Registered number
13350356
VEGAN STING LTD
Filleted Accounts
29 February 2024
VEGAN STING LTD
Registered number: 13350356
Balance Sheet
for the period from 01 November 2023 To 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 8,805
Tangible assets 4 - 23,067
- 31,872
Current assets
Debtors 5 21,150 -
Cash at bank and in hand 117 681
21,267 681
Creditors: amounts falling due within one year 6 (11,855) (16,586)
Net current assets/(liabilities) 9,412 (15,905)
Total assets less current liabilities 9,412 15,967
Creditors: amounts falling due after more than one year 7 (5,000) (5,000)
Net assets 4,412 10,967
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,411 10,966
Shareholder's funds 4,412 10,967
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Gurvinder Singh
Director
Approved by the board on 16 October 2024
VEGAN STING LTD
Notes to the Accounts
for the period from 01 November 2023 To 29 February 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15 % Reducing balance
Fittings & Fixtures 15 % Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 3
3 Intangible fixed assets £
Goodwill
Cost
At 1 November 2023 9,783
At 29 February 2024 9,783
Amortisation
At 1 November 2023 978
Provided during the period 978
On disposals 7,827
At 29 February 2024 9,783
Net book value
At 29 February 2024 -
At 31 October 2023 8,805
4 Tangible fixed assets
Plant and machinery Fittings & Fixtures Total
£ £ £
Cost
At 1 November 2023 19,597 12,241 31,838
At 29 February 2024 19,597 12,241 31,838
Depreciation
At 1 November 2023 5,374 3,397 8,771
Charge for the period 356 221 577
On disposals 13,867 8,623 22,490
At 29 February 2024 19,597 12,241 31,838
Net book value
At 29 February 2024 - - -
At 31 October 2023 14,223 8,844 23,067
5 Debtors 2024 2023
£ £
Trade debtors 21,150 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,654 2,654
Other creditors 9,201 13,932
11,855 16,586
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 5,000 5,000
8 Other information
VEGAN STING LTD is a private company limited by shares and incorporated in England. Its registered office is:
4 Varley Street
Manchester
United Kingdom
M40 8BW
7 Related party transactions
During the year director provided an unsecured loan to company for £ £9,201 [Year 2023: 13,932] .No interest is charged on the balance. At the balance sheet date, the loan is still outstanding.
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