Company Registration No. 13911762 (England and Wales)
VSC RETAIL LTD
Unaudited accounts
for the year ended 29 February 2024
VSC RETAIL LTD
Unaudited accounts
Contents
VSC RETAIL LTD
Company Information
for the year ended 29 February 2024
Director
Sebastiampillai Vincent Chemble Raj
Company Number
13911762 (England and Wales)
Registered Office
72
BUNTING ROAD
Luton
England
LU4 0UA
United Kingdom
Accountants
SAJA Accountancy Ltd
Unit A2C
Redlands
Coulsdon
Surrey
CR5 2HT
VSC RETAIL LTD
Statement of financial position
as at 29 February 2024
Intangible assets
26,100
28,050
Tangible assets
8,062
11,807
Cash at bank and in hand
413
1,882
Creditors: amounts falling due within one year
(2,086)
(1,492)
Net current assets
9,242
10,890
Total assets less current liabilities
43,404
50,747
Creditors: amounts falling due after more than one year
(37,370)
(48,249)
Called up share capital
100
100
Profit and loss account
5,934
2,398
Shareholders' funds
6,034
2,498
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 his 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 28 November 2024 and were signed on its behalf by
Sebastiampillai Vincent Chemble Raj
Director
Company Registration No. 13911762
VSC RETAIL LTD
Notes to the Accounts
for the year ended 29 February 2024
VSC RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 13911762. The registered office is 72, BUNTING ROAD, Luton, England, LU4 0UA, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
10% ,direct line method
Computer equipment
10% direct line method
Goodwill is business's Intangible fixed asset and this is included at cost less accumulated amortization at rate of 6.5% .
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Intangible fixed assets
Goodwill
At 29 February 2024
30,000
At 29 February 2024
26,100
At 28 February 2023
28,050
VSC RETAIL LTD
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
9,620
4,400
1,532
15,552
At 29 February 2024
9,620
4,400
1,532
15,552
At 1 March 2023
2,405
880
460
3,745
Charge for the year
2,405
880
460
3,745
At 29 February 2024
4,810
1,760
920
7,490
At 29 February 2024
4,810
2,640
612
8,062
At 28 February 2023
7,215
3,520
1,072
11,807
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,392
562
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
37,370
47,749
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Average number of employees
During the year the average number of employees was 0 (2023: 0).