Company Registration No. 13300342 (England and Wales)
V-CRED LTD
Unaudited accounts
for the year ended 31 March 2025
V-CRED LTD
Unaudited accounts
Contents
V-CRED LTD
Company Information
for the year ended 31 March 2025
Director
V. Lakshminarayanan
Company Number
13300342 (England and Wales)
Registered Office
Jactin House
24 Hood Street
Manchester
M4 6WX
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
V-CRED LTD
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
156,008
2,252
Creditors: amounts falling due within one year
(194,723)
(3,488)
Net current (liabilities)/assets
(32,315)
1,956
Net (liabilities)/assets
(28,006)
2,689
Called up share capital
1
1
Profit and loss account
(28,007)
2,688
Shareholders' funds
(28,006)
2,689
For the year ending 31 March 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 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 6 December 2025 and were signed on its behalf by
V. Lakshminarayanan
Director
Company Registration No. 13300342
V-CRED LTD
Notes to the Accounts
for the year ended 31 March 2025
V-CRED LTD is a private company, limited by shares, registered in England and Wales, registration number 13300342. The registered office is Jactin House, 24 Hood Street, Manchester, M4 6WX.
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.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
33.3% reduced balance method
4
Tangible fixed assets
Computer equipment
V-CRED LTD
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Deferred income
194,280
3,128
7
Average number of employees
During the year the average number of employees was 2 (2024: 1).