Registered number
06312864
VINARCHSEL LIMITED
Filleted Accounts
31 July 2024
VINARCHSEL LIMITED
Registered number: 06312864
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,120 23,000
Current assets
Debtors 4 2,166 3,590
Investments held as current assets 5 27,000 27,000
Cash at bank and in hand 28 802
29,194 31,392
Creditors: amounts falling due within one year 6 (27,516) (6,110)
Net current assets 1,678 25,282
Total assets less current liabilities 20,798 48,282
Creditors: amounts falling due after more than one year 7 (32,230) (41,749)
Net (liabilities)/assets (11,432) 6,533
Capital and reserves
Called up share capital 1 1
Profit and loss account (11,433) 6,532
Shareholders' funds (11,432) 6,533
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Vinoth Dhanapal
Director
Approved by the board on 9 April 2025
VINARCHSEL LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Vehicles 15% on WDV
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 6,659 26,464 33,123
At 31 July 2024 6,659 26,464 33,123
Depreciation
At 1 August 2023 6,153 3,970 10,123
Charge for the year 506 3,374 3,880
At 31 July 2024 6,659 7,344 14,003
Net book value
At 31 July 2024 - 19,120 19,120
At 31 July 2023 506 22,494 23,000
4 Debtors 2024 2023
£ £
Other debtors 2,166 3,590
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 27,000 27,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,497 1,397
Other creditors 26,019 4,713
27,516 6,110
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,731 19,685
Obligations under finance lease and hire purchase contracts 17,499 22,064
32,230 41,749
8 Other information
VINARCHSEL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, Merritt House
Hill Avenue
Amersham
Buckinghamshire
HP6 5BQ
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