Company Registration No. 11737156 (England and Wales)
V24 LTD
Unaudited accounts
for the year ended 31 December 2023
V24 LTD
Unaudited accounts
Contents
V24 LTD
Company Information
for the year ended 31 December 2023
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
V24 LTD
Statement of financial position
as at 31 December 2023
Tangible assets
64,370
91,624
Cash at bank and in hand
24,087
28,727
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)
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
V24 LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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 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 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.
V24 LTD
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
At 31 December 2023
156,706
Charge for the year
27,254
At 31 December 2023
92,336
At 31 December 2023
64,370
At 31 December 2022
91,624
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
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
Loans from directors
33,361
40,198
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).