Vi Nails Limited - Accounts to registrar (filleted) - small 18.2
Vi Nails Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Vi Nails Limited |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2020 |
| Vi Nails Limited (Registered number: 07576114) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Vi Nails Limited |
| Company Information |
| for the Year Ended 31st March 2020 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Accountants |
| 4th Floor |
| 100 Fenchurch Street |
| London |
| EC3M 5JD |
| Vi Nails Limited (Registered number: 07576114) |
| Statement of Financial Position |
| 31st March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Vi Nails Limited (Registered number: 07576114) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2020 |
| 1. | Statutory information |
| Vi Nails Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| It is unclear how the 2020 coronavirus will impact the company and given that the severity cannot be reliably estimated, the financial statements have been prepared on a going concern basis. |
| Revenue recognition |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. |
| Tangible fixed assets |
| Equipment | - |
| 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 Statement of Income and Retained Earnings, 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. |
| Vi Nails Limited (Registered number: 07576114) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2020 |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Equipment |
| £ |
| Cost |
| At 1st April 2019 |
| and 31st March 2020 |
| Depreciation |
| At 1st April 2019 |
| Charge for year |
| At 31st March 2020 |
| Net book value |
| At 31st March 2020 |
| At 31st March 2019 |
| 5. | Debtors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security | ( |
) |
| Other creditors |
| 7. | Director's advances, credits and guarantees |
| The following advances and credits to directors subsisted during the years ended 31st March 2020 and 31st March 2019: |
| 2020 | 2019 |
| £ | £ |
| Mrs. T V Pham and |
| Balance outstanding at start of year | 2,896 | - |
| Amounts advanced | - | 2,896 |
| Amounts repaid | (2,896 | ) | - |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | - | 2,896 |