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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
Page
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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
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VSC RETAIL LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
26,100 
28,050 
Tangible assets
8,062 
11,807 
34,162 
39,857 
Current assets
Inventories
10,915 
10,500 
Cash at bank and in hand
413 
1,882 
11,328 
12,382 
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)
Net assets
6,034 
2,498 
Capital and reserves
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
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VSC RETAIL LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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
Intangible fixed assets
Goodwill is business's Intangible fixed asset and this is included at cost less accumulated amortization at rate of 6.5% .
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
30,000 
At 29 February 2024
30,000 
Amortisation
At 1 March 2023
1,950 
Charge for the year
1,950 
At 29 February 2024
3,900 
Net book value
At 29 February 2024
26,100 
At 28 February 2023
28,050 
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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 
Depreciation
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 
Net book value
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 
£ 
£ 
VAT
694 
930 
Taxes and social security
1,392 
562 
2,086 
1,492 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
37,370 
47,749 
Accruals
- 
500 
37,370 
48,249 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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