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COMPANY REGISTRATION NUMBER: 11471547
VINODHON LIMITED
Filleted Unaudited Financial Statements
31 July 2024
VINODHON LIMITED
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
4,000
5,000
Tangible assets
6
10,961
7,813
--------
--------
14,961
12,813
Current assets
Stocks
3,000
3,000
Debtors
7
3,233
3,233
Cash at bank and in hand
22,622
32,011
--------
--------
28,855
38,244
Creditors: amounts falling due within one year
8
34,984
32,608
--------
--------
Net current (liabilities)/assets
( 6,129)
5,636
--------
--------
Total assets less current liabilities
8,832
18,449
Creditors: amounts falling due after more than one year
9
8,184
18,122
-------
--------
Net assets
648
327
-------
--------
VINODHON LIMITED
Statement of Financial Position (continued)
31 July 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
548
227
----
----
Shareholders funds
648
327
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 April 2025 , and are signed on behalf of the board by:
Mr B B Rao
Director
Company registration number: 11471547
VINODHON LIMITED
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 74 High Street, Hythe, Kent, CT21 5AL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 7 ).
5. Intangible assets
Goodwill
£
Cost
At 1 August 2023 and 31 July 2024
10,000
--------
Amortisation
At 1 August 2023
5,000
Charge for the year
1,000
--------
At 31 July 2024
6,000
--------
Carrying amount
At 31 July 2024
4,000
--------
At 31 July 2023
5,000
--------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 August 2023
17,425
800
18,225
Additions
5,888
5,888
--------
----
--------
At 31 July 2024
23,313
800
24,113
--------
----
--------
Depreciation
At 1 August 2023
9,874
538
10,412
Charge for the year
2,688
52
2,740
--------
----
--------
At 31 July 2024
12,562
590
13,152
--------
----
--------
Carrying amount
At 31 July 2024
10,751
210
10,961
--------
----
--------
At 31 July 2023
7,551
262
7,813
--------
----
--------
7. Debtors
2024
2023
£
£
Other debtors
3,233
3,233
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
2,012
2,410
Corporation tax
2,587
4,210
Social security and other taxes
10,933
10,383
Other creditors
9,452
5,605
--------
--------
34,984
32,608
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,184
18,122
-------
--------