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COMPANY REGISTRATION NUMBER: 14825312
VCD DEL GUERRA LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2024
VCD DEL GUERRA LIMITED
FINANCIAL STATEMENTS
Period from 25 April 2023 to 31 January 2024
CONTENTS
PAGE
Balance sheet
1
Notes to the financial statements
2
VCD DEL GUERRA LIMITED
BALANCE SHEET
31 January 2024
31 Jan 24
Note
£
CURRENT ASSETS
Stocks
667,381
Debtors
5
47,471
Cash at bank and in hand
10,502
---------
725,354
CREDITORS: amounts falling due within one year
6
( 329,784)
---------
NET CURRENT ASSETS
395,570
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
395,570
CREDITORS: amounts falling due after more than one year
7
( 707,907)
---------
NET LIABILITIES
( 312,337)
---------
CAPITAL AND RESERVES
Called up share capital
1
Profit and loss account
( 312,338)
---------
SHAREHOLDERS FUNDS
( 312,337)
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 October 2024 , and are signed on behalf of the board by:
Mr T P Bailey
Director
Company registration number: 14825312
VCD DEL GUERRA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Period from 25 April 2023 to 31 January 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 2 Britannia House, Suite D&E, Penny Lane, Cowbridge, CF71 7EG.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts show that the company had net liabilities of £312,337 at the balance sheet date. The directors have therefore had to consider the appropriateness of the going concern basis. The company has been able to finance its operations largely because of support from the bank and other creditors. Were this support not available, the company may not be able to continue trading. The directors are confident that the company will be able to meet its obligations for at least the next twelve months with the continuing support of these creditors. They therefore consider it appropriate to prepare the accounts on the going concern basis.
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 stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 2 .
5. DEBTORS
31 Jan 24
£
Trade debtors
21,364
Other debtors
26,107
--------
47,471
--------
6. CREDITORS: amounts falling due within one year
31 Jan 24
£
Trade creditors
9,598
Amounts owed to group undertakings and undertakings in which the company has a participating interest
300,000
Social security and other taxes
2,561
Other creditors
17,625
---------
329,784
---------
7. CREDITORS: amounts falling due after more than one year
31 Jan 24
£
Bank loans and overdrafts
707,907
---------
The above includes secured creditors amounting to of £707,907. These balances are secured over the company's investment property.