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REGISTERED NUMBER: 12783718 (England and Wales)


Financial Statements for the Year Ended 31 July 2023

for

VSM Ventures Ltd.

VSM Ventures Ltd. (Registered number: 12783718)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VSM Ventures Ltd.

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr Amitkumar Sureshbhai Patel
Mrs Mansi Amitkumar Patel





REGISTERED OFFICE: Unit 7 Kingley Park
Station Road
Kings Langley
WD4 8GW





REGISTERED NUMBER: 12783718 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

VSM Ventures Ltd. (Registered number: 12783718)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 706,578 706,578

CURRENT ASSETS
Cash at bank and in hand 99,425 114,769

CREDITORS
Amounts falling due within one year 5 14,264 9,073
NET CURRENT ASSETS 85,161 105,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,739

812,274

CREDITORS
Amounts falling due after more than one
year

6

691,659

752,359
NET ASSETS 100,080 59,915

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 100,078 59,913
SHAREHOLDERS' FUNDS 100,080 59,915

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

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

The directors acknowledge their 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.

VSM Ventures Ltd. (Registered number: 12783718)

Statement of Financial Position - continued
31 July 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





Mr Amitkumar Sureshbhai Patel - Director


VSM Ventures Ltd. (Registered number: 12783718)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

VSM Ventures Ltd. 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 August 2022
and 31 July 2023 706,578
NET BOOK VALUE
At 31 July 2023 706,578
At 31 July 2022 706,578

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 13,764 9,073
Other creditors 500 -
14,264 9,073

VSM Ventures Ltd. (Registered number: 12783718)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 691,659 752,359

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

The company is controlled by Mr Amitkumar Patel. Details of Mr Amitkumar Patel interests in the company's share capital are set out in the director's report.

Mr Amitkumar Patel is also a shareholder and director of Rightpak Limited. An amount of £691,659 was payable at the year end.