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Company Registration No. 11737156 (England and Wales)
V24 LTD Unaudited accounts for the year ended 31 December 2023
V24 LTD Unaudited accounts Contents
Page
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V24 LTD Company Information for the year ended 31 December 2023
Director
Valentina Balliu
Company Number
11737156 (England and Wales)
Registered Office
31 BRYANSTON ROAD TILBURY RM18 8DD ENGLAND
Accountants
Relax Tax Limited 5 Central Parade Station Road Sidcup Kent DA15 7DH
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V24 LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
64,370 
91,624 
Current assets
Debtors
25,985 
39,124 
Cash at bank and in hand
24,087 
28,727 
50,072 
67,851 
Creditors: amounts falling due within one year
(77,715)
(91,092)
Net current liabilities
(27,643)
(23,241)
Total assets less current liabilities
36,727 
68,383 
Creditors: amounts falling due after more than one year
(22,444)
(52,310)
Provisions for liabilities
Deferred tax
(10,303)
(10,303)
Net assets
3,980 
5,770 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,880 
5,670 
Shareholders' funds
3,980 
5,770 
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 her 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 21 August 2024 and were signed on its behalf by
Valentina Balliu Director Company Registration No. 11737156
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V24 LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
V24 LTD is a private company, limited by shares, registered in England and Wales, registration number 11737156. The registered office is 31 BRYANSTON ROAD, TILBURY, RM18 8DD, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 recognised 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 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 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:
Plant & machinery
25% reducing balance method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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V24 LTD Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
156,706 
At 31 December 2023
156,706 
Depreciation
At 1 January 2023
65,082 
Charge for the year
27,254 
At 31 December 2023
92,336 
Net book value
At 31 December 2023
64,370 
At 31 December 2022
91,624 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,985 
39,124 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,667 
13,744 
VAT
8,780 
13,427 
Obligations under finance leases and hire purchase contracts
19,008 
21,612 
Trade creditors
1,284 
1,792 
Amounts owed to group undertakings and other participating interests
4,505 
- 
Taxes and social security
1,110 
18 
Other creditors
- 
301 
Loans from directors
33,361 
40,198 
77,715 
91,092 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
22,444 
52,310 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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