VIGO LANE LTD - Accounts

VIGO LANE LTD - Accounts

VIGO LANE LTD - Company Information

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Registered Number: 12042269
England and Wales

 

 

 

VIGO LANE LTD


Abridged Accounts
 


Period of accounts

Start date: 10 June 2019

End date: 30 June 2020

VIGO LANE LTD
Contents Page
For the period ended 30 June 2020
 
 		 Notes
 		 2020
£
Current assets    
Stocks 13,250 
Debtors 13,600 
Cash at bank and in hand 8,418 
35,268 
Creditors: amount falling due within one year (6,767)
Net current assets 28,501 
 
Total assets less current liabilities 28,501 
Creditors: amount falling due after more than one year (41,000)
Net assets (12,499)
 

Capital and reserves 		   
Called up share capital 2 100 
Profit and loss account (12,599)
Shareholders funds (12,499)
 


For the period ended 30 June 2020 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 period in question in accordance with section 476
  2. 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
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 09 September 2020 and were signed by:


--------------------------------
Jeyaraj KUNENTHIRARAJA
Director
1
General Information
VIGO LANE LTD is a private company, limited by shares, registered in England and Wales, registration number 12042269, registration address Vigo Lane Service Station, Durham Road Trading Estate, Birtley, Chester Le Street, County Durham, County Durham, DH3 2BQ

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 on the going concern basis and 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted
2020
£
100 Class A shares of £1.00 each 100 
100 

2