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Company Registration No. 11507772 (England and Wales)
V&M BROTHERS LTD Unaudited accounts for the year ended 31 August 2023
V&M BROTHERS LTD Unaudited accounts Contents
Page
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V&M BROTHERS LTD Company Information for the year ended 31 August 2023
Director
Vijeisangar Balasingham
Company Number
11507772 (England and Wales)
Registered Office
80 Billet Road Romford England RM6 5P United Kingdom
Accountants
IRTS Business Solutions Limited 209 The Heights Northolt Middlesex UB5 4BX
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V&M BROTHERS LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,875 
- 
Current assets
Inventories
263,256 
190,809 
Debtors
71,748 
72,665 
Cash at bank and in hand
489,240 
445,280 
824,244 
708,754 
Creditors: amounts falling due within one year
(475,817)
(401,185)
Net current assets
348,427 
307,569 
Total assets less current liabilities
350,302 
307,569 
Creditors: amounts falling due after more than one year
(203,621)
(246,708)
Net assets
146,681 
60,861 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
145,681 
59,861 
Shareholders' funds
146,681 
60,861 
For the year ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 31 May 2024 and were signed on its behalf by
Vijeisangar Balasingham Director Company Registration No. 11507772
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V&M BROTHERS LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
V&M BROTHERS LTD is a private company, limited by shares, registered in England and Wales, registration number 11507772. The registered office is 80 Billet Road, Romford, England, RM6 5P, United Kingdom.
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
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2022
- 
Additions
2,083 
At 31 August 2023
2,083 
Depreciation
Charge for the year
208 
At 31 August 2023
208 
Net book value
At 31 August 2023
1,875 
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V&M BROTHERS LTD Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,655 
52,955 
Accrued income and prepayments
16,093 
19,710 
71,748 
72,665 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
204,409 
219,431 
Taxes and social security
113,753 
50,253 
Other creditors
43,192 
55,733 
Loans from directors
90,366 
73,657 
Accruals
24,097 
2,111 
475,817 
401,185 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
203,621 
246,708 
8
Average number of employees
During the year the average number of employees was 47 (2022: 53).
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