**Company Registration No. 10110668 (England and Wales)**
## **VALLABH YOUTH ORGANISATION (UK) LTD**
# **DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 APRIL 2021**
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **COMPANY INFORMATION**
**Directors** Mr Kantesh Popat Mr Rohit Kotecha Mr Jawahar Chatwani Mrs Jayshree Radia Mrs Madhu Somani Mr Mitul Gadhia Mrs Devyanidevi Patel **Secretary Company number** 10110668 **Registered office** Dunwoody House 396 Kenton Road Harrow Middlesex HA3 9DH **Accountants** PRS Accountants and Taxation Services 36 Glebe Road Finchley London N3 2AX **Business address** Dunwoody House 396 Kenton Road Harrow Middlesex HA3 9DH
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **CONTENTS**
||**Page**|
|---|---|
|Directors' report|1 - 2|
|Accountants' report|3|
|Profit and loss account|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 8|
|The Detailed and Trading and Profit and Loss Account|9 - 10|
The pages from 9 to 10 do not form part of the financial statements.
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **DIRECTORS' REPORT**
## _**FOR THE YEAR ENDED 30 APRIL 2021**_
The directors present their report and financial statements for the year ended 30 April 2021.
## **Principal activities**
The principal activity of the company continued to be that of to advance the Hindu religion in accordance with the teachings of Shri Vallabh and the Srimad Bhagvat amongst the Pushtimarg Community particularly the children and the young people and to relieve financial needs, sickness, distress and suffering among victims of natural or other kinds of diaster in the form of money ( or other means deemed suitable) for persons, bodies, organisations and or countries affected including the provision of medical aid.
## **Directors**
The following directors have held office since 1 May 2020:
Mr Kantesh Popat Mr Rohit Kotecha Mr Jawahar Chatwani Mrs Jayshree Radia Mrs Madhu Somani Mr Mitul Gadhia Mrs Devyanidevi Patel
## **Statement of directors' responsibilities**
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Kantesh Popat **Director**
- 1 -
## **VALLABH YOUTH ORGANISATION (UK) LTD**
**DIRECTORS' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 APRIL 2021**_
15 December 2021
- 2 -
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **ACCOUNTANTS' REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS OF VALLABH YOUTH ORGANISATION (UK) LTD**
In accordance with the engagement letter dated 7 April 2016, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Vallabh Youth Organisation (UK) Ltd for the year ended 30 April 2021, set out on pages 4 to 8 from the accounting records and information and explanations you have given to us.
**PRS Accountants and Taxation Services**
15 December 2021
**The Firm Of Chartered Certified Accountants**
36 Glebe Road Finchley London N3 2AX
- 3 -
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **PROFIT AND LOSS ACCOUNT**
## _**FOR THE YEAR ENDED 30 APRIL 2021**_
|**Notes**
**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
**Profit on ordinary activities before**
**taxation**
Tax on profit on ordinary activities
**2**
**Profit for the year**
**6**|**2021**
**£**
123,935
(27,470)
96,465
(2,418)
94,047
-
94,047|**2020**
**£**
52,901
(47,624)|
|---|---|---|
|||5,277
(2,717)|
|||2,560
-|
|||2,560|
The profit and loss account has been prepared on the basis that all operations are continuing operations.
There are no recognised gains and losses other than those passing through the profit and loss account.
- 4 -
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **BALANCE SHEET**
## _**AS AT 30 APRIL 2021**_
|**Notes**
**Fixed assets**
Tangible assets
**3**
**Current assets**
Debtors
**4**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**5**
**Net current assets**
**Total assets less current liabilities**
**Capital and reserves**
Profit and loss account
**6**
**Shareholders' funds**
**7**|**2021**
**£**
**£**
185
6,905
180,173
187,078
(647)
186,431
186,616
186,616
186,616|**2020**
**£**
**£**
185
6,905
85,721
92,626
(242)
92,384
92,569
92,569
92,569|**2020**
**£**
**£**
185
6,905
85,721
92,626
(242)
92,384
92,569
92,569
92,569|
|---|---|---|---|
||||92,569|
||||92,569|
||||92,569|
For the financial year ended 30 April 2021 the company was entitled to exemption from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board and authorised for issue on 15 December 2021
Mr Kantesh Popat Mrs Jayshree Radia **Director Director**
**Company Registration No. 10110668**
- 5 -
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 30 APRIL 2021**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements are prepared under the historical cost convention.
## **1.2 Compliance with accounting standards**
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
## **1.3 Turnover**
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
## **1.4 Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 0.00 %
## **1.5 Deferred taxation**
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
|**2**
**Taxation**
**Total current tax**
**Factors affecting the tax charge for the year**
Profit on ordinary activities before taxation
Profit on ordinary activities before taxation multiplied by standard rate of
UK corporation tax of 0.00% (2020 - 0.00%)
**Current tax charge for the year**|**2021**
-
94,047
-
-|**2020**
-|
|---|---|---|
|||2,560|
|||-|
|||-|
- 6 -
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 APRIL 2021**_
## **3 Tangible fixed assets**
|**Cost**
At 1 May 2020 & at 30 April 2021
**Depreciation**
At 1 May 2020 & at 30 April 2021
**Net book value**
At 30 April 2021
At 30 April 2020
**4**
**Debtors**
Trade debtors
**5**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors|**Plant and**
**machinery etc**
**£**
185
-
185
185
**2021**
**2020**
**£**
**£**
6,905
6,905
**2021**
**2020**
**£**
**£**
146
242
501
-
647
242|**Plant and**
**machinery etc**
**£**
185
-
185
185
**2021**
**2020**
**£**
**£**
6,905
6,905
**2021**
**2020**
**£**
**£**
146
242
501
-
647
242|
|---|---|---|
|||-|
|||185|
|||185|
|||**2020**
**£**
6,905|
|||**2020**
**£**
242
-|
|||242|
- 7 -
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 APRIL 2021**_
|**6**
**Statement of movements on profit and loss account**
Balance at 1 May 2020
Profit for the year
Balance at 30 April 2021
**7**
**Reconciliation of movements in shareholders' funds**
Profit for the financial year
Opening shareholders' funds
Closing shareholders' funds|**Profit and**
**loss**
**account**
**£**
92,569
94,047
186,616
**2021**
**2020**
**£**
**£**
94,047
2,560
92,569
90,009
186,616
92,569|**Profit and**
**loss**
**account**
**£**
92,569
94,047
186,616
**2021**
**2020**
**£**
**£**
94,047
2,560
92,569
90,009
186,616
92,569|
|---|---|---|
|||186,616|
|||**2020**
**£**
2,560
90,009|
|||92,569|
- 8 -
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **DETAILED TRADING AND PROFIT AND LOSS ACCOUNT**
## _**FOR THE YEAR ENDED 30 APRIL 2021**_
|**Turnover**
General Income
Donations
Sales class 1 - Market 2
**Cost of sales**
Direct costs
Donations
E Education Expenses
**Gross profit**
**Administrative expenses**
**Operating profit**|**£**
18,713
8,197
560
77.84%|**2021**
**£**
87,021
30,416
6,498
123,935
(27,470)
96,465
(2,418)
94,047|**£**
11,866
30,936
4,822
9.98%|**2020**
**£**
-
52,901
-|
|---|---|---|---|---|
|||||52,901
(47,624)|
|||||5,277
(2,717)|
|||||2,560|
## **VALLABH YOUTH ORGANISATION (UK) LTD**
## **SCHEDULE OF ADMINISTRATIVE EXPENSES**
## _**FOR THE YEAR ENDED 30 APRIL 2021**_
|**Administrative expenses**
Printing, postage and stationery
Advertising
Bank charges
Sundry expenses - allowable|**2021**
**£**
1,485
350
-
583
2,418|**2020**
**£**
2,032
524
40
121|
|---|---|---|
|||2,717|