VMP Renovations Limited Filleted Accounts Cover
VMP Renovations Limited
Company No. 12045322
Information for Filing with The Registrar
31 March 2024
VMP Renovations Limited Balance Sheet Registrar
at
31 March 2024
Company No.
12045322
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
374487
Investment property
5
700,000510,000
700,374510,487
Current assets
Debtors
6
6,6832,506
Cash at bank and in hand
4,12548,727
10,80851,233
Creditors: Amount falling due within one year
7
(137,692)
(154,579)
Net current liabilities
(126,884)
(103,346)
Total assets less current liabilities
573,490407,141
Creditors: Amounts falling due after more than one year
8
(467,510)
(340,725)
Provisions for liabilities
Deferred taxation
(19,756)
(12,240)
Net assets
86,22454,176
Capital and reserves
Called up share capital
22
Profit and loss account
10
86,22254,174
Total equity
86,22454,176
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 August 2024 and signed on its behalf by:
M.G. Peck
Director
20 August 2024
VMP Renovations Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
VMP Renovations Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12045322
Its registered office is:
78 King Street
Seagrave
Loughborough
Leicestershire
LE12 7LY
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover represents rental income received or receivable for the period of accounts.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
20% Straight line
Deferred taxation
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Deferred tax is accounted for in respect of all material timing differences.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2023
750750
At 31 March 2024
750750
Depreciation
At 1 April 2023
263263
Charge for the year
113113
At 31 March 2024
376376
Net book values
At 31 March 2024
374374
At 31 March 2023
487
487
5
Investment property
Freehold Investment Property
£
Valuation
At 1 April 2023
510,000
Additions
141,436
Revaluation
48,564
At 31 March 2024
700,000
6
Debtors
2024
2023
£
£
Trade debtors
1,397-
Prepayments and accrued income
5,2862,506
6,6832,506
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
130,378147,722
Accruals and deferred income
7,3146,857
137,692154,579
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
467,510340,725
467,510340,725
9
Creditors: secured liabilities
2024
2023
£
£
The aggregate amount of secured liabilities included within creditors
467,510340,725
Mortgages are secured on investment properties
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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