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Registered number: 04062287
Vivacious Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
BFC Business Services Limited
52 Knollys Road
London
SW16 2JX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04062287
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 130,163 132,202
130,163 132,202
CURRENT ASSETS
Debtors 5 211,343 56,686
Investments 6 40,757 40,160
Cash at bank and in hand 515,927 529,246
768,027 626,092
Creditors: Amounts Falling Due Within One Year 7 (116,163 ) (22,015 )
NET CURRENT ASSETS (LIABILITIES) 651,864 604,077
TOTAL ASSETS LESS CURRENT LIABILITIES 782,027 736,279
NET ASSETS 782,027 736,279
CAPITAL AND RESERVES
Called up share capital 8 20 20
Profit and Loss Account 782,007 736,259
SHAREHOLDERS' FUNDS 782,027 736,279
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Mary O'Hagan
Director
9th April 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Vivacious Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04062287 . The registered office is 14 Ewell Road, Long Ditton, Surbiton, Surrey, KT6 5LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Plant & Machinery 20% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2023 127,000 87,256 214,256
Additions - 2,039 2,039
As at 31 August 2024 127,000 89,295 216,295
Depreciation
As at 1 September 2023 - 82,054 82,054
Provided during the period - 4,078 4,078
As at 31 August 2024 - 86,132 86,132
Net Book Value
As at 31 August 2024 127,000 3,163 130,163
As at 1 September 2023 127,000 5,202 132,202
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 81,271 949
Prepayments and accrued income 12,746 44,806
Corporation tax recoverable assets 9,530 -
VAT 17,594 10,931
Director's loan account 90,202 -
211,343 56,686
6. Current Asset Investments
2024 2023
£ £
Listed investments 40,757 40,160
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,559 13,239
Corporation tax 22,600 7,253
Other taxes and social security 279 374
Other creditors 1,975 456
Accruals and deferred income 83,750 440
Director's loan account - 253
116,163 22,015
Page 3
Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Miss Mary O'Hagan - 90,202 - - 90,200
The above loan is unsecured, interest free and repayable on demand.
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