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Registered number: 08044108









VTESSE HARLOW LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
VTESSE HARLOW LIMITED
 
 
COMPANY INFORMATION


Directors
A Paul 
R Tinner 
C Ziemniak 




Company secretary
Richard Tinner



Registered number
08044108



Registered office
4 Beaconsfield Road
2nd Floor

St Albans

Hertfordshire

AL1 3RD




Accountants
WMT
Chartered Accountants

4 Beaconsfield Road

St Albans

Hertfordshire

AL1 3RD





 
VTESSE HARLOW LIMITED
 

CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 5


 
VTESSE HARLOW LIMITED
REGISTERED NUMBER: 08044108

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
126
5,487

Cash at bank and in hand
 6 
3,877
7,973

  
4,003
13,460

Creditors: amounts falling due within one year
 7 
(894,197)
(896,395)

Net current liabilities
  
 
 
(890,194)
 
 
(882,935)

Total assets less current liabilities
  
(890,194)
(882,935)

  

Net liabilities
  
(890,194)
(882,935)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(890,294)
(883,035)

  
(890,194)
(882,935)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Tinner
Director

Date: 7 August 2024

Page 1

 
VTESSE HARLOW LIMITED
REGISTERED NUMBER: 08044108
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
VTESSE HARLOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Vtesse Harlow Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through a Shareholders loan. The Shareholders intend to continue to support the company. As a result they have adopted the going concern basis of accounting.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
VTESSE HARLOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

The directors of the company who do not have contracts of employment are set out in the directors report.  The company has no other employees (2022 nil ).

Page 4

 
VTESSE HARLOW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Other debtors
126
5,487

126
5,487



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,877
7,973

3,877
7,973



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
486
7,352

Other creditors
892,636
883,656

Accruals and deferred income
1,075
5,387

894,197
896,395



8.


Related party transactions

A Interest-free payable on demand loan has been provided to the company by a Director of £451,531 (2023: £442,551).

 
Page 5