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REGISTERED NUMBER: 12788221 (England and Wales)


Unaudited Financial Statements for the Year Ended 31 August 2024

for

VB Sales Ltd

VB Sales Ltd (Registered number: 12788221)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VB Sales Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr Vijaykumar Babubhai Patel





REGISTERED OFFICE: 57 Charles Bennion Walk
Leicester
England
LE4 5HU





REGISTERED NUMBER: 12788221 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

VB Sales Ltd (Registered number: 12788221)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 272,940 274,955
Property, plant and equipment 5 15,309 3,516
288,249 278,471

CURRENT ASSETS
Inventories 35,650 41,850
Debtors 6 46,553 13,419
Cash at bank and in hand 5,981 18,977
88,184 74,246
CREDITORS
Amounts falling due within one year 7 158,572 129,619
NET CURRENT LIABILITIES (70,388 ) (55,373 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,861

223,098

CREDITORS
Amounts falling due after more than one
year

8

192,145

221,953
NET ASSETS 25,716 1,145

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 25,714 1,143
SHAREHOLDERS' FUNDS 25,716 1,145

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

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

VB Sales Ltd (Registered number: 12788221)

Statement of Financial Position - continued
31 August 2024


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 7 May 2025 and were signed by:





Mr Vijaykumar Babubhai Patel - Director


VB Sales Ltd (Registered number: 12788221)

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

1. STATUTORY INFORMATION

VB Sales Ltd 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

VB Sales Ltd (Registered number: 12788221)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 281,000
AMORTISATION
At 1 September 2023 6,045
Charge for year 2,015
At 31 August 2024 8,060
NET BOOK VALUE
At 31 August 2024 272,940
At 31 August 2023 274,955

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 4,137
Additions 14,495
At 31 August 2024 18,632
DEPRECIATION
At 1 September 2023 621
Charge for year 2,702
At 31 August 2024 3,323
NET BOOK VALUE
At 31 August 2024 15,309
At 31 August 2023 3,516

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 46,553 10,553
Other debtors - 2,866
46,553 13,419

VB Sales Ltd (Registered number: 12788221)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 45,224 36,570
Taxation and social security 8,869 2,234
Other creditors 104,479 90,815
158,572 129,619

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 192,145 221,953

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2