Company Registration No. 05278110 (England and Wales)
VNW Limited
Unaudited accounts
for the year ended 31 March 2020
VNW Limited
Unaudited accounts
Contents
VNW Limited
Company Information
for the year ended 31 March 2020
Company Number
05278110 (England and Wales)
Registered Office
70 DOWDESWELL CLOSE
LONDON
SW15 5RL
UNITED KINGDOM
Accountants
Vincent Lim
70 Dowdeswell Close
London
SW15 5RL
VNW Limited
Statement of financial position
as at 31 March 2020
Tangible assets
3,228
4,101
Cash at bank and in hand
30,394
27,140
Creditors: amounts falling due within one year
(22,588)
(31,442)
Net current assets
30,419
6,756
Called up share capital
100
100
Profit and loss account
33,547
10,757
Shareholders' funds
33,647
10,857
For the year ending 31 March 2020 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.
Approved by the Board on 1 April 2020.
Vincent JK Lim
Director
Company Registration No. 05278110
VNW Limited
Notes to the Accounts
for the year ended 31 March 2020
VNW Limited is a private company, limited by shares, registered in England and Wales, registration number 05278110. The registered office is 70 DOWDESWELL CLOSE, LONDON, SW15 5RL, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2019
4,000
7,890
11,890
At 31 March 2020
4,000
8,973
12,973
At 1 April 2019
1,733
6,056
7,789
Charge for the year
800
1,156
1,956
At 31 March 2020
2,533
7,212
9,745
At 31 March 2020
1,467
1,761
3,228
At 31 March 2019
2,267
1,834
4,101
VNW Limited
Notes to the Accounts
for the year ended 31 March 2020
Trade debtors
22,009
8,358
Accrued income and prepayments
604
200
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
7,937
8,407
Taxes and social security
11,784
10,826
Proposed dividends
2,000
-
Loans from directors
-
10,581
7
Average number of employees
During the year the average number of employees was 2 (2019: 2).