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Company Registration No. 8530176 (England and Wales)
VDM PROJECTS LTD. Unaudited accounts for the year ended 31 May 2024
VDM PROJECTS LTD. Unaudited accounts Contents
Page
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VDM PROJECTS LTD. Company Information for the year ended 31 May 2024
Directors
Mr A Van Der Merwe Mr R C Green
Secretary
R L Green
Company Number
8530176 (England and Wales)
Registered Office
1 ROUTECO BUSINESS PARK, BAKEWELL ROAD PETERBOROUGH PE2 6BW
Accountants
Eden Accounting Ltd Suite L3 South Fens Business Centre CHATTERIS Cambs PE16 6TT
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VDM PROJECTS LTD. Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
84,738 
112,983 
Current assets
Inventories
25,673 
15,398 
Debtors
608,926 
558,078 
Cash at bank and in hand
1,220,908 
1,091,597 
1,855,507 
1,665,073 
Creditors: amounts falling due within one year
(1,263,348)
(991,619)
Net current assets
592,159 
673,454 
Net assets
676,897 
786,437 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
676,795 
786,335 
Shareholders' funds
676,897 
786,437 
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 28 August 2024 and were signed on its behalf by
Mr A Van Der Merwe Director Company Registration No. 8530176
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VDM PROJECTS LTD. Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
VDM PROJECTS LTD. is a private company, limited by shares, registered in England and Wales, registration number 8530176. The registered office is 1 ROUTECO BUSINESS PARK,, BAKEWELL ROAD, PETERBOROUGH, PE2 6BW.
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:
Plant & machinery
25%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
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VDM PROJECTS LTD. Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
277,376 
At 31 May 2024
277,376 
Depreciation
At 1 June 2023
164,393 
Charge for the year
28,245 
At 31 May 2024
192,638 
Net book value
At 31 May 2024
84,738 
At 31 May 2023
112,983 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
608,926 
558,078 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
180,375 
121,478 
Taxes and social security
298,248 
168,079 
Loans from directors
747,658 
694,322 
Accruals
3,537 
7,740 
Deferred income
33,530 
- 
1,263,348 
991,619 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102 
102 
8
Average number of employees
During the year the average number of employees was 12 (2023: 10).
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