Company Registration No. 10308528 (England and Wales)
VLKN LIMITED
Unaudited accounts
for the year ended 31 July 2024
VLKN LIMITED
Unaudited accounts
Contents
VLKN LIMITED
Company Information
for the year ended 31 July 2024
Company Number
10308528 (England and Wales)
Registered Office
24 Aldermans Hill
London
N13 4PN
United Kingdom
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
VLKN LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
39,307
13,293
Cash at bank and in hand
(8,361)
280
Creditors: amounts falling due within one year
(21,293)
(28,941)
Net current assets
11,296
12,489
Total assets less current liabilities
50,603
25,782
Creditors: amounts falling due after more than one year
(33,248)
(19,167)
Called up share capital
1,000
1,000
Profit and loss account
16,355
5,615
Shareholders' funds
17,355
6,615
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2025 and were signed on its behalf by
Mr V Aslan
Director
Company Registration No. 10308528
VLKN LIMITED
Notes to the Accounts
for the year ended 31 July 2024
VLKN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10308528. The registered office is 24 Aldermans Hill, London, N13 4PN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% - reducing balance method
Motor vehicles
33% - reducing balance method
Fixtures & fittings
18% - reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
VLKN LIMITED
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
16,599
-
13,841
30,440
Additions
3,824
35,217
-
39,041
At 31 July 2024
20,423
35,217
13,841
69,481
At 1 August 2023
12,811
-
4,336
17,147
Charge for the year
2,512
8,804
1,711
13,027
At 31 July 2024
15,323
8,804
6,047
30,174
At 31 July 2024
5,100
26,413
7,794
39,307
At 31 July 2023
3,788
-
9,505
13,293
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Taxes and social security
1,802
6,582
Other creditors
5,325
7,057
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
24,081
-
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Transactions with related parties
Included within other creditors is an amount of £5,145 (2023: £6,916) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 3 (2023: 5).