IRIS Accounts Production v24.3.2.46 01674770 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016747702023-03-31016747702024-03-31016747702023-04-012024-03-31016747702022-03-31016747702022-04-012023-03-31016747702023-03-3101674770ns15:EnglandWales2023-04-012024-03-3101674770ns14:PoundSterling2023-04-012024-03-3101674770ns10:Director12023-04-012024-03-3101674770ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101674770ns10:SmallEntities2023-04-012024-03-3101674770ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101674770ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101674770ns10:FullAccounts2023-04-012024-03-3101674770ns10:RegisteredOffice2023-04-012024-03-3101674770ns5:CurrentFinancialInstruments2024-03-3101674770ns5:CurrentFinancialInstruments2023-03-3101674770ns5:ShareCapital2024-03-3101674770ns5:ShareCapital2023-03-3101674770ns5:SharePremium2024-03-3101674770ns5:SharePremium2023-03-3101674770ns5:RetainedEarningsAccumulatedLosses2024-03-3101674770ns5:RetainedEarningsAccumulatedLosses2023-03-3101674770ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101674770ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 01674770 (England and Wales)















Varbud Construction Company Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Varbud Construction Company Limited (Registered number: 01674770)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Varbud Construction Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr R Patel





REGISTERED OFFICE: Unit 10 Ground Floor,
Silicon Business Centre,
28 Wodsworth Road
Perivale
Middlesex
UB6 7JD





REGISTERED NUMBER: 01674770 (England and Wales)

Varbud Construction Company Limited (Registered number: 01674770)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 124,442 124,442
Cash at bank 29 220
124,471 124,662
CREDITORS
Amounts falling due within one year 5 142,422 141,521
NET CURRENT LIABILITIES (17,951 ) (16,859 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,951

)

(16,859

)

CAPITAL AND RESERVES
Called up share capital 33,500 33,500
Share premium 57,225 57,225
Retained earnings (108,676 ) (107,584 )
SHAREHOLDERS' FUNDS (17,951 ) (16,859 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 March 2025 and were signed by:





Mr R Patel - Director


Varbud Construction Company Limited (Registered number: 01674770)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Varbud Construction Company 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. 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.

At the Balance Sheet date there was excess of liabilities over assets in the sum of £17951. The Company will continue receiving support from the director and certain other creditors and hence the accounts have been prepared on a Going Concern Basis. The director is taking steps to rectify the position.

Turnover
Turnover represents invoiced value of the sales made for the goods and services provided during the year, net of Value Added Tax.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 124,442 124,442

Varbud Construction Company Limited (Registered number: 01674770)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - (1 )
Other creditors 142,422 141,522
142,422 141,521

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the Balance Sheet date £1969 ( 2023- £1369) was owed to the director, Mr R M Patel , this amount is included under" Other Creditors" due within one year.

7. RELATED PARTY DISCLOSURES

At the balance sheet date £124442 (2023 £124442) was due from Varbud Joinery Ltd a company wholly owned by the director and his family members.