Vasily Enterprises Limited - Accounts to registrar (filleted) - small 18.2

Vasily Enterprises Limited - Accounts to registrar (filleted) - small 18.2

VASILY ENTERPRISES LIMITED - Company Information

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REGISTERED NUMBER: 04173569 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2017

for

VASILY ENTERPRISES LIMITED
Hive Accountancy Ltd
The Innovation Centre
Treliske
Truro
Cornwall
TR1 3FF








VASILY ENTERPRISES LIMITED (REGISTERED NUMBER: 04173569)






Contents of the Financial Statements
for the Year Ended 31 October 2017




Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


VASILY ENTERPRISES LIMITED

Company Information
for the Year Ended 31 October 2017







DIRECTORS: Dr V Maslukovs
Dr A Olehnovica





REGISTERED OFFICE: 50 Chigwell Road
South Woodford
London
E18 1LS





REGISTERED NUMBER: 04173569 (England and Wales)





ACCOUNTANTS: Hive Accountancy Ltd
The Innovation Centre
Treliske
Truro
Cornwall
TR1 3FF
Page 1
VASILY ENTERPRISES LIMITED (REGISTERED NUMBER: 04173569)

Abridged Balance Sheet
31 October 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 130,523 139,225
Tangible assets 5 5,808 17,047
136,331 156,272

CURRENT ASSETS
Stocks 5,542 6,044
Debtors 19,582 18,309
Cash at bank 52,853 132,795
77,977 157,148
CREDITORS
Amounts falling due within one year 194,679 256,791
NET CURRENT LIABILITIES (116,702 ) (99,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,629
56,629

PROVISIONS FOR LIABILITIES - 1,995
NET ASSETS 19,629 54,634

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,529 54,534
SHAREHOLDERS' FUNDS 19,629 54,634

The notes on pages 4 to 6 form part of these financial statements

Page 2 continued...
VASILY ENTERPRISES LIMITED (REGISTERED NUMBER: 04173569)

Abridged Balance Sheet - continued
31 October 2017


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2017 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 on 30 July 2018 and were signed on its
behalf by:





Dr V Maslukovs - Director


The notes on pages 4 to 6 form part of these financial statements

Page 3
VASILY ENTERPRISES LIMITED (REGISTERED NUMBER: 04173569)

Notes to the Financial Statements
for the Year Ended 31 October 2017

1. STATUTORY INFORMATION

Vasily Enterprises Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the
period.

The total turnover of the company for the year has been derived from its principal activity wholly
undertaken in the UK.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

The goodwill broadly reflects the patient list acquired in 2012 which is considered to suffer 5% attrition
each year.

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.
Improvements to property - Nil
Fixtures, fittings & equipment - 20% on cost
Library - 10% on cost

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 balance sheet date.


Page 4 continued...
VASILY ENTERPRISES LIMITED (REGISTERED NUMBER: 04173569)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2016
and 31 October 2017 174,031
AMORTISATION
At 1 November 2016 34,806
Amortisation for year 8,702
At 31 October 2017 43,508
NET BOOK VALUE

At 31 October 2017 130,523
At 31 October 2016 139,225

Page 5 continued...
VASILY ENTERPRISES LIMITED (REGISTERED NUMBER: 04173569)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2016 70,636
Additions 900
At 31 October 2017 71,536
DEPRECIATION
At 1 November 2016 53,589
Charge for year 12,139
At 31 October 2017 65,728
NET BOOK VALUE
At 31 October 2017 5,808
At 31 October 2016 17,047

Page 6