Registered number: 10110668
VALLABH YOUTH ORGANISATION (UK) LTD DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
PRS ACCOUNTANTS AND TAXATION SERVICES LTD
VALLABH YOUTH ORGANISATION (UK) LTD Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do not form part of the statutory accounts: | |
| Trading Profit and Loss Account | 8 |
VALLABH YOUTH ORGANISATION (UK) LTD Company Information For The Year Ended 30 April 2024
| Directors | Mr Jawahar Jamnadas CHATWANI |
|---|---|
| Mrs Devyanidevi PATEL | |
| Mr Madhu SOMANI | |
| Mr Kantesh Amarshi POPAT | |
| Mrs Jayshree RADIA | |
| Mr Rohit KOTECHA | |
| Mrs Rekha GADHIA | |
| Company Number | 10110668 |
| Registered Office | Dunwoody House |
| 396 Kenton Road | |
| Harrow | |
| Middlesex | |
| HA3 9DH | |
| Accountants | PRS ACCOUNTANTS AND TAXATION SERVICES LTD |
| 36 GLEBE ROAD | |
| FINCHLEY | |
| LONDON | |
| N3 2AX |
Page 1
VALLABH YOUTH ORGANISATION (UK) LTD Company No. 10110668 Directors' Report For The Year Ended 30 April 2024
The directors present their report and the financial statements for the year ended 30 April 2024.
Directors
The directors who held office during the year were as follows:
Mr Jawahar Jamnadas CHATWANI Mrs Devyanidevi PATEL Mr Madhu SOMANI Mr Kantesh Amarshi POPAT Mrs Jayshree RADIA Mr Rohit KOTECHA Mrs Rekha GADHIA Appointed 01/04/2024
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 the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has 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.
On behalf of the board
Mrs Jayshree RADIA
Director
28/01/2025
Page 2
VALLABH YOUTH ORGANISATION (UK) LTD Accountant's Report For The Year Ended 30 April 2024
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 April 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
Signed
PRS ACCOUNTANTS AND TAXATION SERVICES LTD
28/01/2025
PRS ACCOUNTANTS AND TAXATION SERVICES LTD 36 GLEBE ROAD FINCHLEY LONDON N3 2AX
Page 3
VALLABH YOUTH ORGANISATION (UK) LTD Profit and Loss Account For The Year Ended 30 April 2024
| Notes TURNOVER Cost of sales GROSS PROFIT Administrative expenses OPERATING PROFIT AND PROFIT FOR THE FINANCIAL YEAR |
2024 £ 173,505 (36,477) 137,028 (15,692) 121,336 |
2023 £ 35,052 (4,486) |
|---|---|---|
| 30,566 (17,428) |
||
| 13,138 |
The notes on pages 6 to 7 form part of these financial statements.
Page 4
VALLABH YOUTH ORGANISATION (UK) LTD Balance Sheet As At 30 April 2024
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 6 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Profit and Loss Account SHAREHOLDERS' FUNDS |
2024 £ £ 386 386 6,905 254,830 261,735 (240) 261,495 261,881 261,881 261,881 261,881 |
2024 £ £ 386 386 6,905 254,830 261,735 (240) 261,495 261,881 261,881 261,881 261,881 |
2023 £ £ 386 386 23,005 126,414 149,419 (9,260) 140,159 140,545 140,545 140,545 140,545 |
2023 £ £ 386 386 23,005 126,414 149,419 (9,260) 140,159 140,545 140,545 140,545 140,545 |
|---|---|---|---|---|
| 386 261,495 |
386 140,159 |
|||
| 261,735 (240) |
149,419 (9,260) |
|||
| 261,881 | 140,545 | |||
| 261,881 | 140,545 | |||
| 261,881 | 140,545 | |||
| 261,881 | 140,545 |
For the year ending 30 April 2024 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs Jayshree RADIA
Director
28/01/2025
The notes on pages 6 to 7 form part of these financial statements.
Page 5
VALLABH YOUTH ORGANISATION (UK) LTD Notes to the Financial Statements For The Year Ended 30 April 2024
1. General Information
VALLABH YOUTH ORGANISATION (UK) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10110668. The registered office is Dunwoody House, 396 Kenton Road, Harrow, Middlesex, HA3 9DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 0.00%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
4. Tangible Assets
| Cost As at 1 May 2023 As at 30 April 2024 Net Book Value As at 30 April 2024 As at 1 May 2023 . Debtors Due within one year Trade debtors Prepayments and accrued income |
2024 £ 6,905 - 6,905 |
Fixtures & Fittings £ 386 |
|---|---|---|
| 386 | ||
| 386 | ||
| 386 | ||
| 2023 £ 6,905 16,100 |
||
| 23,005 |
5. Debtors
Page 6
VALLABH YOUTH ORGANISATION (UK) LTD Notes to the Financial Statements (continued) For The Year Ended 30 April 2024
- Creditors: Amounts Falling Due Within One Year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 240 | 9,260 |
- Share Capital
Page 7
VALLABH YOUTH ORGANISATION (UK) LTD Trading Profit and Loss Account For The Year Ended 30 April 2024
| TURNOVER Donation Calendar Sale VYO Katha Puja doantion Gav Seva Donation COST OF SALES Printing, postage and stationery Other direct costs GROSS PROFIT Administrative Expenses Computer software, consumables and maintenance Professional indemnity insurance Printing, postage and stationery Advertising and marketing costs Professional fees Bank charges Charitable donations to India E Education Expenses OPERATING PROFIT AND PROFIT FOR THE FINANCIAL YEAR |
2024 £ £ 75,578 5,000 9,100 825 83,002 173,505 1,740 34,737 (36,477) 137,028 - - 1,377 1,760 - 79 7,192 5,284 (15,692) 121,336 |
2024 £ £ 75,578 5,000 9,100 825 83,002 173,505 1,740 34,737 (36,477) 137,028 - - 1,377 1,760 - 79 7,192 5,284 (15,692) 121,336 |
2023 £ £ 30,200 4,852 - - - 35,052 - 4,486 (4,486) 30,566 995 235 2,677 678 108 61 9,015 3,659 (17,428) 13,138 |
2023 £ £ 30,200 4,852 - - - 35,052 - 4,486 (4,486) 30,566 995 235 2,677 678 108 61 9,015 3,659 (17,428) 13,138 |
|---|---|---|---|---|
| 173,505 (36,477) |
35,052 (4,486) |
|||
| - - 1,377 1,760 - 79 7,192 5,284 |
995 235 2,677 678 108 61 9,015 3,659 |
|||
| 137,028 (15,692) |
30,566 (17,428) |
|||
| 121,336 | 13,138 |
Page 8