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REGISTERED NUMBER: 14729755 (England and Wales)















VLS ESTATE AGENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024






VLS ESTATE AGENTS LTD (REGISTERED NUMBER: 14729755)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VLS ESTATE AGENTS LTD

COMPANY INFORMATION
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024







DIRECTOR: Mrs V L Smith





SECRETARY:





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High St South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 14729755 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

VLS ESTATE AGENTS LTD (REGISTERED NUMBER: 14729755)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 300

CURRENT ASSETS
Debtors 5 21,056
Cash at bank 4,736
25,792
CREDITORS
Amounts falling due within one year 6 9,571
NET CURRENT ASSETS 16,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,521

PROVISIONS FOR LIABILITIES 7 57
NET ASSETS 16,464

CAPITAL AND RESERVES
Called up share capital 50
Retained earnings 16,414
SHAREHOLDERS' FUNDS 16,464

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

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

The director acknowledges her 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.

VLS ESTATE AGENTS LTD (REGISTERED NUMBER: 14729755)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 19 September 2024 and were signed by:





Mrs V L Smith - Director


VLS ESTATE AGENTS LTD (REGISTERED NUMBER: 14729755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

VLS Estate Agents Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

Taxation
Taxation for the period 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 period 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.

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 period was 2 .

VLS ESTATE AGENTS LTD (REGISTERED NUMBER: 14729755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 400
At 31 March 2024 400
DEPRECIATION
Charge for period 100
At 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Prepayments and accrued income 441
VLS Mortgages & More Ltd 20,615
21,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Corporation tax 3,996
Pension control acc 472
Directors' current accounts 3,951
Accruals and deferred income 1,054
Net wages control 98
9,571

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 57

Deferred
tax
£   
Charge to Income Statement during period 57
Balance at 31 March 2024 57

VLS ESTATE AGENTS LTD (REGISTERED NUMBER: 14729755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 MARCH 2023 TO 31 MARCH 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024:

£   
Mrs V L Smith
Balance outstanding at start of period -
Amounts advanced 3,951
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 3,951