Registered Number:07720470 |
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2024
VSL Laboratories Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
VSL Laboratories Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
2,000
2,000
3
2,000
2,000
Trade and other receivables |
49,427
24,752
4
7,816
Cash and cash equivalents |
14,748
39,500
57,243
Trade and other payables: amounts falling due within one |
year |
(43,693)
(22,428)
5
13,550
17,072
Net current assets
Total assets less current liabilities |
19,072
15,550
Trade and other payables: amounts falling due after more |
than one year |
(15,004)
(10,888)
6
(403)
(380)
Provisions for liabilities |
7,781
Net assets
166
100
100
7,681
66
7,781
166
Shareholders' funds
For the year ended 31 July 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 financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 13 January 2025 and were signed by: |
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For the year ended 31 July 2024
VSL Laboratories Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 July 2024
VSL Laboratories Limited
Notes to the Financial Statements
Statutory Information
VSL Laboratories Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 07720470. |
Old Farm Barn
Fox Lane
West Felton
Oswestry
SY11 4JU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
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: |
Computer equipment
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 July 2024
VSL Laboratories Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
6,665
6,665
6,665
6,665
-
-
3. Property, plant and equipment |
2,000
1,000
1,000
1,000
1,000
2,000
1,000
1,000
2,000
1,000
1,000
2,000
4. Trade and other receivables |
2023
2024
12,953
28,304
Amounts owed by directors |
11,665
21,123
Taxation and social security |
134
-
49,427
24,752
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For the year ended 31 July 2024
VSL Laboratories Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
4,116
3,730
407
15,487
Taxation and social security |
17,750
24,266
155
210
22,428
43,693
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
10,888
15,004
7. Directors advances and guarantees |
Loaned
Repaid
Mrs S Smith
Director's Loan Account
11,666
21,123
57,233
66,690
11,666
21,123
57,233
66,690
8. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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