V L Roberts Limited 14704424 false 2023-03-03 2024-06-30 2024-06-30 The principal activity of the company is the holding of investments. Digita Accounts Production Advanced 6.30.9574.0 true 14704424 2023-03-03 2024-06-30 14704424 2024-06-30 14704424 core:RetainedEarningsAccumulatedLosses 2024-06-30 14704424 core:ShareCapital 2024-06-30 14704424 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14704424 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 14704424 bus:SmallEntities 2023-03-03 2024-06-30 14704424 bus:AuditExemptWithAccountantsReport 2023-03-03 2024-06-30 14704424 bus:FullAccounts 2023-03-03 2024-06-30 14704424 bus:SmallCompaniesRegimeForAccounts 2023-03-03 2024-06-30 14704424 bus:RegisteredOffice 2023-03-03 2024-06-30 14704424 bus:Director1 2023-03-03 2024-06-30 14704424 bus:PrivateLimitedCompanyLtd 2023-03-03 2024-06-30 14704424 1 2023-03-03 2024-06-30 14704424 countries:EnglandWales 2023-03-03 2024-06-30 iso4217:GBP xbrli:pure

Registration number: 14704424

V L Roberts Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 3 March 2023 to 30 June 2024

 

V L Roberts Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

V L Roberts Limited

(Registration number: 14704424)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

Current assets

 

Other financial assets

4

205,055

Cash at bank and in hand

 

3,798

 

208,853

Creditors: Amounts falling due within one year

5

(16,273)

Total assets less current liabilities

 

192,580

Creditors: Amounts falling due after more than one year

6

(186,000)

Net assets

 

6,580

Capital and reserves

 

Called up share capital

100

Profit and loss account

6,480

Total equity

 

6,580

For the financial period ending 30 June 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 of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 3 December 2024
 

Ms V L Roberts

Director

 

V L Roberts Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 3 March 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU
Somerset

These financial statements were authorised for issue by the director on 3 December 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The accounts are prepared for a period longer than one year as this is the first set of accounts prepared from company incorporation.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

V L Roberts Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 3 March 2023 to 30 June 2024

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment. The fair value used for listed equity shares and bonds is the closing market price at the balance sheet date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Other financial assets (current and non-current)

Total
£

Current financial assets

Cost or valuation

At 3 March 2023

205,055

At 30 June 2024

205,055

Carrying amount

At 30 June 2024

205,055

5

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £28,000.

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £158,000.

Creditors include bank loans repayable by instalments of £46,000 due after more than five years.