseeable future. Therefore, the director considers it is appropriate to prepare financial statements on a going concern basis.
Revenue recognition
Turnover represents amounts earned during the year from services provided.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
1
1
----
----
----
----
6. Related party transactions
During the year the company provided and received short and long term loans from related parties. The balances outstanding due from/(to) related parties at 30 November 2023 are as follows:
2023 2022
£ £
Amounts due from group undertakings 83,414
Amounts due from related parties 4,158 105,436
The above are interest fee, unsecured and repayable on demand.
7. Controlling party
The ultimate parent company is RB & RB Holdings Limited, a company incorporated in England and Wales.