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REGISTERED NUMBER: 03372155 (England and Wales)















VFM Products Limited

Unaudited Financial Statements

For The Year Ended 30 November 2023






VFM Products Limited (Registered number: 03372155)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

VFM Products Limited

Company Information
For The Year Ended 30 November 2023







DIRECTORS: Mrs E M Slater
Mrs H M Slater-Wells





SECRETARY: Mrs H M Slater-Wells





REGISTERED OFFICE: 44 Ossett Lane
Earlsheaton
Dewsbury
West Yorkshire
WF12 8LS





REGISTERED NUMBER: 03372155 (England and Wales)





ACCOUNTANTS: Roddis Taylor Robinson
Chartered Accountants
Unit 6, Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

VFM Products Limited (Registered number: 03372155)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 430,433 438,103

CURRENT ASSETS
Stocks 129,314 118,705
Debtors 5 223,355 108,340
Cash at bank 276,489 289,517
629,158 516,562
CREDITORS
Amounts falling due within one year 6 430,378 400,861
NET CURRENT ASSETS 198,780 115,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,213

553,804

CREDITORS
Amounts falling due after more than one
year

7

(163,420

)

(193,764

)

PROVISIONS FOR LIABILITIES (7,101 ) (6,317 )
NET ASSETS 458,692 353,723

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 458,690 353,721
SHAREHOLDERS' FUNDS 458,692 353,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VFM Products Limited (Registered number: 03372155)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mrs E M Slater - Director


VFM Products Limited (Registered number: 03372155)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

VFM Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% straight line
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

VFM Products Limited (Registered number: 03372155)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 December 2022 424,180 51,337 57,577 533,094
Additions - - 2,910 2,910
Disposals - - (2,012 ) (2,012 )
At 30 November 2023 424,180 51,337 58,475 533,992
DEPRECIATION
At 1 December 2022 19,325 30,364 45,302 94,991
Charge for year 2,828 4,194 3,460 10,482
Eliminated on disposal - - (1,914 ) (1,914 )
At 30 November 2023 22,153 34,558 46,848 103,559
NET BOOK VALUE
At 30 November 2023 402,027 16,779 11,627 430,433
At 30 November 2022 404,855 20,973 12,275 438,103

Included in cost of land and buildings is freehold land of £ 141,393 (2022 - £ 141,393 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 185,200 68,927
Other debtors 38,155 39,413
223,355 108,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,793 25,003
Trade creditors 132,054 152,082
Taxation and social security 71,450 30,435
Other creditors 200,081 193,341
430,378 400,861

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 163,420 193,764

VFM Products Limited (Registered number: 03372155)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 60,882 91,105

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 190,213 218,767

The loans are secured by way of a fixed charge over the company's freehold property.

VFM Products Limited

Report of the Accountants to the Directors of
VFM Products Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report may not be relied upon by any person for any other purpose whatsoever.

Roddis Taylor Robinson neither owes nor accepts any duty to any other party and shall not be liable for any loss, damage or expenses of whatsoever nature which is caused by their reliance on these accounts.






Roddis Taylor Robinson
Chartered Accountants
Unit 6, Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB


29 August 2024