Varilink Computing Limited - Accounts to registrar (filleted) - small 18.2

Varilink Computing Limited - Accounts to registrar (filleted) - small 18.2

VARILINK COMPUTING LIMITED - Company Information

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REGISTERED NUMBER: 03121510 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020

FOR

VARILINK COMPUTING LIMITED

VARILINK COMPUTING LIMITED (REGISTERED NUMBER: 03121510)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VARILINK COMPUTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2020







DIRECTOR: D Williamson





REGISTERED OFFICE: 10 Hitchen Road
Long Eaton
Nottingham
NG10 3SB





REGISTERED NUMBER: 03121510 (England and Wales)





ACCOUNTANTS: NG Accounting & Tax Limited
Johnstone House
2a Gordon Road
West Bridgford
Nottingham
NG2 5LN
Page 1
VARILINK COMPUTING LIMITED (REGISTERED NUMBER: 03121510)

BALANCE SHEET
30 NOVEMBER 2020

2020 2019
Notes £    £   
FIXED ASSETS
Intangible assets 4 439 439
Tangible assets 5 1,329 1,772
1,768 2,211

CURRENT ASSETS
Debtors 6 - 265
Investments 7 27,000 27,000
Cash at bank 176,286 34,767
203,286 62,032
CREDITORS
Amounts falling due within one year 8 (42,615 ) (14,436 )
NET CURRENT ASSETS 160,671 47,596
TOTAL ASSETS LESS CURRENT LIABILITIES 162,439 49,807

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 162,139 49,507
SHAREHOLDERS' FUNDS 162,439 49,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The notes on pages 4 to 5 form part of these financial statements

Page 2 continued...
VARILINK COMPUTING LIMITED (REGISTERED NUMBER: 03121510)

BALANCE SHEET - continued
30 NOVEMBER 2020


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2021 and were signed by:





D Williamson - Director


The notes on pages 4 to 5 form part of these financial statements

Page 3
VARILINK COMPUTING LIMITED (REGISTERED NUMBER: 03121510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

1. STATUTORY INFORMATION

Varilink Computing 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.

Intangible assets - cryptocurrency
Cryptocurrency is a digital form of money that is carried in the accounts at cost.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2019
and 30 November 2020 439
NET BOOK VALUE
At 30 November 2020 439
At 30 November 2019 439

Page 4 continued...
VARILINK COMPUTING LIMITED (REGISTERED NUMBER: 03121510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2020

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2019
and 30 November 2020 13,483
DEPRECIATION
At 1 December 2019 11,711
Charge for year 443
At 30 November 2020 12,154
NET BOOK VALUE
At 30 November 2020 1,329
At 30 November 2019 1,772

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors - 265

7. CURRENT ASSET INVESTMENTS
2020 2019
£    £   
Unlisted investments 27,000 27,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 28,395 -
Other creditors 14,220 14,436
42,615 14,436

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 were paid to the director .

At the year end the company owed D Williamson £13,220 (2019: £13,686).

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Williamson.

Page 5