Vansh Enterprise Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09659922 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022

FOR

VANSH ENTERPRISE LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Vinodkumar Radia

Mrs Anila Radia

Mr Shray Radia

REGISTERED OFFICE:

23 Chestnut Drive

Windsor

Berkshire

SL4 4UT

REGISTERED NUMBER:

09659922 (England and Wales)

ACCOUNTANTS:

R Pau & Co Limited

Chartered Certified Accountants

12-16 Station Street East

Coventry

West Midlands

CV6 5FJ

BANKERS:

HSBC

11 Hinckley Road

Leicester

Leicestershire

LE3 0LG

FIXED ASSETS

Intangible assets

3

149,929

161,000

Tangible assets

4

38,898

42,258

188,827

203,258

CURRENT ASSETS

Stocks

4,923

2,885

Debtors

692

4,069

Cash at bank and in hand

160,256

131,096

165,871

138,050

CREDITORS

Amounts falling due within one year

188,417

260,929

NET CURRENT LIABILITIES

(22,546

)

(122,879

)

TOTAL ASSETS LESS CURRENT LIABILITIES

166,281

80,379

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

166,081

80,179

SHAREHOLDERS' FUNDS

166,281

80,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30th June 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd December 2022 and were signed on its behalf by:

Mr Shray Radia - Director

1.	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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 13 ) .

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2021

and 30th June 2022

221,429

AMORTISATION

At 1st July 2021

60,429

Amortisation for year

11,071

At 30th June 2022

71,500

NET BOOK VALUE

At 30th June 2022

149,929

At 30th June 2021

161,000

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2021

71,943

Additions

962

At 30th June 2022

72,905

DEPRECIATION

At 1st July 2021

29,685

Charge for year

4,322

At 30th June 2022

34,007

NET BOOK VALUE

At 30th June 2022

38,898

At 30th June 2021

42,258