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Registered number: 10847495

VM Systems Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2023

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

VM Systems Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2023
DIRECTORS
Alistair Law
REGISTERED OFFICE
Flat 18 Princes Park North
52 Prince of Wales Road
London
NW5 3LN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10847495
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

VM Systems Ltd

ACCOUNTS
FOR THEYEARENDED30/04/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

VM Systems Ltd

BALANCE SHEET AT 30/04/2023
20232022
Notes££
FIXED ASSETS
Tangible assets36,9812,115
CURRENT ASSETS
Debtors466,2304,769
Cash at bank and in hand44,74813,318
110,97818,087
CREDITORS: Amounts falling due within one year5141,26220,171
NET CURRENT LIABILITIES(30,284)(2,084)
TOTAL ASSETS LESS CURRENT LIABILITIES(23,303)31
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account(23,403)(69)
SHAREHOLDERS' FUNDS(23,303)31
For the year ending 30/04/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/01/2024 and signed on their behalf by
.............................
Alistair Law
Director

VM Systems Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
2. EMPLOYEES
20232022
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/05/20229482,6413,589
Additions5,7841,4097,193
At 30/04/20236,7324,05010,782
Depreciation
At 01/05/20223391,1351,474
For the year1,5987292,327
At 30/04/20231,9371,8643,801
Net Book Amounts
At 30/04/20234,7952,1866,981
At 30/04/20226091,5062,115

VM Systems Ltd

4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors63,694511
UK corporation tax-1,480
Other debtors-418
Directors current account2,5362,360
66,2304,769
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT11,4821,362
PAYE control1,6422,301
Salaries and wages control5,7453,051
Trade creditors17,18811,440
Pension schemes111-
Accruals1,3502,017
Amounts due to group companies103,744-
141,26220,171
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
7. CONTROLLING PARTY
VM Systems Limited is a wholly owned subsidiary of Vertical Meadow Limited a company incorporated in the UK.