VG & S LIMITED - Accounts

VG & S LIMITED - Accounts

VG & S LIMITED - Company Information

Print Friendly Version

2022-04-01 2023-03-31 false Capium Accounts Production 1.1 11893381 bus:AbridgedAccounts 2022-04-01 2023-03-31 11893381 bus:FRS102 2022-04-01 2023-03-31 11893381 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11893381 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11893381 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11893381 2022-04-01 2023-03-31 11893381 2023-03-31 11893381 bus:RegisteredOffice 2022-04-01 2023-03-31 11893381 core:WithinOneYear 2023-03-31 11893381 core:AfterOneYear 2023-03-31 11893381 bus:Director1 2022-04-01 2023-03-31 11893381 bus:Director1 2023-03-31 11893381 bus:Director1 2021-04-01 2022-03-31 11893381 2021-04-01 11893381 bus:CompanySecretary1 2022-04-01 2023-03-31 11893381 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 11893381 2021-04-01 2022-03-31 11893381 2022-03-31 11893381 core:WithinOneYear 2022-03-31 11893381 core:AfterOneYear 2022-03-31 11893381 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 11893381 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11893381 bus:OrdinaryShareClass1 2023-03-31 11893381 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 11893381 bus:OrdinaryShareClass1 2022-03-31 11893381 core:MotorCars 2022-04-01 2023-03-31 11893381 core:MotorCars 2023-03-31 11893381 core:MotorCars 2022-03-31 11893381 core:FurnitureFittings 2022-04-01 2023-03-31 11893381 core:FurnitureFittings 2023-03-31 11893381 core:FurnitureFittings 2022-03-31 11893381 core:ComputerEquipment 2022-04-01 2023-03-31 11893381 core:ComputerEquipment 2023-03-31 11893381 core:ComputerEquipment 2022-03-31 11893381 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 11893381 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 11893381 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 11893381 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 11893381 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 11893381 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 11893381 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 11893381 core:Non-currentFinancialInstruments 2023-03-31 11893381 core:Non-currentFinancialInstruments 2022-03-31 11893381 core:ShareCapital 2023-03-31 11893381 core:ShareCapital 2022-03-31 11893381 core:RetainedEarningsAccumulatedLosses 2023-03-31 11893381 core:RetainedEarningsAccumulatedLosses 2022-03-31 11893381 dpl:Item1 2022-04-01 11893381 dpl:Item1 2023-03-31 11893381 dpl:Item1 2021-04-01 11893381 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11893381
England and Wales

 

 

 

VG & S LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

VG & S LIMITED
Contents Page
For the year ended 31 March 2023
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 42,588    52,027 
42,588    52,027 
Current assets      
Stocks 4,153    4,652 
Cash at bank and in hand 298,078    226,198 
302,231    230,850 
Creditors: amount falling due within one year (100,932)   (95,725)
Net current assets 201,299    135,125 
 
Total assets less current liabilities 243,887    187,152 
Creditors: amount falling due after more than one year (32,757)   (39,862)
Net assets 211,130    147,290 
 

Capital and reserves 		     
Called up share capital 4 100    100 
Profit and loss account 211,030    147,190 
Shareholder's funds 211,130    147,290 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 December 2023 and were signed by:


-------------------------------
Samet Kilic
Director
1
General Information
VG & S LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11893381, registration address C/O Goodmen Ltd, Iveco House,, Station Road, Watford, , England, W1H 5NF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 10% Straight Line
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Improvements to property 20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 10 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £   £
At 01 April 2022 24,152    10,999    929    34,439    70,519 
Additions -    -    -    -    - 
Disposals -    -    -    -    - 
At 31 March 2023 24,152    10,999    929    34,439    70,519 
Depreciation
At 01 April 2022 7,246    4,024    334    6,888    18,492 
Charge for year 2,415    1,395    119    5,510    9,439 
On disposals -    -    -    -    - 
At 31 March 2023 9,661    5,419    453    12,398    27,931 
Net book values
Closing balance as at 31 March 2023 14,491    5,580    476    22,041    42,588 
Opening balance as at 01 April 2022 16,906    6,975    595    27,551    52,027 


4.

Share Capital

Allotted, called up and fully paid
2023
£		   2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

2