2022-12-01 2023-11-30 06750628 Vichag Limited false 06750628 2022-12-01 2023-11-30 06750628 uk-bus:Director1 2022-12-01 2023-11-30 06750628 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06750628 uk-bus:SmallEntities 2022-12-01 2023-11-30 06750628 uk-bus:FullAccounts 2022-12-01 2023-11-30 06750628 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06750628 2022-12-01 06750628 2023-11-30 06750628 2022-11-30 xbrli:pure iso4217:GBP 06750628 2021-12-01 2022-11-30
Company Registration Number : 06750628 (England and Wales)
06750628
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-11-30
false
Vichag Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-12-01
Vichag Limited
Unaudited filleted financial statements
For the year ended 30 November 2023
Vichag Limited
Contents
For the year ended 30 November 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Vichag Limited
Company Information
For the year ended 30 November 2023

Company registration number 06750628 (England and Wales)
Director Venkata Subbarao Chaganty
Company secretary Mahalakshmi Jyothi Chaganty
Registered office address 23a Burlish Avenue
Solihull
West Midlands
West Midlands
B92 8BF
Accountant DNS Associates
Chartered Institute of Management Accountants
382 Kenton Road
Harrow, Middlesex
United Kingdom
HA3 8DP
Vichag Limited
Statement of Financial Position
For the year ended 30 November 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 867 1,156
6 867 1,156
Current assets
Debtors 15,736 23,366
Cash and cash equivalents 76,434 107,691
92,170 131,057
Current liabilities
Creditors: Amounts falling due within one year (46,535) (44,714)
(46,535) (44,714)
Net current assets/(liabilities) 45,635 86,343
Total assets less current liabilities 46,502 87,499
Non-current liabilities
Provision for liabilities (165) (220)
Net assets/(liabilities) 46,337 87,280
Capital and reserves
Called up share capital 4 4
Retained earnings 46,333 87,276
Shareholders' funds 46,337 87,280
For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 August 2024
.............................
Venkata Subbarao Chaganty (Director)
Company registration number: 06750628
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-11-30 30 November 2023
2023 2022
£ £
Fixed Assets 867 1,156
Current Assets 92,170 131,057
Creditors: amounts falling due within one year (46,535) (44,714)
Net current assets (liabilities) 45,635 86,343
Total assets less current liabilities 46,502 87,499
Provisions for liabilities (165) (220)
Net Assets (liabilities) 46,337 87,280
Capital and Reserves 46,337 87,280
For the year ending 30/11/2023 the company was entitled to exemption 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. For the year ending 30-11-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 28 August 2024 2024-08-28 and signed on behalf of the board,
.............................
Venkata Subbarao Chaganty
Director
Company registration number: 06750628
Vichag Limited
Notes to the Financial Statements
For the year ended 30 November 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 23a Burlish Avenue, Solihull, West Midlands, West Midlands, B92 8BF.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Foreign currency
Transactions in foreign currencies other than its functional currency are recorded at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year-end date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement within financial income or expense, as appropriate. Non-monetary assets that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of come and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 5 (2022 : 6).

(6) Fixed assets
Tangible

£
Cost
As at 01 December 20227,263
As at 30 November 20237,263
Depreciation/Amortisation
As at 01 December 20226,107
For the year289
As at 30 November 20236,396
Net book value
As at 30 November 2023867
As at 30 November 20221,156