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REGISTERED NUMBER: 11883746 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

VLC Designs Ltd

VLC Designs Ltd (Registered number: 11883746)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VLC Designs Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: V L J Crocker





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 11883746 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

VLC Designs Ltd (Registered number: 11883746)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,462 7,011

CURRENT ASSETS
Debtors 5 3,094 4,977
Cash at bank 50,046 34,009
53,140 38,986
CREDITORS
Amounts falling due within one year 6 (10,775 ) (10,842 )
NET CURRENT ASSETS 42,365 28,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,827

35,155

PROVISIONS FOR LIABILITIES 7 (2,368 ) (1,332 )
NET ASSETS 52,459 33,823

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 52,359 33,723
52,459 33,823

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

VLC Designs Ltd (Registered number: 11883746)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





V L J Crocker - Director


VLC Designs Ltd (Registered number: 11883746)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

VLC Designs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The Principle activity of the company is that of services in specialised design activities.

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, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% Reducing Balance
Computer equipment25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

VLC Designs Ltd (Registered number: 11883746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 9,297 2,598 11,895
Additions 3,400 4,777 8,177
At 31 March 2024 12,697 7,375 20,072
DEPRECIATION
At 1 April 2023 3,893 991 4,884
Charge for year 1,705 1,021 2,726
At 31 March 2024 5,598 2,012 7,610
NET BOOK VALUE
At 31 March 2024 7,099 5,363 12,462
At 31 March 2023 5,404 1,607 7,011

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related company 3,094 1,658
Other debtors - 3,319
3,094 4,977

The directors consider the carrying value of trade and other receivables approximate to their fair values.

VLC Designs Ltd (Registered number: 11883746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,977 3,959
Other creditors 5,798 6,883
10,775 10,842

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,368 1,332

Deferred
tax
£   
Balance at 1 April 2023 1,332
Provided during year 1,036
Balance at 31 March 2024 2,368

8. RESERVES

PROFIT & LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. RELATED PARTY DISCLOSURES

At the balance sheet date included in other creditors were amounts due to the director Victoria-Louise Jeanette Crocker of £1,120 (2023 - £475). This loan is interest free and repayable on demand.