Company Registration No. 07119380 (England and Wales)
Vakt & Co Limited
Unaudited accounts
for the year ended 31 March 2021
Vakt & Co Limited
Unaudited accounts
Contents
Vakt & Co Limited
Company Information
for the year ended 31 March 2021
Director
OLADIRAN KOLEADE
Company Number
07119380 (England and Wales)
Registered Office
279 Newmarsh Road
Thamesmead
London
SE28 8TE
United Kingdom
Vakt & Co Limited
Statement of financial position
as at
31 March 2021
Tangible assets
46,580
5,146
Cash at bank and in hand
53,698
15,170
Creditors: amounts falling due within one year
(1,155)
(1,804)
Net current assets
66,982
30,684
Total assets less current liabilities
123,562
35,830
Creditors: amounts falling due after more than one year
(114,150)
(30,307)
Provisions for liabilities
Other provisions
(5,202)
-
Called up share capital
1,135
1,135
Profit and loss account
3,075
4,388
Shareholders' funds
4,210
5,523
For the year ending 31 March 2021 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 December 2021 and were signed on its behalf by
OLADIRAN KOLEADE
Director
Company Registration No. 07119380
Vakt & Co Limited
Notes to the Accounts
for the year ended 31 March 2021
Vakt & Co Limited is a private company, limited by shares, registered in England and Wales, registration number 07119380. The registered office is 279 Newmarsh Road, Thamesmead, London, SE28 8TE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2020
-
15,000
15,000
Additions
44,007
-
44,007
At 31 March 2021
44,007
15,000
59,007
At 1 April 2020
-
9,854
9,854
Charge for the year
-
2,573
2,573
At 31 March 2021
-
12,427
12,427
At 31 March 2021
44,007
2,573
46,580
At 31 March 2020
-
5,146
5,146
5
Investments
Other investments
Valuation at 1 April 2020
-
Valuation at 31 March 2021
10,000
Vakt & Co Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
14,439
17,318
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
1,155
1,804
8
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
(86)
(87)
Taxes and social security
16,692
8,574
9
Average number of employees
During the year the average number of employees was 3 (2020: 3).