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VSL Laboratories Limited
Registered Number:07720470
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
07720470
As at 31 July 2024
VSL Laboratories Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,000
2,000
3
2,000
2,000
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
Mrs S Smith Director
These financial statements were approved and authorised for issue by the Board on 13 January 2025 and were signed by:
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4
Registered Number :
07720470
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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5
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.
Registered address:
Old Farm Barn
Fox Lane
West Felton
Oswestry
SY11 4JU
The presentation currency is £ sterling.
1. Accounting policies
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:
20 Straight line
Computer equipment
20 Straight line
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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6
For the year ended 31 July 2024
VSL Laboratories Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 August 2023
6,665
At 31 July 2024
6,665
Amortisation
At 01 August 2023
6,665
At 31 July 2024
6,665
Net book value
At 31 July 2024
-
At 31 July 2023
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 August 2023
2,000
1,000
1,000
At 31 July 2024
1,000
1,000
2,000
At 31 July 2024
Net book value
1,000
1,000
2,000
At 31 July 2023
1,000
1,000
2,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
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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7
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
£
£
Bank loans and overdraft
4,116
3,730
Trade creditors
407
15,487
Taxation and social security
17,750
24,266
Other creditors
155
210
22,428
43,693
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
10,888
15,004
7. Directors advances and guarantees
At 01/08/2023
Loaned
Repaid
At 31/07/2024
£
£
£
£
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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