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REGISTERED NUMBER: 10192704 (England and Wales)













Vonix Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






Vonix Limited (Registered number: 10192704)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vonix Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: P Edwards





REGISTERED OFFICE: Lymore Villa
162A London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 10192704 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Vonix Limited (Registered number: 10192704)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,398 1,248
Investments 6 50 50
1,448 1,298

CURRENT ASSETS
Stocks 9,313 15,895
Debtors 7 5,324 7,111
Cash at bank 930 7,274
15,567 30,280
CREDITORS
Amounts falling due within one year 8 36,300 33,580
NET CURRENT LIABILITIES (20,733 ) (3,300 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,285

)

(2,002

)

CREDITORS
Amounts falling due after more than one
year

9

(27,143

)

(38,000

)

PROVISIONS FOR LIABILITIES (266 ) (237 )
NET LIABILITIES (46,694 ) (40,239 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (46,698 ) (40,243 )
SHAREHOLDERS' FUNDS (46,694 ) (40,239 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Vonix Limited (Registered number: 10192704)

Balance Sheet - continued
31 May 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 director and authorised for issue on 26 January 2025 and were signed by:





P Edwards - Director


Vonix Limited (Registered number: 10192704)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Vonix Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of goods / services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 680 2,350 3,030
Additions 297 272 569
At 31 May 2024 977 2,622 3,599
DEPRECIATION
At 1 June 2023 268 1,514 1,782
Charge for year 141 278 419
At 31 May 2024 409 1,792 2,201
NET BOOK VALUE
At 31 May 2024 568 830 1,398
At 31 May 2023 412 836 1,248

Vonix Limited (Registered number: 10192704)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 June 2023
and 31 May 2024 50
NET BOOK VALUE
At 31 May 2024 50
At 31 May 2023 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,928 6,592
Other debtors 396 519
5,324 7,111

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,429 -
Trade creditors 22,074 11,249
Taxation and social security 6,718 20,951
Other creditors 2,079 1,380
36,300 33,580

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,143 38,000

10. GOING CONCERN

The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The directors have given an undertaking to support the company until it returns to a positive net assets position. They consider that it is appropriate to prepare the accounts on a going concern basis.