Company Registration No. 08320509 (England and Wales)
VONVIL JUNK LTD
Unaudited accounts
for the year ended 31 December 2023
VONVIL JUNK LTD
Unaudited accounts
Contents
VONVIL JUNK LTD
Company Information
for the year ended 31 December 2023
Director
Mr.Gayan Duminda Dahanayake
Company Number
08320509 (England and Wales)
Registered Office
UNIT 16 INTERNATIONAL HOUSE
CRAY AVENUE
ORPINGTON
BR5 3RS
ENGLAND
Accountants
Philip Nolan Accountants
Unit 16, International House
Cray Avenue
Orpington
BR5 3RS
VONVIL JUNK LTD
Statement of financial position
as at 31 December 2023
Intangible assets
3,600
4,500
Tangible assets
9,761
11,838
Cash at bank and in hand
7,856
6,685
Creditors: amounts falling due within one year
(55,055)
(27,618)
Net current liabilities
(23,393)
(1,646)
Total assets less current liabilities
(10,032)
14,692
Creditors: amounts falling due after more than one year
(37,000)
(37,000)
Net liabilities
(47,032)
(22,308)
Called up share capital
100
100
Profit and loss account
(47,132)
(22,408)
Shareholders' funds
(47,032)
(22,308)
For the year ending 31 December 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 his 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 and authorised for issue on 10 May 2024 and were signed on its behalf by
Mr.Gayan Duminda Dahanayake
Director
Company Registration No. 08320509
VONVIL JUNK LTD
Notes to the Accounts
for the year ended 31 December 2023
VONVIL JUNK LTD is a private company, limited by shares, registered in England and Wales, registration number 08320509. The registered office is UNIT 16 INTERNATIONAL HOUSE, CRAY AVENUE, ORPINGTON, BR5 3RS, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognized when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognized 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.
Intangible fixed assets are measured at cost less accumulative amortization and any accumulative impairment losses.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost.Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,over the useful economic life of that asset as follows:
Fixtures & Fittings-15% (Reducing balance method)
Motor Vehicles-20% (Reducing balance method)
Equipment-15% (Reducing balance method)
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value,over the useful economic life of that asset as follows:
Web site - 15 years on straight line basis
VONVIL JUNK LTD
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
13,500
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
18,191
41,180
3,000
62,371
At 31 December 2023
18,191
41,180
3,000
62,371
At 1 January 2023
13,194
35,177
2,162
50,533
Charge for the year
750
1,201
126
2,077
At 31 December 2023
13,944
36,378
2,288
52,610
At 31 December 2023
4,247
4,802
712
9,761
At 31 December 2022
4,997
6,003
838
11,838
Amounts falling due within one year
Trade debtors
22,654
18,135
Accrued income and prepayments
1,152
1,152
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
15,118
8,103
Taxes and social security
6,549
6,128
Loans from directors
33,388
13,387
VONVIL JUNK LTD
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023
2022
The £ 37,000 amount in the bank loans represent the bounce back loan.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).