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REGISTERED NUMBER: 05649362 (England and Wales)















Volume Metric Concrete Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Volume Metric Concrete Limited (Registered number: 05649362)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Volume Metric Concrete Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J S Dosanjh
Mrs H K Dosanjh





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Unit E1 Northfleet Industrial Estate
Lower Road
Northfleet
Gravesend
Kent
DA11 9SR





REGISTERED NUMBER: 05649362 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Volume Metric Concrete Limited (Registered number: 05649362)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 699,611 818,402

CURRENT ASSETS
Inventories 50,000 41,000
Debtors 5 307,961 369,310
Cash at bank and in hand 1,302,445 1,272,909
1,660,406 1,683,219
CREDITORS
Amounts falling due within one year 6 434,877 514,866
NET CURRENT ASSETS 1,225,529 1,168,353
TOTAL ASSETS LESS CURRENT LIABILITIES 1,925,140 1,986,755

CREDITORS
Amounts falling due after more than one
year

7

(61,063

)

(118,904

)

PROVISIONS FOR LIABILITIES (104,261 ) (133,959 )
NET ASSETS 1,759,816 1,733,892

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 27,120 34,091
Retained earnings 1,732,694 1,699,799
SHAREHOLDERS' FUNDS 1,759,816 1,733,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Volume Metric Concrete Limited (Registered number: 05649362)

Statement of Financial Position - continued
31 March 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 8 October 2024 and were signed on its behalf by:





J S Dosanjh - Director


Volume Metric Concrete Limited (Registered number: 05649362)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Volume Metric Concrete 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 10% on cost

Plant and machinery is measured using the revaluation model, being its fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses. Any revaluation is recognised in other comprehensive income and shown in the revaluation reserve.

Deferred tax is recognised on amounts credited to the revaluation reserve.

Inventories
Inventories are measured 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 an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.


Volume Metric Concrete Limited (Registered number: 05649362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 1,590,643
DEPRECIATION
At 1 April 2023 772,241
Charge for year 118,791
At 31 March 2024 891,032
NET BOOK VALUE
At 31 March 2024 699,611
At 31 March 2023 818,402

Cost or valuation at 31 March 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2023 1,590,643

If Plant and machinery had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,590,494 1,590,494
Aggregate depreciation 890,883 772,092

Volume Metric Concrete Limited (Registered number: 05649362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,865 176,595
Other debtors 214,096 192,715
307,961 369,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 79,949 12,500
Hire purchase contracts 57,837 90,347
Trade creditors 198,427 328,466
Taxation and social security 45,052 65,066
Other creditors 53,612 18,487
434,877 514,866

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 61,063 118,904

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 118,900 209,251

The hire purchase agreements are secured against the assets concerned.