VCENTREPRENEURS CAPITAL LIMITED - Accounts to registrar (filleted) - small 18.2

VCENTREPRENEURS CAPITAL LIMITED - Accounts to registrar (filleted) - small 18.2

VCENTREPRENEURS CAPITAL LTD - Company Information

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REGISTERED NUMBER: 08378509 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

FOR

VCENTREPRENEURS CAPITAL LIMITED
VCENTREPRENEURS CAPITAL LIMITED (Registered number: 08378509)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VCENTREPRENEURS CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2021







DIRECTOR: K G Shevchenko





REGISTERED OFFICE: Unit 3, 1st Floor North Cavendish House
369-391 Burnt Oak Broadway
Edgware
Middlesex
HA8 5AW





REGISTERED NUMBER: 08378509 (England and Wales)





ACCOUNTANTS: Reed Taylor Benedict
Unit 3, 1st Floor North
Cavendish House
369-391 Burnt Oak Broadway
Edgware
Middlesex
HA8 5AW
Page 1
VCENTREPRENEURS CAPITAL LIMITED (Registered number: 08378509)

BALANCE SHEET
31 JANUARY 2021

31.1.21 31.1.20
Notes £    £   
CURRENT ASSETS
Debtors 4 86,946 50,694
Cash at bank and in hand 23,501 10
110,447 50,704
CREDITORS
Amounts falling due within one year 5 91,783 50,694
NET CURRENT ASSETS 18,664 10
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,664
10

CREDITORS
Amounts falling due after more than one
year
6
23,500
-
NET (LIABILITIES)/ASSETS (4,836 ) 10

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (4,846 ) -
SHAREHOLDERS' FUNDS (4,836 ) 10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 5 August 2022 and were signed by:





K G Shevchenko - Director


The notes form part of these financial statements

Page 2
VCENTREPRENEURS CAPITAL LIMITED (Registered number: 08378509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021

1. STATUTORY INFORMATION

VCENTREPRENEURS CAPITAL 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.

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
In March 2020 the World Health Organisation (WHO) declared Covid-19 as a worldwide pandemic. There has been no material impact on the financial position of the company as a result. In relation to this the director has reviewed the company's performance, and has implemented a plan for the future. As a result, she believes that the preparation of the financial statements on the going concern basis is appropriate.

This basis is dependent upon the continued support of the company's director and creditors.

The financial statements do not include any adjustments that would result from a withdrawal of financial support from the company's director and creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

Page 3 continued...
VCENTREPRENEURS CAPITAL LIMITED (Registered number: 08378509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2021

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.21 31.1.20
£    £   
Other debtors - 798
Directors' current accounts 61,464 33,502
Taxation paid in advance 5,506 5,506
Taxation recoverable 19,976 10,888
86,946 50,694

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.21 31.1.20
£    £   
Bank loans and overdrafts - 6
Associated company 32,594 -
Tax 45,491 37,540
Social security and other taxes 10,348 10,348
Accruals and deferred income 3,350 2,800
91,783 50,694

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.21 31.1.20
£    £   
Bank loans more 5 yr by instal 23,500 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,500 -

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2021 and 31 January 2020:

31.1.21 31.1.20
£    £   
K G Shevchenko
Balance outstanding at start of year 33,502 23,297
Amounts advanced 27,962 33,502
Amounts repaid - (23,297 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,464 33,502

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