Vopulus Ltd

Vopulus Ltd

VOPULUS LTD - Company Information

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1 January 2019 false No description of principal activity Taxfiler 2020.14.5 09710751business:PrivateLimitedCompanyLtd2019-01-012019-12-31 097107512018-12-31 097107512019-01-012019-12-31 09710751business:AuditExempt-NoAccountantsReport2019-01-012019-12-31 09710751business:FullAccounts2019-01-012019-12-31 097107512019-12-31 09710751business:Director12019-01-012019-12-31 09710751business:Director22019-01-012019-12-31 09710751business:Director32019-01-012019-12-31 09710751business:Director42019-01-012019-12-31 09710751business:RegisteredOffice2019-01-012019-12-31 097107512018-12-31 09710751core:WithinOneYear2019-12-31 09710751core:WithinOneYear2018-12-31 09710751core:SharePremium2019-12-31 09710751core:SharePremium2018-12-31 09710751core:RetainedEarningsAccumulatedLosses2019-12-31 09710751core:RetainedEarningsAccumulatedLosses2018-12-31 09710751business:SmallEntities2019-01-012019-12-31 09710751countries:EnglandWales2019-01-012019-12-31 09710751core:PlantMachinery2019-01-012019-12-31 09710751core:ComputerEquipment2019-01-012019-12-31 09710751core:PlantMachinery2018-12-31 09710751core:ComputerEquipment2018-12-31 09710751core:PlantMachinery2019-12-31 09710751core:ComputerEquipment2019-12-31 09710751business:OrdinaryShareClass12019-01-012019-12-31 09710751business:OrdinaryShareClass12018-01-012018-12-31 09710751business:Director112018-12-31 09710751business:Director112019-01-012019-12-31 09710751business:Director112019-12-31 097107512018-01-012018-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09710751 (England and Wales)
Vopulus Ltd Unaudited accounts for the year ended 31 December 2019
Vopulus Ltd Unaudited accounts Contents
Page
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Vopulus Ltd Company Information for the year ended 31 December 2019
Directors
Johann Malawana Suzanne McCarthy David Thomas Bell Derek Gallen
Company Number
09710751 (England and Wales)
Registered Office
77 East Road Studio 3 (3rd Floor) London N1 6AH England
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Vopulus Ltd Statement of financial position as at 31 December 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
12,035 
11,004 
Current assets
Debtors
5
240,323 
5,900 
Cash at bank and in hand
123,698 
26,250 
364,021 
32,150 
Creditors: amounts falling due within one year
6
(307,550)
(70,692)
Net current assets/(liabilities)
56,471 
(38,542)
Net assets/(liabilities)
68,506 
(27,538)
Capital and reserves
Share premium
765,011 
357,700 
Profit and loss account
(696,505)
(385,238)
Shareholders' funds
68,506 
(27,538)
For the year ending 31 December 2019 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 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 of Directors and authorised for issue on 22 December 2020 and were signed on its behalf by
Johann Malawana Director Company Registration No. 09710751
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Vopulus Ltd Notes to the Accounts for the year ended 31 December 2019
1
Statutory information
Vopulus Ltd is a private company, limited by shares, registered in England and Wales, registration number 09710751. The registered office is 77 East Road, Studio 3 (3rd Floor), London, N1 6AH, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
5 years, straight line
Computer equipment
5 years, straight line
Research and development
Expenditure on research and development is written off in the year in which it is incurred. Where appropriate, development expenditure is capitalised and amortised over its useful economic life.
Research and development tax credit
During the financial year, Vopulus Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Prior year adjustment
Reserves have been restated in 2018 to reflect the 62 Ordinary Share that were cancelled on 7 September 2017. This has resulted in an increase in Share Premium of £20,000, a corresponding decrease in distributable reserve retained earnings.
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Vopulus Ltd Notes to the Accounts for the year ended 31 December 2019
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2019
3,236 
13,198 
16,434 
Additions
- 
5,105 
5,105 
At 31 December 2019
3,236 
18,303 
21,539 
Depreciation
At 1 January 2019
1,082 
4,348 
5,430 
Charge for the year
647 
3,427 
4,074 
At 31 December 2019
1,729 
7,775 
9,504 
Net book value
At 31 December 2019
1,507 
10,528 
12,035 
At 31 December 2018
2,154 
8,850 
11,004 
5
Debtors
2019 
2018 
£ 
£ 
Trade debtors
11,550 
90 
Accrued income and prepayments
225,200 
5,200 
Other debtors
3,573 
610 
240,323 
5,900 
6
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
14,703 
10,058 
Taxes and social security
6,522 
2,198 
Other creditors
5,156 
9,774 
Loans from directors
157,376 
48,662 
Accruals
115,543 
- 
Deferred income
8,250 
- 
307,550 
70,692 
7
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
12,145 Ordinary shares of £0.0000 each
0.12 
0.11 
Shares issued during the period:
1,145 Ordinary shares of £0.0000 each
0.01 
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Vopulus Ltd Notes to the Accounts for the year ended 31 December 2019
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Johann Malawana
(48,662)
(108,715)
- 
(157,377)
(48,662)
(108,715)
- 
(157,377)
2019 Loans from directors account contains a further £108,397 paid by a director, Johann Malawana, on behalf of the company during the period, resulting in £157,059 owed to directors at 31 December 2019.
9
Average number of employees
During the year the average number of employees was 11 (2018: 8).
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