Company Registration No. 05278110 (England and Wales)
VNW Limited
Unaudited accounts
for the year ended 31 March 2022
VNW Limited
Unaudited accounts
Contents
VNW Limited
Statement of financial position
as at 31 March 2022
Tangible assets
1,096
2,576
Cash at bank and in hand
44,376
52,978
Creditors: amounts falling due within one year
(20,780)
(13,826)
Net current assets
36,618
52,712
Total assets less current liabilities
37,714
55,288
Creditors: amounts falling due after more than one year
(37,305)
(42,533)
Called up share capital
100
100
Profit and loss account
309
12,655
Shareholders' funds
409
12,755
For the year ending 31 March 2022 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 director acknowledges his 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 and authorised for issue on 1 April 2022 and were signed on its behalf by
Vincent JK Lim
Director
Company Registration No. 05278110
VNW Limited
Notes to the Accounts
for the year ended 31 March 2022
VNW Limited is a private company, limited by shares, registered in England and Wales, registration number 05278110. The registered office is 70 DOWDESWELL CLOSE, LONDON, SW15 5RL, UNITED KINGDOM.
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:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
4,000
10,330
14,330
At 31 March 2022
4,000
10,330
14,330
At 1 April 2021
3,333
8,421
11,754
Charge for the year
667
813
1,480
At 31 March 2022
4,000
9,234
13,234
At 31 March 2022
-
1,096
1,096
At 31 March 2021
667
1,909
2,576
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
12,321
12,595
Accrued income and prepayments
701
965
VNW Limited
Notes to the Accounts
for the year ended 31 March 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,880
1,467
Trade creditors
6,008
6,689
Taxes and social security
4,840
1,242
Proposed dividends
2,000
2,000
Other creditors
1,709
1,738
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
