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REGISTERED NUMBER: 03770298 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

VME LIMITED

VME LIMITED (REGISTERED NUMBER: 03770298)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr D Davie
Mr A Davie





REGISTERED OFFICE: Unit 11
Longridge Trading Estate
Knutsford
Cheshire
WA16 8PR





REGISTERED NUMBER: 03770298 (England and Wales)





ACCOUNTANTS: Anthony Wych & Co
26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU

VME LIMITED (REGISTERED NUMBER: 03770298)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,809,474 994,642

CURRENT ASSETS
Debtors 5 570,053 520,183
Cash at bank 257,597 541,125
827,650 1,061,308
CREDITORS
Amounts falling due within one year 6 707,088 685,974
NET CURRENT ASSETS 120,562 375,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,930,036

1,369,976

CREDITORS
Amounts falling due after more than one
year

7

(650,872

)

(107,500

)

PROVISIONS FOR LIABILITIES (215,280 ) (143,553 )
NET ASSETS 1,063,884 1,118,923

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 1,063,780 1,118,819
SHAREHOLDERS' FUNDS 1,063,884 1,118,923

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.

VME LIMITED (REGISTERED NUMBER: 03770298)

BALANCE SHEET - 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 24 October 2024 and were signed on its behalf by:




Mr D Davie - Director



Mr A Davie - Director


VME LIMITED (REGISTERED NUMBER: 03770298)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

VME 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - over 20 years
Plant and machinery - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

VME LIMITED (REGISTERED NUMBER: 03770298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 533,595 3,068,527 186,587 6,044 3,794,753
Additions - 1,142,208 85,270 5,242 1,232,720
Disposals - (146,311 ) (59,208 ) - (205,519 )
At 31 March 2024 533,595 4,064,424 212,649 11,286 4,821,954
DEPRECIATION
At 1 April 2023 294,495 2,392,425 112,557 634 2,800,111
Charge for year 26,570 201,156 31,138 1,353 260,217
Eliminated on disposal - - (47,848 ) - (47,848 )
At 31 March 2024 321,065 2,593,581 95,847 1,987 3,012,480
NET BOOK VALUE
At 31 March 2024 212,530 1,470,843 116,802 9,299 1,809,474
At 31 March 2023 239,100 676,102 74,030 5,410 994,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 420,642 450,453
Other debtors 1,250 -
Called up share capital not paid 4 4
Prepayments 148,157 69,726
570,053 520,183

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 304,773 75,000
Trade creditors 229,806 209,492
Corporation tax (62,269 ) 62,269
Social security and other taxes 5,982 6,531
VAT 34,083 65,446
Other creditors 115,950 115,950
Directors' current accounts 53,188 125,764
Accruals and deferred income 5,575 5,522
707,088 685,974

VME LIMITED (REGISTERED NUMBER: 03770298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 5,000 25,000
Hire purchase contracts 625,872 62,500
650,872 107,500