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
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
V&M BROTHERS LTD
Statement of financial position
as at 31 August 2023
Inventories
263,256
190,809
Cash at bank and in hand
489,240
445,280
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)
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
V&M BROTHERS LTD
Notes to the Accounts
for the year ended 31 August 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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Tangible fixed assets
Fixtures & fittings
V&M BROTHERS LTD
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
55,655
52,955
Accrued income and prepayments
16,093
19,710
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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
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
203,621
246,708
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Average number of employees
During the year the average number of employees was 47 (2022: 53).