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REGISTERED NUMBER: 03183277















VEGASFIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






VEGASFIELD LIMITED (REGISTERED NUMBER: 03183277)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VEGASFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: K Hall
I Ioannou





SECRETARY: K Hall





REGISTERED OFFICE: 52 Athelstan Road
Margate
Kent
CT9 2BH





REGISTERED NUMBER: 03183277





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

VEGASFIELD LIMITED (REGISTERED NUMBER: 03183277)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 117,702 13,206
117,702 13,206

CURRENT ASSETS
Debtors 6 45,596 47,061
Cash at bank 29,569 45,168
75,165 92,229
CREDITORS
Amounts falling due within one year 7 (195,610 ) (114,274 )
NET CURRENT LIABILITIES (120,445 ) (22,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,743

)

(8,839

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,745 ) (8,841 )
SHAREHOLDERS' FUNDS (2,743 ) (8,839 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VEGASFIELD LIMITED (REGISTERED NUMBER: 03183277)

BALANCE SHEET - continued
30 APRIL 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





K Hall - Director


VEGASFIELD LIMITED (REGISTERED NUMBER: 03183277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Vegasfield Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

VEGASFIELD LIMITED (REGISTERED NUMBER: 03183277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,300
AMORTISATION
At 1 May 2023
and 30 April 2024 10,300
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Fixture & Motor Computer
property Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 7,000 18,553 109,423 1,987 136,963
Additions 107,798 - - - 107,798
At 30 April 2024 114,798 18,553 109,423 1,987 244,761
DEPRECIATION
At 1 May 2023 6,999 16,785 98,013 1,960 123,757
Charge for year - 442 2,853 7 3,302
At 30 April 2024 6,999 17,227 100,866 1,967 127,059
NET BOOK VALUE
At 30 April 2024 107,799 1,326 8,557 20 117,702
At 30 April 2023 1 1,768 11,410 27 13,206

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,184 41,949
Other debtors 4,412 5,112
45,596 47,061

VEGASFIELD LIMITED (REGISTERED NUMBER: 03183277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 16,590 16,886
Trade creditors 40,199 45,293
Taxation and social security 7,000 4,790
Other creditors 131,821 47,305
195,610 114,274

8. RELATED PARTY DISCLOSURES

The company's premises are rented from Mr K Hall, a director who holds 100% of the issued share capital of the company.

9. ULTIMATE CONTROLLING PARTY

The controlling party is K Hall.

10. GOING CONCERN

These accounts have been prepared on a going concern basis, on the understanding that the director and shareholder will continue to financially support the company.