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Company Registration No. 13082533 (England and Wales)
VAMS GROUP LTD Unaudited accounts for the year ended 31 March 2024
VAMS GROUP LTD Unaudited accounts Contents
Page
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VAMS GROUP LTD Company Information for the year ended 31 March 2024
Director
Monica Mateescu
Company Number
13082533 (England and Wales)
Registered Office
147 Watling Street England Radlett WD7 7NQ United Kingdom
Accountants
Genius Accountancy Ltd 27 Old Gloucester Street London WC1N 3AX
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VAMS GROUP LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,999 
7,999 
Tangible assets
8,579 
8,708 
15,578 
16,707 
Current assets
Debtors
18,289 
- 
Cash at bank and in hand
2,862 
10,048 
21,151 
10,048 
Creditors: amounts falling due within one year
(42,398)
(24,740)
Net current liabilities
(21,247)
(14,692)
Net (liabilities)/assets
(5,669)
2,015 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,769)
1,915 
Shareholders' funds
(5,669)
2,015 
For the year ending 31 March 2024 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 her 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 25 October 2024 and were signed on its behalf by
Monica Mateescu Director Company Registration No. 13082533
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VAMS GROUP LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
VAMS GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 13082533. The registered office is 147 Watling Street, England, Radlett, WD7 7NQ, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Average number of employees
Average number of employees includes director.
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:
Fixtures & fittings
10%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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VAMS GROUP LTD Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
9,999 
At 31 March 2024
9,999 
Amortisation
At 1 April 2023
2,000 
Charge for the year
1,000 
At 31 March 2024
3,000 
Net book value
At 31 March 2024
6,999 
At 31 March 2023
7,999 
Goodwill as amortized at 10% for accounting purpose and 6.5% for tax purpose per annum.
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
1 
- 
10,329 
7,731 
18,061 
Additions
- 
8,838 
- 
- 
8,838 
At 31 March 2024
1 
8,838 
10,329 
7,731 
26,899 
Depreciation
At 1 April 2023
- 
- 
6,776 
2,577 
9,353 
Charge for the year
- 
2,946 
3,444 
2,577 
8,967 
At 31 March 2024
- 
2,946 
10,220 
5,154 
18,320 
Net book value
At 31 March 2024
1 
5,892 
109 
2,577 
8,579 
At 31 March 2023
1 
- 
3,553 
5,154 
8,708 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
18,289 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,972 
3,010 
Taxes and social security
- 
1,448 
Other creditors
4,189 
1,773 
Loans from directors
31,519 
14,963 
Accruals
3,718 
3,546 
42,398 
24,740 
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VAMS GROUP LTD Notes to the Accounts for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 5 (2023: 4).
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