V&F Business Ltd Accounts






V&F Business Ltd

	Company No. 10521618
		Information for Filing with The Registrar
		31 December 2020

The Director presents his report and the accounts for the year ended 31 December 2020.

Principal activities
The principal activity of the company during the year under review was joinery.




Director

The Director who served at any time during the year was as follows:

V. Cociu





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

V. Cociu
Director
31 December 2020

at	31 December 2020
Company No.		10521618	Notes	2020	2019
				£	£






Current assets

	Debtors		4	13,500	6,000

	Cash at bank and in hand			46,475	-
				59,975	6,000
Creditors: Amount falling due within one year			5	(21,654)	(44,406)
Net current assets/(liabilities)				38,321	(38,406)
Total assets less current liabilities				38,321	(38,406)
Creditors: Amounts falling due after more than one year			6	(45,000)	-



Net liabilities				(6,679)	(38,406)

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		7	(6,680)	(38,407)

Total equity				(6,679)	(38,406)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 December 2020
And signed on its behalf by:
V. Cociu
Director
31 December 2020

for the year ended 31 December 2020

General information

Its registered number is: 10521618

Its registered office is:

49b Shrewsbury Lane

London

SE18 3JE

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

3	Employees
			2020	2019
			Number	Number
		The average monthly number of employees (including directors) during the year was:	6	2

4	Debtors
			2020	2019
			£	£






		Other debtors	13,500	6,000

			13,500	6,000

5	Creditors:
		amounts falling due within one year
			2020	2019
			£	£

		Bank loans and overdrafts	-	4,460





		Other taxes and social security	20,358	37,752

		Other creditors	1,296	2,194

			21,654	44,406

6	Creditors:
		amounts falling due after more than one year
			2020	2019
			£	£

		Bank loans and overdrafts	45,000	-






			45,000	-

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.