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REGISTERED NUMBER: 10571102 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Vesta Interiors London Limited

Vesta Interiors London Limited (Registered number: 10571102)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vesta Interiors London Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C L Dale
Mr R P Dardis





REGISTERED OFFICE: Unit D7
J31 Park
Motherwell Way
Thurrock
Essex
RM20 3XD





REGISTERED NUMBER: 10571102 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Vesta Interiors London Limited (Registered number: 10571102)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 338,142 237,347

CURRENT ASSETS
Stocks 1,373,017 993,711
Debtors 5 695,782 802,391
Cash at bank and in hand 415,168 699,423
2,483,967 2,495,525
CREDITORS
Amounts falling due within one year 6 (2,128,549 ) (2,254,433 )
NET CURRENT ASSETS 355,418 241,092
TOTAL ASSETS LESS CURRENT LIABILITIES 693,560 478,439

CREDITORS
Amounts falling due after more than one year 7 (97,699 ) (93,249 )

PROVISIONS FOR LIABILITIES (76,585 ) (49,159 )
NET ASSETS 519,276 336,031

CAPITAL AND RESERVES
Called up share capital 98 100
Share premium 249,983 249,983
Capital redemption reserve 2 -
Retained earnings 269,193 85,948
519,276 336,031

Vesta Interiors London Limited (Registered number: 10571102)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:




Mr R P Dardis - Director



Mr C L Dale - Director


Vesta Interiors London Limited (Registered number: 10571102)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Vesta Interiors London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Rendering of services:
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will received the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Tangible assets are included at cost less depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and loss.

Vesta Interiors London Limited (Registered number: 10571102)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 31 ) .

Vesta Interiors London Limited (Registered number: 10571102)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 464,361
Additions 226,439
Disposals (94,143 )
At 31 March 2024 596,657
DEPRECIATION
At 1 April 2023 227,014
Charge for year 97,330
Eliminated on disposal (65,829 )
At 31 March 2024 258,515
NET BOOK VALUE
At 31 March 2024 338,142
At 31 March 2023 237,347

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 221,395
Additions 205,396
Disposals (77,079 )
Transfer to ownership (61,304 )
At 31 March 2024 288,408
DEPRECIATION
At 1 April 2023 88,045
Charge for year 42,510
Eliminated on disposal (29,565 )
Transfer to ownership (23,514 )
At 31 March 2024 77,476
NET BOOK VALUE
At 31 March 2024 210,932
At 31 March 2023 133,350

Vesta Interiors London Limited (Registered number: 10571102)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 403,515 367,835
Other debtors 236,017 378,306
639,532 746,141

Amounts falling due after more than one year:
Other debtors 56,250 56,250

Aggregate amounts 695,782 802,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 8) 43,570 44,449
Trade creditors 18,030 18,281
Taxation and social security 314,188 235,749
Other creditors 1,752,761 1,955,954
2,128,549 2,254,433

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 8) 97,699 93,249

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 43,570 44,449
Between one and five years 97,699 93,249
141,269 137,698

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 154,760 125,000
Between one and five years 145,833 270,833
300,593 395,833

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C L Dale.