Registration number:
Vlk Solutions Limited
trading as
for the Period from 6 July 2016 to 31 July 2017
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP
Vlk Solutions Limited
trading as VLK Solutions Limited
Contents
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Company Information |
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Accountants' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Vlk Solutions Limited
trading as VLK Solutions Limited
Company Information
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Director |
Ms Victoria Johnson |
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Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Vlk Solutions Limited
trading as VLK Solutions Limited
for the Period Ended 31 July 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vlk Solutions Limited for the period ended 31 July 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Vlk Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Vlk Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Vlk Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vlk Solutions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Vlk Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vlk Solutions Limited. You consider that Vlk Solutions Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Vlk Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Bollin Link
Wilmslow
Cheshire
SK9 1DP
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Page 2 |
Vlk Solutions Limited
trading as VLK Solutions Limited
Statement of Comprehensive Income for the Period from 6 July 2016 to 31 July 2017
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Note |
2017 |
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Profit for the period |
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Total comprehensive income for the period |
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Page 3 |
Vlk Solutions Limited
trading as VLK Solutions Limited
(Registration number: 10265749)
Balance Sheet as at 31 July 2017
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Note |
2017 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial period ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Ms Victoria Johnson
Director
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Page 4 |
Vlk Solutions Limited
trading as VLK Solutions Limited
Statement of Changes in Equity for the Period from 6 July 2016 to 31 July 2017
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Share capital |
Profit and loss account |
Total |
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At 6 July 2016 |
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- |
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Profit for the period |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
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At 31 July 2017 |
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- |
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Page 5 |
Vlk Solutions Limited
trading as VLK Solutions Limited
Notes to the Financial Statements for the Period from 6 July 2016 to 31 July 2017
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General information |
The company is a private company limited by share capital incorporated in United Kingdom.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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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 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.
These financial statements for the year ended 31/07/2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 06/07/2016. The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and any impact on opening equity and profit for the comparative period are explained in notes below.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Page 6 |
Vlk Solutions Limited
trading as VLK Solutions Limited
Notes to the Financial Statements for the Period from 6 July 2016 to 31 July 2017
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
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Debtors |
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2017 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
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Page 7 |
Vlk Solutions Limited
trading as VLK Solutions Limited
Notes to the Financial Statements for the Period from 6 July 2016 to 31 July 2017
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Note |
2017 |
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Due within one year |
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Taxation and social security |
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Corporation Tax |
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Dividends |
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2017 |
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£ |
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Final dividend of £ |
27,962 |
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Related party transactions |
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Transactions with directors |
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2017 |
Advances to directors |
At 31 July 2017 |
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Ms Victoria Johnson |
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Non-interest bearing advances made to director (repayable on demand) |
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Directors' remuneration
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Other transactions with directors |
Dividend of £27,962.16 was paid to the Director, Ms Johnson during the year. At the balance sheet date the amount due back to the company from Ms Johnson was £990.44.
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Page 8 |