Vidoflex U.K. Limited - Accounts to registrar (filleted) - small 23.2.5
Vidoflex U.K. Limited - Accounts to registrar (filleted) - small 23.2.5
REGISTERED NUMBER: |
Vidoflex U.K. Limited |
Unaudited Financial Statements |
for the Period 1 April 2023 to 30 September 2023 |
Vidoflex U.K. Limited (Registered number: 04205280) |
Contents of the Financial Statements |
for the Period 1 April 2023 to 30 September 2023 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Vidoflex U.K. Limited |
Company Information |
for the Period 1 April 2023 to 30 September 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
4 King Square |
Bridgwater |
Somerset |
TA6 3YF |
BANKERS: |
25 Cornhill |
Bridgwater |
Somerset |
TA6 3AY |
Vidoflex U.K. Limited (Registered number: 04205280) |
Abridged Statement of Financial Position |
30 September 2023 |
30.9.23 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Vidoflex U.K. Limited (Registered number: 04205280) |
Abridged Statement of Financial Position - continued |
30 September 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Vidoflex U.K. Limited (Registered number: 04205280) |
Notes to the Financial Statements |
for the Period 1 April 2023 to 30 September 2023 |
1. | STATUTORY INFORMATION |
Vidoflex U.K. Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques. |
The financial statements have been prepared on a going concern basis which assumes the continued support of the company's main creditor; a partnership in which some of the shareholders have an interest. There is no intention to require payment of this debt in the foreseeable future. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
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 period 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 period 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. |
Vidoflex U.K. Limited (Registered number: 04205280) |
Notes to the Financial Statements - continued |
for the Period 1 April 2023 to 30 September 2023 |
3. | ACCOUNTING POLICIES - continued |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2023 |
and 30 September 2023 |
DEPRECIATION |
At 1 April 2023 |
and 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 31 March 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
30.9.23 | 31.3.23 |
£ | £ |
Repayable otherwise than by instalments |
Other loans |
7. | RELATED PARTY DISCLOSURES |
The company owes £288,613 (31.3.2023: £288,613) to a partnership in which the shareholders have an interest. This amount is included in long-term other loans. |
The company also owed £46,957 (31.3.2023: £56,991) to Cool Stop Air-Conditioning Limited, a company controlled by the director. |
Any transactions with these companies are at arms length and current market value. Such transactions consist of recharges, working capital and sale of products. |
8. | ULTIMATE CONTROLLING PARTY |
The company was controlled throughout the current and previous periods by R A F Lloyd, a director. |