Company Registration No. 12937802 (England and Wales)
VILLAGE LOCAL LTD
Unaudited accounts
for the year ended 31 October 2022
VILLAGE LOCAL LTD
Unaudited accounts
Contents
VILLAGE LOCAL LTD
Company Information
for the year ended 31 October 2022
Directors
Ashok POTHUGUNTA
Velmurugan SRINIVASAN
Company Number
12937802 (England and Wales)
Registered Office
Crondall Stores Pankridge Street
Crondall
Farnham
GU10 5QT
VILLAGE LOCAL LTD
Statement of financial position
as at 31 October 2022
Intangible assets
125,000
125,000
Tangible assets
675,000
675,000
Cash at bank and in hand
4,625
2,065
Creditors: amounts falling due within one year
(372,940)
(35,934)
Net current (liabilities)/assets
(334,315)
131
Total assets less current liabilities
465,685
800,131
Creditors: amounts falling due after more than one year
(448,485)
(791,254)
Called up share capital
20
20
Profit and loss account
17,180
8,857
Shareholders' funds
17,200
8,877
For the year ending 31 October 2022 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 Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 31 July 2023 and were signed on its behalf by
Ashok POTHUGUNTA
Director
Company Registration No. 12937802
VILLAGE LOCAL LTD
Notes to the Accounts
for the year ended 31 October 2022
VILLAGE LOCAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12937802. The registered office is Crondall Stores Pankridge Street, Crondall, Farnham, GU10 5QT.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total
At 1 November 2021
125,000
At 31 October 2022
125,000
At 31 October 2022
125,000
At 31 October 2021
125,000
VILLAGE LOCAL LTD
Notes to the Accounts
for the year ended 31 October 2022
5
Tangible fixed assets
Total
At 1 November 2021
675,000
At 31 October 2022
675,000
At 31 October 2022
675,000
At 31 October 2021
675,000
6
Average number of employees
During the year the average number of employees was 4 (2021: 4).