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Company Registration No. 03195057 (England and Wales)
VSM PROPERTIES LIMITED Unaudited accounts for the year ended 31 May 2024
VSM PROPERTIES LIMITED Unaudited accounts Contents
Page
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VSM PROPERTIES LIMITED Company Information for the year ended 31 May 2024
Directors
S Pole M Thyer Mrs V Pole
Secretary
Vivienne Joyce Pole
Company Number
03195057 (England and Wales)
Registered Office
432 Gloucester Road Bristol BS7 8TX
Accountants
Evans Entwistle 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of VSM PROPERTIES LIMITED for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VSM PROPERTIES LIMITED for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA 26 April 2024
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VSM PROPERTIES LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
4,285 
3,201 
Cash at bank and in hand
24,300 
255,090 
28,585 
258,291 
Creditors: amounts falling due within one year
(4,500)
(7,287)
Net current assets
24,085 
251,004 
Net assets
24,085 
251,004 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
23,785 
250,704 
Shareholders' funds
24,085 
251,004 
For the year ending 31 May 2024 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 26 April 2024 and were signed on its behalf by
S Pole Director Company Registration No. 03195057
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VSM PROPERTIES LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
VSM PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03195057. The registered office is 432, Gloucester Road, Bristol, BS7 8TX.
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.
Turnover
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
4,285 
3,201 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
4,287 
Loans from directors
3,000 
- 
Accruals
1,500 
3,000 
4,500 
7,287 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300 
300 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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