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REGISTERED NUMBER: 08103983 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Vilo Consulting Limited

Vilo Consulting Limited (Registered number: 08103983)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Vilo Consulting Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms L C Bains
Mr V K Bains





REGISTERED OFFICE: 3rd Floor
207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 08103983 (England and Wales)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Vilo Consulting Limited (Registered number: 08103983)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,785 3,891

CURRENT ASSETS
Debtors 5 27,007 65,303
Cash at bank 17,768 26,242
44,775 91,545
CREDITORS
Amounts falling due within one year 6 32,843 48,226
NET CURRENT ASSETS 11,932 43,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,717

47,210

CREDITORS
Amounts falling due after more than one year 7 13,876 22,918
NET ASSETS 841 24,292

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 839 24,290
841 24,292

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 directors acknowledge their 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.

Vilo Consulting Limited (Registered number: 08103983)

Statement of Financial Position - continued
31 December 2023


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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




Ms L C Bains - Director



Mr V K Bains - Director


Vilo Consulting Limited (Registered number: 08103983)

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

1. STATUTORY INFORMATION

Vilo Consulting Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipments - 20% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2022 - NIL ) .

Vilo Consulting Limited (Registered number: 08103983)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipments Totals
£    £    £   
COST
At 1 January 2023 4,943 5,068 10,011
Additions - 292 292
At 31 December 2023 4,943 5,360 10,303
DEPRECIATION
At 1 January 2023 2,405 3,715 6,120
Charge for year 989 409 1,398
At 31 December 2023 3,394 4,124 7,518
NET BOOK VALUE
At 31 December 2023 1,549 1,236 2,785
At 31 December 2022 2,538 1,353 3,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,911 38,011
Other debtors 11,873 6,984
Directors' current accounts 13,223 20,308
27,007 65,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,785 9,563
Trade creditors 6,151 11,726
Tax 7,175 15,227
VAT 6,640 8,877
Credit Card 234 (171 )
Accrued expenses 2,858 3,004
32,843 48,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 9,223 -
Bank loans - 2-5 years 4,653 22,918
13,876 22,918

Vilo Consulting Limited (Registered number: 08103983)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
Ms L C Bains
Balance outstanding at start of year 16,523 18,116
Amounts advanced 16,412 1,062
Amounts repaid (22,030 ) (2,655 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,905 16,523

Mr V K Bains
Balance outstanding at start of year 3,785 3,372
Amounts advanced 8,162 3,068
Amounts repaid (9,630 ) (2,655 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,317 3,785

Interest is charged at a rate of 2% on balances exceeding £10,000.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £49,200 (2022 - £58,500) were paid to the directors .