Company Registration No. 10870450 (England and Wales)
Vedmart Ltd
Unaudited accounts
for the year ended 31 May 2023
Vedmart Ltd
Unaudited accounts
Contents
Vedmart Ltd
Company Information
for the year ended 31 May 2023
Directors
Huseyin Vedat
Ana Martinez Salinas
Company Number
10870450 (England and Wales)
Registered Office
66 ULSTER GARDENS
PALMERS GREEN
LONDON
N13 5DW
ENGLAND
Accountants
Williams Stanley and Co
Vedmart Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
5,023
7,421
Cash at bank and in hand
26,014
16,717
Creditors: amounts falling due within one year
(17,311)
5,957
Net current assets
34,565
22,674
Called up share capital
10
10
Profit and loss account
39,578
30,085
Shareholders' funds
39,588
30,095
For the year ending 31 May 2023 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 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 20 October 2023 and were signed on its behalf by
Huseyin Vedat
Director
Company Registration No. 10870450
Vedmart Ltd
Notes to the Accounts
for the year ended 31 May 2023
Vedmart Ltd is a private company, limited by shares, registered in England and Wales, registration number 10870450. The registered office is 66 ULSTER GARDENS, PALMERS GREEN, LONDON, N13 5DW, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
25% reducing balance.
Motor vehicles
25% reducing balance.
Fixtures & fittings
25% reducing balance.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
10,667
8,350
19,017
At 31 May 2023
10,667
8,350
19,017
At 1 June 2022
4,470
7,126
11,596
Charge for the year
1,737
661
2,398
At 31 May 2023
6,207
7,787
13,994
At 31 May 2023
4,460
563
5,023
At 31 May 2022
6,197
1,224
7,421
Vedmart Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Accrued income and prepayments
1,909
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,932
1,417
Loans from directors
-
(16,577)
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).