Village Archives Limited Accounts

VILLAGE ARCHIVES LIMITED - Company Information






Village Archives Limited

	Company No. 06130066
		Information for Filing with The Registrar
		28 February 2022

The Director presents her report and the accounts for the year ended 28 February 2022.

Principal activities
The principal activity of the company during the year under review was Storage Units.




Director

The Director who served at any time during the year was as follows:

H. Stoneham





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

H. Stoneham
Director
24 February 2023

at	28 February 2022
Company No.		06130066	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	9,102	13,653


				9,102	13,653
Current assets

	Debtors		5	100	-

	Cash at bank and in hand			13,065	20,996
				13,165	20,996
Creditors: Amount falling due within one year			6	(2,606)	(3,644)
Net current assets				10,559	17,352
Total assets less current liabilities				19,661	31,005
Creditors: Amounts falling due after more than one year			7	(11,893)	(21,893)



Net assets				7,768	9,112

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		8	7,766	9,110

Total equity				7,768	9,112



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 28 February 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 24 February 2023
And signed on its behalf by:
H. Stoneham
Director
24 February 2023

for the year ended 28 February 2022

General information

Its registered number is: 06130066

Its registered office is:

Church Farm

Church Farm Lane

Chalvington

East Sussex

BN27 3TD

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25%% on reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

	2022	2021
	Number	Number
The average monthly number of employees (including directors) during the year was:	0	0

4	Tangible fixed assets
			Land and buildings	Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 March 2021	35,345	6,720	11,565	53,630




		At 28 February 2022	35,345	6,720	11,565	53,630
		Depreciation
		At 1 March 2021	22,347	6,593	11,037	39,977
		Charge for the year	4,333	76	142	4,551



		At 28 February 2022	26,680	6,669	11,179	44,528
		Net book values
		At 28 February 2022	8,665	51	386	9,102
		At 28 February 2021	12,998	127	528	13,653

5	Debtors
			2022	2021
			£	£
		Trade debtors	100	-







			100	-

6	Creditors:
		amounts falling due within one year
			2022	2021
			£	£






		Corporation tax	2,606	3,645



		Accruals and deferred income	-	(1)
			2,606	3,644

7	Creditors:
		amounts falling due after more than one year
			2022	2021
			£	£




		Trade creditors	-	10,000

		Other creditors	11,893	11,893

			11,893	21,893

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.