Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-291falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-011falsetrue 11818069 2023-03-01 2024-02-29 11818069 2022-03-01 2023-02-28 11818069 2024-02-29 11818069 2023-02-28 11818069 c:Director1 2023-03-01 2024-02-29 11818069 d:CurrentFinancialInstruments 2024-02-29 11818069 d:CurrentFinancialInstruments 2023-02-28 11818069 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11818069 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11818069 d:ShareCapital 2024-02-29 11818069 d:ShareCapital 2023-02-28 11818069 d:RetainedEarningsAccumulatedLosses 2024-02-29 11818069 d:RetainedEarningsAccumulatedLosses 2023-02-28 11818069 c:OrdinaryShareClass1 2023-03-01 2024-02-29 11818069 c:OrdinaryShareClass1 2024-02-29 11818069 c:OrdinaryShareClass1 2023-02-28 11818069 c:FRS102 2023-03-01 2024-02-29 11818069 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11818069 c:FullAccounts 2023-03-01 2024-02-29 11818069 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11818069 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11818069









V G N CONSTRUCTION LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
V G N CONSTRUCTION LIMITED
REGISTERED NUMBER: 11818069

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
851
15,370

  
851
15,370

Creditors: amounts falling due within one year
 4 
(359,721)
(56,981)

Net current liabilities
  
 
 
(358,870)
 
 
(41,611)

Total assets less current liabilities
  
(358,870)
(41,611)

  

Net liabilities
  
(358,870)
(41,611)


Capital and reserves
  

Called up share capital 
 5 
100
100

Profit and loss account
  
(358,970)
(41,711)

  
(358,870)
(41,611)


Page 1

 
V G N CONSTRUCTION LIMITED
REGISTERED NUMBER: 11818069

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2024.






................................................
Mr V G Nicholas
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
V G N CONSTRUCTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

V G N Construction Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ.
 
The principal activity of the Company continued to be that of a security company until 1 May 2023 where it ceased to trade.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentational currency is Pounds sterling.
The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered the going concern basis in preparing these financial statements. He has
concluded that the going concern basis is appropriate because of continued director support for a period of at least twelve months from the date of the approval of these financial statements to enable the company to meet its liabilities as they arise.
The financial statements do not include any adjustments that would be result from the withdrawal of
this support.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Security income
Security income is recognised on an accruals basis in the period to which it relates.

Page 3

 
V G N CONSTRUCTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Creditors

Short-term creditors are measured at the transaction price.

 
2.6

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.
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 objectives evidence of impairment is found an impairment loss is recognised in the Profit and Loss Account.


3.


Employees



The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,199
746

Other taxation and social security
7,593
-

Other creditors
344,229
53,735

Accruals and deferred income
2,700
2,500

359,721
56,981



5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Shares of £1.00 each
100
100
Page 4

 
V G N CONSTRUCTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.Share capital (continued)




6.


Related party transactions

During the year the Company operated a loan account with its Director. The balance is shown within other creditors, as at 29 February 2024 the balance was £344,229 (2023 - £53,735). This balance is interest free and repayable on demand.


7.


Controlling party

The ultimate controlling party is Mr V G Nicholas by virtue of his 100% shareholding in V G N Construction Limited.


Page 5