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REGISTERED NUMBER: 12915187 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th September 2023

for

VAT Representative Services (Uk) Limited

VAT Representative Services (Uk) Limited (Registered number: 12915187)






Contents of the Financial Statements
for the Year Ended 30th September 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


VAT Representative Services (Uk) Limited (Registered number: 12915187)

Abridged Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,568 119

CURRENT ASSETS
Debtors 84,723 39,415
Cash at bank and in hand 6,429 5,046
91,152 44,461
CREDITORS
Amounts falling due within one year 54,868 42,290
NET CURRENT ASSETS 36,284 2,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,852

2,290

PROVISIONS FOR LIABILITIES 720 -
NET ASSETS 43,132 2,290

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,032 2,190
SHAREHOLDERS' FUNDS 43,132 2,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VAT Representative Services (Uk) Limited (Registered number: 12915187)

Abridged Balance Sheet - continued
30th September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st October 2024 and were signed by:





Mr T W O'Connor - Director


VAT Representative Services (Uk) Limited (Registered number: 12915187)

Notes to the Financial Statements
for the Year Ended 30th September 2023

1. STATUTORY INFORMATION

VAT Representative Services (Uk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12915187

Registered office: Business Terrace Maidstone House,
King Street
Maidstone
Kent
ME15 6JQ

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.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

Rendering of services
Revenue from the rendering of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. They are subsequently released to the profit and loss in the period the services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

VAT Representative Services (Uk) Limited (Registered number: 12915187)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

2. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

VAT Representative Services (Uk) Limited (Registered number: 12915187)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2022 164
Additions 8,550
At 30th September 2023 8,714
DEPRECIATION
At 1st October 2022 45
Charge for year 1,101
At 30th September 2023 1,146
NET BOOK VALUE
At 30th September 2023 7,568
At 30th September 2022 119

5. RELATED PARTY DISCLOSURES

At the year end, the company owed £4,941 (2022 : £15,537) from Article 27 Representation (Uk)Limited.

At the year end, the company owed £1,918 (2022: £5,987 ) to Article 37 (Data Protection Officer) Services (Uk) Limited.

At the year end, the company owed £446 (2022:£446) from Crown (PMS) Ltd.

At the year end, the company owed £8,604 (2022:£783 owed from) to Interim Contingency Services Ltd.

At the year end, the company owed £433 (2022:£350 owed from) to UK Representative Services Limited.

These are interest-free loans.