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REGISTERED NUMBER: 06524942 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2023

for

VT & MH Limited

VT & MH Limited (Registered number: 06524942)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

VT & MH Limited

Company Information
for the year ended 31st March 2023







DIRECTOR: M J Hoe-Richardson



SECRETARY: Miss V Tether



REGISTERED OFFICE: 212 Willerby Road
Hull
East Yorkshire
HU5 5JW



REGISTERED NUMBER: 06524942 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Lloyds Bank Plc
Hull Silver Street
Ariel House
2138 Coventry Road
Sheldon
B26 3JW

VT & MH Limited (Registered number: 06524942)

Abridged Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 278,785 281,134
278,785 281,134

CURRENT ASSETS
Stocks 2,743 2,084
Debtors 4,782 1,288
Cash at bank 29,608 38,104
37,133 41,476
CREDITORS
Amounts falling due within one year 34,024 57,101
NET CURRENT ASSETS/(LIABILITIES) 3,109 (15,625 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,894

265,509

CREDITORS
Amounts falling due after more than one
year

-

(1,145

)

PROVISIONS FOR LIABILITIES (18,005 ) (14,130 )
NET ASSETS 263,889 250,234

CAPITAL AND RESERVES
Called up share capital 6 2 2
Revaluation reserve 7 47,426 51,220
Retained earnings 216,461 199,012
SHAREHOLDERS' FUNDS 263,889 250,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

VT & MH Limited (Registered number: 06524942)

Abridged Balance Sheet - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th February 2024 and were signed by:





M J Hoe-Richardson - Director


VT & MH Limited (Registered number: 06524942)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

VT & MH Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

VT & MH Limited (Registered number: 06524942)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022
and 31st March 2023 30,000
AMORTISATION
At 1st April 2022
and 31st March 2023 30,000
NET BOOK VALUE

At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st April 2022
and 31st March 2023 316,976
DEPRECIATION
At 1st April 2022 35,842
Charge for year 2,349
At 31st March 2023 38,191
NET BOOK VALUE
At 31st March 2023 278,785
At 31st March 2022 281,134

VT & MH Limited (Registered number: 06524942)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st March 2023 is represented by:

Totals
£   
Valuation in 2018 63,235
Cost 253,741
316,976

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

7. RESERVES
Revaluation
reserve
£   
At 1st April 2022 51,220
Deferred tax (3,794 )

At 31st March 2023 47,426

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
VT & MH Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VT & MH Limited for the year ended 31st March 2023 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of VT & MH Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of VT & MH Limited and state those matters that we have agreed to state to the director of VT & MH Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VT & MH Limited and its director for our work or for this report.

It is your duty to ensure that VT & MH Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of VT & MH Limited. You consider that VT & MH Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of VT & MH Limited. 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 statutory financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


7th February 2024