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Registered number: 09775256









VASIDAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
VASIDAN LIMITED
REGISTERED NUMBER: 09775256

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,140
23,183

  
15,140
23,183

Current assets
  

Stocks
 5 
34,579
38,986

Debtors: amounts falling due within one year
 6 
152,007
241,980

Cash at bank and in hand
 7 
49,011
105,261

  
235,597
386,227

Creditors: amounts falling due within one year
 8 
(174,852)
(287,499)

Net current assets
  
 
 
60,745
 
 
98,728

Total assets less current liabilities
  
75,885
121,911

Creditors: amounts falling due after more than one year
 9 
-
(458)

Provisions for liabilities
  

Deferred tax
 11 
(2,429)
(4,143)

  
 
 
(2,429)
 
 
(4,143)

Net assets
  
73,456
117,310


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
73,356
117,210

  
73,456
117,310


Page 1

 
VASIDAN LIMITED
REGISTERED NUMBER: 09775256
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
V Capsa
Director

Date: 18 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
VASIDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Vasidan Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 49 Oulton Way, Watford, WD19 5EJ.
The Company's principal activity is that of building services.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

The Company's entire revenue has been generated from the Company's principal activity which is building services.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised in the period to which it relates.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
VASIDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% straight line
Motor vehicles
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
VASIDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stock consists of work that is in progress (WIP), but not yet billed for, at the Balance Sheet date. WIP is assessed for recovery and where necessary provisions are made against the balance.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
VASIDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 October 2023
102,301
38,128
140,429



At 30 September 2024

102,301
38,128
140,429



Depreciation


At 1 October 2023
82,114
35,131
117,245


Charge for the year on owned assets
5,047
2,997
8,044



At 30 September 2024

87,161
38,128
125,289



Net book value



At 30 September 2024
15,140
-
15,140



At 30 September 2023
20,186
2,997
23,183


5.


Stocks

2024
2023
£
£

Work in progress
34,579
38,986

34,579
38,986


Page 6

 
VASIDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
26,559
198,023

Other debtors
669
4,283

Prepayments and accrued income
124,779
39,674

152,007
241,980



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
49,011
105,261

49,011
105,261



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
25,083
53,452

Corporation tax
5,258
21,862

Other taxation and social security
93,040
84,740

Obligations under finance lease and hire purchase contracts
458
10,724

Other creditors
11,784
17,056

Accruals and deferred income
39,229
99,665

174,852
287,499



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Obligations under finance leases and hire purchase contracts
-
458

-
458


Page 7

 
VASIDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
458
10,724

More than one year
-
458

458
11,182


11.


Deferred taxation




2024


£






At beginning of year
(4,143)


Charged to profit or loss
1,714



At end of year
(2,429)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,429)
(4,143)

(2,429)
(4,143)

 
Page 8