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Company Registration No. 08110716 (England and Wales)
Vagadia & Sons Ltd Unaudited accounts for the year ended 30 June 2024
Vagadia & Sons Ltd Unaudited accounts Contents
Page
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Vagadia & Sons Ltd Company Information for the year ended 30 June 2024
Director
Kersheaup Shashi Vagadia
Company Number
08110716 (England and Wales)
Registered Office
1 KEARSLEY MOUNT PRECINCT MANCHESTER ROAD,KEARSLEY BOLTON LANCASHIRE BL4 8PZ United Kingdom
Accountants
S&H Accountants 35 School Walk Manchester M16 7GD
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Vagadia & Sons Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
243,530 
245,491 
Current assets
Inventories
208,840 
140,095 
Debtors
60,710 
49 
Cash at bank and in hand
94,249 
115,698 
363,799 
255,842 
Creditors: amounts falling due within one year
(324,108)
(197,691)
Net current assets
39,691 
58,151 
Total assets less current liabilities
283,221 
303,642 
Creditors: amounts falling due after more than one year
(63,507)
(105,055)
Net assets
219,714 
198,587 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
219,614 
198,487 
Shareholders' funds
219,714 
198,587 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 June 2025 and were signed on its behalf by
Kersheaup Shashi Vagadia Director Company Registration No. 08110716
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Vagadia & Sons Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Vagadia & Sons Ltd is a private company, limited by shares, registered in England and Wales, registration number 08110716. The registered office is 1 KEARSLEY MOUNT PRECINCT, MANCHESTER ROAD,KEARSLEY, BOLTON, LANCASHIRE, BL4 8PZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
12,985 
27,280 
269,965 
310,230 
Additions
- 
25,300 
17,393 
42,693 
At 30 June 2024
12,985 
52,580 
287,358 
352,923 
Depreciation
At 1 July 2023
1,615 
16,262 
46,862 
64,739 
Charge for the year
2,274 
6,306 
36,074 
44,654 
At 30 June 2024
3,889 
22,568 
82,936 
109,393 
Net book value
At 30 June 2024
9,096 
30,012 
204,422 
243,530 
At 30 June 2023
11,370 
11,018 
223,103 
245,491 
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Vagadia & Sons Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
710 
- 
Other debtors
60,000 
- 
60,710 
- 
Amounts falling due after more than one year
Other debtors
- 
49 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
6,981 
Trade creditors
88,511 
8,432 
Taxes and social security
229 
- 
Other creditors
81 
2,780 
Loans from directors
235,287 
179,498 
324,108 
197,691 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
63,507 
105,055 
8
Average number of employees
During the year the average number of employees was 15 (2023: 13).
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