VN Consulting Limited - Period Ending 2018-04-30

VN Consulting Limited

Annual Report and Unaudited Financial Statements
Year Ended 30 April 2018

Registration number: 04200315

VN Consulting Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

VN Consulting Limited

Company Information

Directors

Mr A R W Newbery Mrs V Newbery

Registered office

Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE

Accountants

Francis Clark LLP Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE

Page 1

VN Consulting Limited

Balance Sheet

30 April 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	130	305
Current assets
Debtors	5	82,352	97,531
Cash at bank and in hand		29,297	22,233
		111,649	119,764
Creditors: Amounts falling due within one year	6	(54,066)	(54,066)
Net current assets		57,583	65,698
Net assets		57,713	66,003
Capital and reserves
Called up share capital		2	2
Profit and loss account		57,711	66,001
Total equity		57,713	66,003

For the financial year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 January 2019 and signed on its behalf by:
 

......................................... Mrs V Newbery Director

Company Registration Number: 04200315

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

VN Consulting Limited

Notes to the Financial Statements

Year Ended 30 April 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

The principal place of business is:
94 Orbel Street
London
SW11 3NY

These financial statements were authorised for issue by the Board on 29 January 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 Section 1A and the Companies Act 2006.

There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 3

VN Consulting Limited

Notes to the Financial Statements

Year Ended 30 April 2018

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2017 - 2).

Page 4

VN Consulting Limited

Notes to the Financial Statements

Year Ended 30 April 2018

4	Tangible assets

	Plant and machinery  £	Total £
Cost or valuation
At 1 May 2017	6,098	6,098
At 30 April 2018	6,098	6,098
Depreciation
At 1 May 2017	5,793	5,793
Charge for the year	175	175
At 30 April 2018	5,968	5,968
Carrying amount
At 30 April 2018	130	130
At 30 April 2017	305	305

5

Debtors

	2018  £	2017  £
Other debtors	82,000	97,531
Prepayments	352	-
	82,352	97,531

Included in other debtors is £70,000 (2017: £84,000) due after more than one year.

Page 5

VN Consulting Limited

Notes to the Financial Statements

Year Ended 30 April 2018

6

Creditors

Creditors: amounts falling due within one year

	2018  £	2017  £
Due within one year
Other creditors	52,866	52,866
Accrued expenses	1,200	1,200
	54,066	54,066

7	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary share capital of £1 each	2	2	2	2

Page 6