VS1 Business Services (Europe) Ltd.,Ltd - AccountsLtd - Accounts

VS1 Business Services (Europe) Ltd.,Ltd - AccountsLtd - Accounts

VS1 BUSINESS SERVICES (EUROPE) LTD. - Company Information

Print Friendly Version

2018-12-01 06749540 2019-11-30 06749540 2018-12-01 2019-11-30 06749540 uk-bus:RegisteredOffice 2018-12-01 2019-11-30 06749540 uk-bus:Director1 2018-12-01 2019-11-30 06749540 uk-bus:Director1 2019-11-30 06749540 2018-11-30 06749540 2017-12-01 2018-11-30 06749540 uk-core:WithinOneYear 2018-11-30 06749540 uk-core:WithinOneYear 2019-11-30 06749540 uk-core:AfterOneYear 2018-11-30 06749540 uk-core:AfterOneYear 2019-11-30 06749540 uk-core:ShareCapital 2019-11-30 06749540 uk-core:ShareCapital 2018-11-30 06749540 uk-core:RetainedEarningsAccumulatedLosses 2019-11-30 06749540 uk-core:RetainedEarningsAccumulatedLosses 2018-11-30 06749540 uk-core:ComputerEquipment 2018-11-30 06749540 uk-core:FurnitureFittings 2018-11-30 06749540 uk-core:ComputerEquipment 2018-12-01 2019-11-30 06749540 uk-core:FurnitureFittings 2018-12-01 2019-11-30 06749540 uk-core:FurnitureFittings 2019-11-30 06749540 uk-core:ComputerEquipment 2019-11-30 iso4217:GBP xbrli:pure 06749540 uk-bus:AuditExempt-NoAccountantsReport 2018-12-01 2019-11-30 06749540 uk-bus:FRS102 2018-12-01 2019-11-30 06749540 uk-bus:FullAccounts 2018-12-01 2019-11-30 06749540 uk-bus:PrivateLimitedCompanyLtd 2018-12-01 2019-11-30
VS1 Business Services (Europe) Ltd.
Registered Number:06749540
For the year ended 30 November 2019
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 30 November 2019
VS1 Business Services (Europe) Ltd.
Contents Page
Company Information
1
2
Director's Report
3
Income Statement
4
Other Comprehensive Income
5
Statement of Financial Position
6
Statement of Changes in Equity
7 to 8
Notes to the Financial Statements
3
For the year ended 30 November 2019
VS1 Business Services (Europe) Ltd.
Company Information
Mr Wen Jun Yang
Director
06749540
Registered Number
Kingfisher House, 21 Elmfield Road,
Registered Office
Elmfield Road
Bromley
England
BR1 1LT
1 of 8
4
For the year ended 30 November 2019
VS1 Business Services (Europe) Ltd.
Director's Report
The director presents his report and financial statements for the year ended 30 November 2019.
Principal activities
The principal activity of the company continued to be that of
Director
The director who served the company throughout the year was as follows:
Mr Wen Jun Yang
Mr Wen Jun Yang
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
22 January 2021
2 of 8
5
For the year ended 30 November 2019
VS1 Business Services (Europe) Ltd.
Income Statement
2018
£
2019
£
Turnover
-
-
(2,745)
Cost of sales
-
(2,745)
Gross profit
-
Administrative expenses
(2,734,306)
(88,470)
Operating loss
(2,734,306)
(91,215)
(2,734,306)
(91,215)
Loss before taxation
(2,734,306)
Loss for the financial year
(91,215)
3 of 8
6
For the year ended 30 November 2019
VS1 Business Services (Europe) Ltd.
Other Comprehensive Income
2019
2018
£
£
(2,734,306)
(91,215)
Loss for the financial year
Total comprehensive income since last annual report
(2,734,306)
(91,215)
4 of 8
7
Registered Number :
06749540
As at 30 November 2019
VS1 Business Services (Europe) Ltd.
Statement of Financial Position
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
10,674
3,599
2
10,674
3,599
Current assets
40,246
Cash and cash equivalents
35,052
35,052
40,246
Trade and other payables: amounts falling due within one
year
(115,669)
-
3
(75,423)
35,052
Net current assets
Total assets less current liabilities
45,726
(71,824)
Trade and other payables: amounts falling due after more
than one year
-
(2,691,856)
4
(2,646,130)
Net liabilities
(71,824)
Capital and reserves
Called up share capital
252,963
92,963
Retained earnings
(2,899,093)
(164,787)
(2,646,130)
(71,824)
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Wen Jun Yang
These financial statements were approved and authorised for issue by the Board on 22 January 2021 and were signed by:
The notes form part of these financial statements
5 of 8
8
For the year ended 30 November 2019
VS1 Business Services (Europe) Ltd.
Statement of Changes in Equity
Share Capital
Retained
earnings
Total
£
£
£
Balance at 01 December 2017
92,963
(73,572)
19,391
-
(91,215)
(91,215)
Loss for the year
Balance at 30 November 2018 and 01
December 2018
(71,824)
(164,787)
92,963
Share issue during the year
160,000
-
160,000
-
(2,734,306)
(2,734,306)
Loss for the year
Balance at 30 November 2019
252,963
(2,899,093)
(2,646,130)
6 of 8
9
For the year ended 30 November 2019
VS1 Business Services (Europe) Ltd.
Notes to the Financial Statements
Statutory Information
VS1 Business Services (Europe) Ltd. is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06749540.
Registered address:
Kingfisher House, 21 Elmfield Road,
Elmfield Road
Bromley
England
BR1 1LT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 December 2018
24,647
6,647
18,000
11,200
11,200
-
Additions
At 30 November 2019
18,000
17,847
35,847
Provision for depreciation and impairment
At 01 December 2018
21,048
6,194
14,854
Charge for year
4,125
3,496
629
At 30 November 2019
25,173
9,690
15,483
At 30 November 2019
Net book value
2,517
8,157
10,674
At 30 November 2018
3,146
453
3,599
3. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Other creditors
-
115,669
7 of 8
10
For the year ended 30 November 2019
VS1 Business Services (Europe) Ltd.
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Other creditors
2,691,856
-
5. Average number of persons employed
During the year the average number of employees was 2 (2018 : 2)
8 of 8