Company Registration No. 11056860 (England and Wales)
Vexford Homes Limited
Unaudited accounts
for the year ended 30 November 2023
Vexford Homes Limited
Unaudited accounts
Contents
Vexford Homes Limited
Company Information
for the year ended 30 November 2023
Directors
Hussein Essajee
Mohammed Essajee
Amirali Kaderbhai
Murtaza Kaderbhai
Company Number
11056860 (England and Wales)
Registered Office
96 Leicester Road
Wigston
Leicestershire
LE18 1DR
Accountants
Embee Oak
Cardinal Point
Park Road
Rickmansworth
Herts
WD3 1RE
Vexford Homes Limited
Statement of financial position
as at 30 November 2023
Tangible assets
2,270
3,405
Inventories
666,141
146,127
Debtors
1,073,917
1,099,643
Cash at bank and in hand
5,921
9,825
Creditors: amounts falling due within one year
(1,779,842)
(1,258,124)
Net current liabilities
(33,863)
(2,529)
Net (liabilities)/assets
(31,593)
876
Called up share capital
100
100
Profit and loss account
(31,693)
776
Shareholders' funds
(31,593)
876
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Hussein Essajee
Director
Company Registration No. 11056860
Vexford Homes Limited
Notes to the Accounts
for the year ended 30 November 2023
Vexford Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 11056860. The registered office is 96 Leicester Road, Wigston, Leicestershire, LE18 1DR.
2
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 years straight line
4
Tangible fixed assets
Motor vehicles
Vexford Homes Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
1,010,723
1,041,901
Other debtors
50,000
50,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
37,462
6,612
Taxes and social security
1,673
805
Other creditors
540,141
400,141
Loans from directors
874,303
524,303
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).