Company Registration No. 07541216 (England and Wales)
ONE VYNER STREET LIMITED
Unaudited accounts
for the year ended 31 March 2021
ONE VYNER STREET LIMITED
Unaudited accounts
Contents
ONE VYNER STREET LIMITED
Company Information
for the year ended 31 March 2021
Directors
Paolo Mozzato
Andrea Michelon
Mitshel Matahat Ibrahim
Stephen Sinclair
Company Number
07541216 (England and Wales)
Registered Office
1 VYNER STREET
LONDON
E2 9DG
ENGLAND
Accountants
Viewpoint Partners Ltd
Suite 3.06
1-3 Brixton Road
London
SW9 6DE
ONE VYNER STREET LIMITED
Statement of financial position
as at 31 March 2021
Tangible assets
17,097
12,544
Cash at bank and in hand
178,724
7,681
Creditors: amounts falling due within one year
(123,722)
(71,430)
Net current assets/(liabilities)
112,376
(18,763)
Total assets less current liabilities
129,473
(6,219)
Creditors: amounts falling due after more than one year
(50,000)
(4,905)
Net assets/(liabilities)
79,473
(11,124)
Called up share capital
15
15
Profit and loss account
79,458
(11,139)
Shareholders' funds
79,473
(11,124)
For the year ending 31 March 2021 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 31 December 2021 and were signed on its behalf by
Paolo Mozzato
Director
Company Registration No. 07541216
ONE VYNER STREET LIMITED
Notes to the Accounts
for the year ended 31 March 2021
ONE VYNER STREET LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07541216. The registered office is 1 VYNER STREET, LONDON, E2 9DG, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
10% straight line
Fixtures & fittings
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
ONE VYNER STREET LIMITED
Notes to the Accounts
for the year ended 31 March 2021
During the year the Company received CJRS and local authority grant income. This income is recognised in the financial statements using the accrual model.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2020
-
77,093
77,093
At 31 March 2021
7,819
77,093
84,912
At 1 April 2020
-
64,549
64,549
Charge for the year
170
3,096
3,266
At 31 March 2021
170
67,645
67,815
At 31 March 2021
7,649
9,448
17,097
At 31 March 2020
-
12,544
12,544
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
11,445
11,180
Other debtors
35,385
22,500
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
2,490
4,124
Trade creditors
54,295
23,311
Taxes and social security
46,308
9,146
Other creditors
7,248
26,959
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 12 (2020: 10).
