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Company Registration No. 14364011 (England and Wales)
VS Furniture Co Limited Unaudited accounts for the year ended 29 February 2024
VS Furniture Co Limited Unaudited accounts Contents
Page
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VS Furniture Co Limited Company Information for the year ended 29 February 2024
Director
Tatjana Von Stein
Company Number
14364011 (England and Wales)
Registered Office
Cloudesley House 16b Cloudesley Street London London N1 0HU England
Accountants
Addition Financial Limited Addition at 1 Lyric Square Hammersmith London W6 0NB
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VS Furniture Co Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,545 
- 
Current assets
Inventories
55,602 
10,000 
Debtors
30,207 
28,000 
Cash at bank and in hand
3,267 
- 
89,076 
38,000 
Creditors: amounts falling due within one year
(16,675)
- 
Net current assets
72,401 
38,000 
Total assets less current liabilities
106,946 
38,000 
Creditors: amounts falling due after more than one year
(265,852)
(136,064)
Net liabilities
(158,906)
(98,064)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(158,907)
(98,065)
Shareholders' funds
(158,906)
(98,064)
For the year ending 29 February 2024 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 10 October 2024 and were signed on its behalf by
Tatjana Von Stein Director Company Registration No. 14364011
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VS Furniture Co Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
VS Furniture Co Limited is a private company, limited by shares, registered in England and Wales, registration number 14364011. The registered office is Cloudesley House, 16b Cloudesley Street, London, London, N1 0HU, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
40,899 
At 29 February 2024
40,899 
Depreciation
Charge for the year
6,354 
At 29 February 2024
6,354 
Net book value
At 29 February 2024
34,545 
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VS Furniture Co Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
29,850 
- 
Accrued income and prepayments
357 
28,000 
30,207 
28,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,010 
- 
VAT
228 
- 
Trade creditors
13,437 
- 
16,675 
- 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
265,852 
136,064 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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