2023-04-012024-03-312024-03-31false11738301VIBE AGENCY 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VIBE AGENCY LIMITED

Registered Number
11738301
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

VIBE AGENCY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

CASTLE, Thomas Anthony, Dr
PANJWANI, Muntazir Shiraz

Registered Address

The Old Granary
Dunton Road
Laindon
SS15 4DB

Registered Number

11738301 (England and Wales)
VIBE AGENCY LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,1724,862
3,1724,862
Current assets
Stocks1,0274,972
Debtors428,01313,412
Cash at bank and on hand135,761103,105
164,801121,489
Creditors amounts falling due within one year5(58,290)(32,880)
Net current assets (liabilities)106,51188,609
Total assets less current liabilities109,68393,471
Creditors amounts falling due after one year6(65,347)(65,347)
Net assets44,33628,124
Capital and reserves
Called up share capital100100
Profit and loss account44,23628,024
Shareholders' funds44,33628,124
The financial statements were approved and authorised for issue by the Board of Directors on 21 July 2024, and are signed on its behalf by:
CASTLE, Thomas Anthony, Dr
Director
Registered Company No. 11738301
VIBE AGENCY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year109
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 238,449
At 31 March 248,449
Depreciation and impairment
At 01 April 233,587
Charge for year1,690
At 31 March 245,277
Net book value
At 31 March 243,172
At 31 March 234,862
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables26,68812,087
Other debtors1,3251,325
Total28,01313,412
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,376101
Taxation and social security54,54330,554
Other creditors2,3712,225
Total58,29032,880
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Other creditors65,34765,347
Total65,34765,347
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.