Virginia Howard Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08447064 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st March 2025

for

Virginia Howard Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Miss V Howard

REGISTERED OFFICE:

106 Charter Avenue

Ilford

Essex

IG2 7AD

REGISTERED NUMBER:

08447064 (England and Wales)

ACCOUNTANTS:

Fredericks Limited

Chartered Accountants

106 Charter Avenue

Ilford

Essex

IG2 7AD

FIXED ASSETS

Tangible assets

4

114,989

1,292

CURRENT ASSETS

Stocks

5

177,380

55,515

Debtors

6

141,328

5,143

Cash at bank

319,325

266,505

638,033

327,163

CREDITORS

Amounts falling due within one year

7

403,987

22,495

NET CURRENT ASSETS

234,046

304,668

TOTAL ASSETS LESS CURRENT
LIABILITIES

349,035

305,960

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

348,935

305,860

SHAREHOLDERS' FUNDS

349,035

305,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th December 2025 and were signed by:

Miss V Howard - Director

1.	STATUTORY INFORMATION

Virginia Howard Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

COST

At 1st April 2024

-

3,740

Additions

117,335

-

117,335

At 31st March 2025

117,335

3,740

121,075

DEPRECIATION

At 1st April 2024

-

2,448

Charge for year

2,347

1,291

3,638

At 31st March 2025

2,347

3,739

6,086

NET BOOK VALUE

At 31st March 2025

114,988

1

114,989

At 31st March 2024

-

1,292

5.

STOCKS

31.3.25

31.3.24

£

Stock and work in progress

177,380

55,515

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

1,656

3,394

Directors' current accounts

137,971

-

Prepayments

1,701

1,749

141,328

5,143

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

-

125

Trade creditors

2,135

8,034

Tax

26,281

11,566

Directors' current accounts

-

20

Accruals and deferred income

369,961

-

Accrued expenses

5,610

2,750

403,987

22,495

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

Miss V Howard

Balance outstanding at start of year

-

Amounts advanced

137,971

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

137,971

-

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,700 (2024 - £42,750) were paid to the director .

Details of the director's loans to the company are disclosed in the notes to the financial statements. The loans are interest free and have no fixed repayment date.

The controlling party is Miss V Howard.