V M ELEVATORS LTD

Company Registration Number:
06462848 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

V M ELEVATORS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

V M ELEVATORS LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 50,070 59,915
Total fixed assets: 50,070 59,915
Current assets
Debtors:   485,746 350,834
Cash at bank and in hand: 731,092 705,950
Total current assets: 1,216,838 1,056,784
Creditors: amounts falling due within one year:   (157,501) (150,290)
Net current assets (liabilities): 1,059,337 906,494
Total assets less current liabilities: 1,109,407 966,409
Provision for liabilities: (5,349) (5,562)
Total net assets (liabilities): 1,104,058 960,847
Capital and reserves
Called up share capital: 30 30
Profit and loss account: 1,104,028 960,817
Shareholders funds: 1,104,058 960,847

The notes form part of these financial statements

V M ELEVATORS LTD

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 July 2024
and signed on behalf of the board by:

Name: S Whitbread
Status: Director

The notes form part of these financial statements

V M ELEVATORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made in the year and derives from the provision of goods and services falling within the ordinary activities of the company.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:-Plant and machinery - 15% reducing balance methodMotor vehicles - 25% reducing balance method

V M ELEVATORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 10 10

V M ELEVATORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 127,146
Additions 3,029
At 31 December 2023 130,175
Depreciation
At 01 January 2023 67,231
Charge for year 12,874
At 31 December 2023 80,105
Net book value
At 31 December 2023 50,070
At 31 December 2022 59,915

V M ELEVATORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Loans to directors

Name of director receiving advance or credit: Simon Whitbread
Description of the loan: Directo's loan account
£
Balance at 01 January 2023 15,564
Advances or credits made: 29,324
Balance at 31 December 2023 44,888