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Registered Number: 10694147
England and Wales

 

 

 

VINE RECRUITMENT SOLUTIONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
MARSHES CPA LLP
31 March 2024



....................................................

MARSHES CPA LLP

Interzone House
74-77 Magdalen Road
Oxford
OX4 1RE
03 December 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 11,359    16,797 
11,359    16,797 
Current assets      
Debtors 4 108,443    122,340 
Cash at bank and in hand 290    10,353 
108,733    132,693 
Creditors: amount falling due within one year 5 (149,034)   (54,537)
Net current assets (40,301)   78,156 
 
Total assets less current liabilities (28,942)   94,953 
Creditors: amount falling due after more than one year 6 (17,337)   (25,062)
Provisions for liabilities 7 4,976    (956)
Defined benefit pension scheme asset/liability (32,202)   (16,794)
Net assets (73,505)   52,141 
 

Capital and reserves
     
Called up share capital 5    5 
Profit and loss account (73,510)   52,136 
Shareholders' funds (73,505)   52,141 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 December 2024 and were signed on its behalf by:


-------------------------------
Terence Muchabaiwa KAVURU
Director
2
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2022 5  48,499  48,504 
Profit for the year 68,637  68,637 
Total comprehensive income for the year 68,637  68,637 
Dividends (65,000) (65,000)
Total investments by and distributions to owners (65,000) (65,000)
At 31 March 2023 5  52,136  52,141 
At 01 April 2023 5  52,136  52,141 
Profit for the year (125,646) (125,646)
Total comprehensive income for the year (125,646) (125,646)
Total investments by and distributions to owners
At 31 March 2024 5  (73,510) (73,505)
3
General Information
VINE RECRUITMENT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10694147, registration address 48 Wantage Road, Didcot, Oxfordshire, OX11 0BT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
Plant and Machinery 25% Straight Line
Computer Equipment 20% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 56 (2023 : 99).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 1,740    15,735    7,115    24,590 
Additions     416    416 
Disposals      
At 31 March 2024 1,740    15,735    7,531    25,006 
Depreciation
At 01 April 2023 452    5,245    2,096    7,793 
Charge for year 435    3,934    1,485    5,854 
On disposals      
At 31 March 2024 887    9,179    3,581    13,647 
Net book values
Closing balance as at 31 March 2024 853    6,556    3,950    11,359 
Opening balance as at 01 April 2023 1,288    10,490    5,019    16,797 

The net book value of Fixtures and Fittings includes £ 5,348 (2023 £5,348) in respect of assets leased under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 19,541    3,962 
Prepayments & Accrued Income 2,425   
Debts Factored without Recourse 25,727    39,330 
Other Debtors 10,900    10,734 
Corporation Tax 2,798   
61,391    54,026 

4.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors 50,946    62,963 
Directors Loan Accounts (3,894)   5,351 
47,052    68,314 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 4,024    2,532 
Bank Loans & Overdrafts 44,192    19,473 
Corporation Tax   21,723 
PAYE & Social Security 63,359    8,890 
Accrued Expenses 300    300 
Other Creditors 1    2 
Wages & Salaries Control Account 35,623   
VAT 1,535    1,617 
149,034    54,537 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 17,337    25,062 
17,337    25,062 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax (4,976)   956 
(4,976)   956 

4