Registered number
08658463
V&A Burgess Ltd
Filleted Accounts
31 March 2024
V&A Burgess Ltd
Registered number: 08658463
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,730 12,761
Current assets
Debtors 4 1,500 -
Cash at bank and in hand 19,806 14,925
21,306 14,925
Creditors: amounts falling due within one year 5 (9,685) (8,866)
Net current assets 11,621 6,059
Net assets 20,351 18,820
Capital and reserves
Called up share capital 2 2
Profit and loss account 20,349 18,818
Shareholders' funds 20,351 18,820
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alan Burgess
Director
Approved by the board on 29 November 2024
V&A Burgess Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turover is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Chiropody equipment Building equipment Total
£ £ £ £
Cost
At 1 April 2023 16,451 21,310 19,232 56,993
Additions - - 673 673
At 31 March 2024 16,451 21,310 19,905 57,666
Depreciation
At 1 April 2023 4,273 21,149 18,810 44,232
Charge for the year 3,952 161 591 4,704
At 31 March 2024 8,225 21,310 19,401 48,936
Net book value
At 31 March 2024 8,226 - 504 8,730
At 31 March 2023 12,178 161 422 12,761
4 Debtors 2024 2023
£ £
Trade debtors 1,500 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,440 -
Taxation and social security costs 8,063 8,860
Other creditors 182 6
9,685 8,866
6 Other information
V&A Burgess Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5a Church Road South
Woolton Village
Liverpool
L25 7RJ
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