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Registered number: 10804872
VAS SOLICITORS LIMITED
Financial Statements
For The Year Ended 31 July 2025
Tamsons Accounting & Tax Consultancy Ltd
Financial Accountants'
53-55 College Road
Bromley
Kent
BR1 3QG
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Miss Ashwariya Kuhendiran
Mrs Imalka Thusyanthan
Mr Veeravagu Vaaheesan
Miss Evanjalin Narthana Vivekanandarajah
Company Number 10804872
Registered Office 156 London Road
Mitcham
Surrey
CR4 3LD
Business 156 London Road
Mitcham
Surrey
CR4 3LD
Accountants Tamsons Accounting & Tax Consultancy Ltd
Financial Accountants'
53-55 College Road
Bromley
Kent
BR1 3QG
Page 1
Page 2
Balance Sheet
Registered number: 10804872
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 66,000 66,000
Tangible Assets 5 104,849 61,537
170,849 127,537
CURRENT ASSETS
Debtors 6 98,502 12,017
Cash at bank and in hand 22,643 81,093
121,145 93,110
Creditors: Amounts Falling Due Within One Year 7 (112,203 ) (102,368 )
NET CURRENT ASSETS (LIABILITIES) 8,942 (9,258 )
TOTAL ASSETS LESS CURRENT LIABILITIES 179,791 118,279
Creditors: Amounts Falling Due After More Than One Year 8 (122,624 ) (43,500 )
NET ASSETS 57,167 74,779
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 57,067 74,679
SHAREHOLDERS' FUNDS 57,167 74,779
Page 2
Page 3
For the year ending 31 July 2025 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 Veeravagu Vaaheesan
Director
13/08/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
VAS SOLICITORS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10804872 . The registered office is 156 London Road, Mitcham, Surrey, CR4 3LD.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 18%@Cost
Fixtures & Fittings 18% @ cost
Computer Equipment 18% @ Cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 15)
15 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2024 66,000
As at 31 July 2025 66,000
Net Book Value
As at 31 July 2025 66,000
As at 1 August 2024 66,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2024 6,141 41,774 63,079 110,994
Additions - 59,503 7,300 66,803
As at 31 July 2025 6,141 101,277 70,379 177,797
Depreciation
As at 1 August 2024 2,828 15,370 31,259 49,457
Provided during the period 597 11,767 11,127 23,491
As at 31 July 2025 3,425 27,137 42,386 72,948
Net Book Value
As at 31 July 2025 2,716 74,140 27,993 104,849
As at 1 August 2024 3,313 26,404 31,820 61,537
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6. Debtors
2025 2024
£ £
Due within one year
Other debtors1 34,470 11,390
Other taxes,Pension and social security 2,032 627
36,502 12,017
Due after more than one year
Other debtors-Inter Company Loan 62,000 -
98,502 12,017
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) 1
Bank loans and overdrafts 16,386 25,296
Corporation tax 11,482 4,481
VAT 48,157 39,465
Other Creditors 1yr 2,100 7,434
Bank Loan-Lloyds 27,938 -
Other Creditors-Flexipay 4,236 -
Directors' loan accounts 1,905 25,691
112,203 102,368
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 42,599 -
Other creditors-LDF Fin1 21,852 35,654
Other creditors-LDF Fin2 5,472 7,846
Other creditors-LDF Fin 52,701 -
122,624 43,500
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 42,599 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
Page 6
Page 7
2025 2024
£ £
Miss Ashwariya Kuhendiran 20,500 -
Mr Veeravagu Vaaheesan 16,000 10,000
Miss Evanjalin Narthana Vivekanandarajah 20,000 2,000
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