Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 13655579 Mr Gurnam Girn Mrs Mandeep Girn Mr Charanjot Girn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13655579 2023-10-31 13655579 2024-10-31 13655579 2023-11-01 2024-10-31 13655579 frs-core:CurrentFinancialInstruments 2024-10-31 13655579 frs-core:ComputerEquipment 2024-10-31 13655579 frs-core:ComputerEquipment 2023-11-01 2024-10-31 13655579 frs-core:ComputerEquipment 2023-10-31 13655579 frs-core:FurnitureFittings 2024-10-31 13655579 frs-core:FurnitureFittings 2023-11-01 2024-10-31 13655579 frs-core:FurnitureFittings 2023-10-31 13655579 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 13655579 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 13655579 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 13655579 frs-core:PlantMachinery 2024-10-31 13655579 frs-core:PlantMachinery 2023-11-01 2024-10-31 13655579 frs-core:PlantMachinery 2023-10-31 13655579 frs-core:ShareCapital 2024-10-31 13655579 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 13655579 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13655579 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 13655579 frs-bus:SmallEntities 2023-11-01 2024-10-31 13655579 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 13655579 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13655579 frs-bus:Director1 2023-11-01 2024-10-31 13655579 frs-bus:Director2 2023-11-01 2024-10-31 13655579 frs-bus:Director3 2023-11-01 2024-10-31 13655579 frs-core:CurrentFinancialInstruments 1 2024-10-31 13655579 frs-countries:EnglandWales 2023-11-01 2024-10-31 13655579 2022-10-31 13655579 2023-10-31 13655579 2022-11-01 2023-10-31 13655579 frs-core:CurrentFinancialInstruments 2023-10-31 13655579 frs-core:ShareCapital 2023-10-31 13655579 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13655579 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 13655579
V Shack Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
TaxAssist Accountants
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr Gurnam Girn
Mrs Mandeep Girn
Mr Charanjot Girn
Company Number 13655579
Registered Office V Shack Tutbury Avenue
Littleover
Derby
England
DE23 3AT
Accountants TaxAssist Accountants
2 Burghley Way
Littleover
Derby
DE23 4TD
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Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of V Shack Limited for the year ended 31 October 2024 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the directors of V Shack Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of V Shack Limited and state those matters that we have agreed to state to the directors of V Shack Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that V Shack Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of V Shack Limited . You consider that V Shack Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of V Shack Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Signed
08/07/2025
TaxAssist Accountants
2 Burghley Way
Littleover
Derby
DE23 4TD
Page 2
Page 3
Balance Sheet
Registered number: 13655579
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 88,467 97,032
88,467 97,032
CURRENT ASSETS
Stocks 5 3,000 2,500
Debtors 6 8,656 9,057
Cash at bank and in hand 23,947 14,677
35,603 26,234
Creditors: Amounts Falling Due Within One Year 7 (266,881 ) (231,307 )
NET CURRENT ASSETS (LIABILITIES) (231,278 ) (205,073 )
TOTAL ASSETS LESS CURRENT LIABILITIES (142,811 ) (108,041 )
NET LIABILITIES (142,811 ) (108,041 )
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account (142,814 ) (108,044 )
SHAREHOLDERS' FUNDS (142,811) (108,041)
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Page 4
For the year ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gurnam Girn
Director
08/07/2025
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
V Shack Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13655579 . The registered office is V Shack Tutbury Avenue, Littleover, Derby, England, DE23 3AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15 Years-SLM
Plant & Machinery 15%RBM
Fixtures & Fittings 15% RBM
Computer Equipment 25% RBM
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 89,250 18,125 2,911 417 110,703
As at 31 October 2024 89,250 18,125 2,911 417 110,703
Depreciation
As at 1 November 2023 9,421 3,648 524 78 13,671
Provided during the period 5,950 2,172 358 85 8,565
As at 31 October 2024 15,371 5,820 882 163 22,236
Net Book Value
As at 31 October 2024 73,879 12,305 2,029 254 88,467
As at 1 November 2023 79,829 14,477 2,387 339 97,032
5. Stocks
2024 2023
£ £
Stock 3,000 2,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7 408
Prepayments and accrued income 3,249 3,249
Other debtors 5,400 5,400
8,656 9,057
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 264 1,087
Corporation tax - 3,792
VAT 3,532 2,336
Net wages 1,544 792
Company credit card 373 1,523
Accruals 1,844 1,617
Directors' loan accounts 259,324 220,160
266,881 231,307
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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