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REGISTERED NUMBER: 08054079 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

VTV INTERIORS LTD

VTV INTERIORS LTD (Registered number: 08054079)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VTV INTERIORS LTD

Company Information
for the Year Ended 30 June 2024







DIRECTOR: V Kolodijs





SECRETARY:





REGISTERED OFFICE: 267 Romford Road
London
E7 9HJ





REGISTERED NUMBER: 08054079 (England and Wales)





ACCOUNTANTS: Clearword Limited
1 Wrexham Road
Laindon
Basildon
Essex
SS15 6PX

VTV INTERIORS LTD (Registered number: 08054079)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,863 11,950

CURRENT ASSETS
Stocks 5 - 15,000
Debtors 6 92,392 27,451
Cash at bank 273,440 328,272
365,832 370,723
CREDITORS
Amounts falling due within one year 7 320,170 344,792
NET CURRENT ASSETS 45,662 25,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,525

37,881

CREDITORS
Amounts falling due after more than one
year

8

33,055

32,254
NET ASSETS 23,470 5,627

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 23,468 5,625
SHAREHOLDERS' FUNDS 23,470 5,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

VTV INTERIORS LTD (Registered number: 08054079)

Balance Sheet - continued
30 June 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 6 January 2025 and were signed by:





V Kolodijs - Director


VTV INTERIORS LTD (Registered number: 08054079)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

VTV INTERIORS LTD 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

VTV INTERIORS LTD (Registered number: 08054079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 41,370 530 - 41,900
Additions - - 2,598 2,598
Disposals - (530 ) - (530 )
At 30 June 2024 41,370 - 2,598 43,968
DEPRECIATION
At 1 July 2023 29,483 467 - 29,950
Charge for year 2,972 - 650 3,622
Charge written back - (467 ) - (467 )
At 30 June 2024 32,455 - 650 33,105
NET BOOK VALUE
At 30 June 2024 8,915 - 1,948 10,863
At 30 June 2023 11,887 63 - 11,950

5. STOCKS
30.6.24 30.6.23
£    £   
Work-in-progress - 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 269,026 -
Other debtors - 27,451
VAT 11,229 -
Prepayments and accrued income (217,305 ) -
Prepayments 29,442 -
92,392 27,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 32,801 59,314
Tax 44,728 18,268
Social security and other taxes 29,442 1,441
Other creditors 206,565 265,769
Directors' current accounts 6,634 -
320,170 344,792

VTV INTERIORS LTD (Registered number: 08054079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) 20,500 30,746
Other creditors 12,555 1,508
33,055 32,254

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 9,994

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 20,500 20,752

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 9,994

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary shares £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 July 2023 5,625
Profit for the year 137,843
Dividends (120,000 )
At 30 June 2024 23,468