Registered number
08200780
VIBRANT-CREATIVE LIMITED
Report and Accounts
31 March 2024
VIBRANT-CREATIVE LIMITED
Registered number: 08200780
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 2,244
Current assets
Cash at bank and in hand - 3,777
Creditors: amounts falling due within one year 4 (841) (932)
Net current (liabilities)/assets (841) 2,845
Net (liabilities)/assets (841) 5,089
Capital and reserves
Called up share capital 100 100
Profit and loss account (941) 4,989
Shareholder's funds (841) 5,089
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Shah
Director
Approved by the board on 28 August 2024
VIBRANT-CREATIVE LIMITED
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, Fittings & Equipment 25% per annum on a reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, Fittings & Equipment
£
Cost
At 1 October 2023 11,307
Disposals (11,307)
At 31 March 2024 -
Depreciation
At 1 October 2023 9,063
On disposals (9,063)
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 30 September 2023 2,244
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 841 932
5 Other information
VIBRANT-CREATIVE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
111 High Street
Edgware
Middlesex
HA8 7DB
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