1 September 2022 false No description of principal activity Taxfiler 2024.1 05886557business:PrivateLimitedCompanyLtd2022-09-012023-08-31 058865572022-08-31 058865572022-09-012023-08-31 05886557business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 05886557business:FilletedAccounts2022-09-012023-08-31 058865572023-08-31 058865572022-08-31 05886557core:WithinOneYear2023-08-31 05886557core:WithinOneYear2022-08-31 05886557core:AfterOneYear2023-08-31 05886557core:AfterOneYear2022-08-31 05886557core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 05886557core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 05886557core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 05886557core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 05886557core:PreviouslyStatedAmount2023-08-31 05886557core:PreviouslyStatedAmount2022-08-31 05886557business:SmallEntities2022-09-012023-08-31 05886557business:Director12022-09-012023-08-31 05886557countries:EnglandWales2022-09-012023-08-31 05886557business:RegisteredOffice2022-09-012023-08-31 05886557core:PlantMachinery2022-08-31 05886557core:MotorVehicles2022-08-31 05886557core:PlantMachinery2023-08-31 05886557core:MotorVehicles2023-08-31 05886557core:PlantMachinery2022-09-012023-08-31 05886557core:MotorVehicles2022-09-012023-08-31 058865572021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 05886557 (England and Wales)
VILNIUS & LM LTD Unaudited accounts for the year ended 31 August 2023
VILNIUS & LM LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,132 
57,478 
Current assets
Inventories
174,992 
152,058 
Debtors
1,542 
4,246 
Cash at bank and in hand
1,984 
(4,297)
178,518 
152,007 
Creditors: amounts falling due within one year
(151,702)
(129,706)
Net current assets
26,816 
22,301 
Total assets less current liabilities
73,948 
79,779 
Creditors: amounts falling due after more than one year
(30,619)
(40,841)
Net assets
43,329 
38,938 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
43,328 
38,937 
Shareholders' funds
43,329 
38,938 
For the year ending 31 August 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 17 April 2024 and were signed on its behalf by
Linas Marciukonis Director Company Registration No. 05886557
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VILNIUS & LM LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
VILNIUS & LM LTD is a private company, limited by shares, registered in England and Wales, registration number 05886557. The registered office is 273 ROUNDHAY ROAD, LEEDS, LS8 4HS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
64,066 
25,676 
89,742 
At 31 August 2023
64,066 
25,676 
89,742 
Depreciation
At 1 September 2022
22,981 
9,283 
32,264 
Charge for the year
7,395 
2,951 
10,346 
At 31 August 2023
30,376 
12,234 
42,610 
Net book value
At 31 August 2023
33,690 
13,442 
47,132 
At 31 August 2022
41,085 
16,393 
57,478 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,542 
4,246 
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VILNIUS & LM LTD Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
6,742 
- 
Taxes and social security
1,584 
(1,142)
Other creditors
1,437 
- 
Loans from directors
141,939 
128,180 
Accruals
- 
2,668 
151,702 
129,706 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,619 
40,841 
8
Average number of employees
During the year the average number of employees was 8 (2022: 10).
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