Registered number
10269092
Vancheri Import Export Limited
Filleted Accounts
31 July 2024
Vancheri Import Export Limited
Registered number: 10269092
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Stocks 27,500 26,208
Debtors 3 35,525 71,901
Cash at bank and in hand 5,134 4,508
68,159 102,617
Creditors: amounts falling due within one year 4 (50,965) (72,700)
Net current assets 17,194 29,917
Net assets 17,194 29,917
Capital and reserves
Called up share capital 10 10
Profit and loss account 17,184 29,907
Shareholders' funds 17,194 29,917
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.
J P Tasker
Director
Approved by the board on 29 April 2025
Vancheri Import Export 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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 29,576 61,461
Other debtors 5,949 10,440
35,525 71,901
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 956 1,708
Other creditors 50,009 70,992
50,965 72,700
5 Other information
Vancheri Import Export Limited is a private company limited by shares and incorporated in England. Its registered office is:
70 Glendyke Road
Liverpool
Merseyside
L18 9TH
Vancheri Import Export Limited 10269092 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2025 J P Tasker No description of principal activity 10269092 2022-08-01 2023-07-31 10269092 core:WithinOneYear 2023-07-31 10269092 core:ShareCapital 2023-07-31 10269092 core:RetainedEarningsAccumulatedLosses 2023-07-31 10269092 2023-08-01 2024-07-31 10269092 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10269092 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10269092 bus:Director40 2023-08-01 2024-07-31 10269092 1 2023-08-01 2024-07-31 10269092 2 2023-08-01 2024-07-31 10269092 countries:England 2023-08-01 2024-07-31 10269092 bus:FRS102 2023-08-01 2024-07-31 10269092 bus:FilletedAccounts 2023-08-01 2024-07-31 10269092 2024-07-31 10269092 core:WithinOneYear 2024-07-31 10269092 core:ShareCapital 2024-07-31 10269092 core:RetainedEarningsAccumulatedLosses 2024-07-31 10269092 2023-07-31 iso4217:GBP xbrli:pure