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REGISTERED NUMBER: 10030741 (England and Wales)


Financial Statements for the Year Ended 29 February 2024

for

Vimi Limited

Vimi Limited (Registered number: 10030741)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Vimi Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr Manoj Patel
Mrs. Smita Manoj Patel





SECRETARY: Mr Manoj Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 10030741 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Vimi Limited (Registered number: 10030741)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 144,999 144,999
Property, plant and equipment 5 4,414 2,856
149,413 147,855

CURRENT ASSETS
Inventories 23,892 23,347
Debtors 6 3,046 2,637
Cash at bank and in hand 6,555 17,102
33,493 43,086
CREDITORS
Amounts falling due within one year 7 145,346 144,048
NET CURRENT LIABILITIES (111,853 ) (100,962 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,560

46,893

CREDITORS
Amounts falling due after more than one
year

8

23,135

33,019
NET ASSETS 14,425 13,874

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 14,423 13,872
SHAREHOLDERS' FUNDS 14,425 13,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Vimi Limited (Registered number: 10030741)

Statement of Financial Position - continued
29 February 2024


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 17 September 2024 and were signed on its behalf by:





Mr Manoj Patel - Director


Vimi Limited (Registered number: 10030741)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Vimi 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 144,999
NET BOOK VALUE
At 29 February 2024 144,999
At 28 February 2023 144,999

Vimi Limited (Registered number: 10030741)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 1 10,845 10,846
Additions - 3,029 3,029
At 29 February 2024 1 13,874 13,875
DEPRECIATION
At 1 March 2023 - 7,990 7,990
Charge for year - 1,471 1,471
At 29 February 2024 - 9,461 9,461
NET BOOK VALUE
At 29 February 2024 1 4,413 4,414
At 28 February 2023 1 2,855 2,856

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 3,046 2,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 16,553 7,169
Taxation and social security 2,008 3,800
Other creditors 126,785 133,079
145,346 144,048

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 23,135 33,019

Vimi Limited (Registered number: 10030741)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2