1 September 2023 v2024.47.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP091959912023-09-012024-08-31091959912024-08-31091959912023-08-3109195991core:WithinOneYear2024-08-3109195991core:WithinOneYear2023-08-3109195991core:AfterOneYear2024-08-3109195991core:AfterOneYear2023-08-3109195991core:ShareCapital2024-08-3109195991core:ShareCapital2023-08-3109195991core:RetainedEarningsAccumulatedLosses2024-08-3109195991core:RetainedEarningsAccumulatedLosses2023-08-3109195991bus:Director12023-09-012024-08-3109195991bus:RegisteredOffice2023-09-012024-08-31091959912022-09-012023-08-310919599112023-09-012024-08-3109195991countries:EnglandWales2023-09-012024-08-3109195991bus:AuditExemptWithAccountantsReport2023-09-012024-08-3109195991bus:PrivateLimitedCompanyLtd2023-09-012024-08-3109195991bus:SmallEntities2023-09-012024-08-3109195991bus:FullAccounts2023-09-012024-08-31
Company registration number:
09195991
Vestlin Limited
Unaudited Filleted Financial Statements for the year ended
31 August 2024
Vestlin Limited
Report of the Accountant to the director of Vestlin Limited
Year ended
31 August 2024
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 August 2024
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MPA Accounting
The Grain Store
Merstone
Isle of Wight
PO30 3DE
United Kingdom
Date:
8 October 2024
Vestlin Limited
Statement of Financial Position
31 August 2024
20242023
Note££
Current assets    
Stocks
182,794
 
182,794
 
Debtors 5
102
 
100
 
Cash at bank and in hand
227
 
3,810
 
183,123
 
186,704
 
Creditors: amounts falling due within one year 6
(29,034
)
(21,155
)
Net current assets
154,089
 
165,549
 
Total assets less current liabilities 154,089   165,549  
Creditors: amounts falling due after more than one year 7
(245,600
)
(245,600
)
Net liabilities
(91,511
)
(80,051
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(91,611
)
(80,151
)
Shareholders deficit
(91,511
)
(80,051
)
For the year ending
31 August 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
8 October 2024
, and are signed on behalf of the board by:
S Mcintosh
Director
Company registration number:
09195991
Vestlin Limited
Notes to the Financial Statements
Year ended
31 August 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
3 Clarence Road
,
Shanklin
,
PO37 7BH
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Debtors

20242023
££
Other debtors
102
 
100
 

6 Creditors: amounts falling due within one year

20242023
££
Taxation and social security -  
167
 
Other creditors
29,034
 
20,988
 
29,034
 
21,155
 

7 Creditors: amounts falling due after more than one year

20242023
££
Other creditors
245,600
 
245,600