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Company Registration No. 10211354 (England and Wales)
VMCFA Ltd Unaudited accounts for the year ended 31 March 2024
VMCFA Ltd Unaudited accounts Contents
Page
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VMCFA Ltd Company Information for the year ended 31 March 2024
Director
Vincent Cook
Company Number
10211354 (England and Wales)
Registered Office
98 Murray Road Ottershaw Chertsey Surrey KT16 0HR
Accountants
RBA Accountancy Limited 2 Craikewells Flamborough East Riding of Yorkshire YO15 1QH
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of VMCFA Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VMCFA Ltd for the year ended 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of VMCFA Ltd, as a body, in accordance with the terms of our engagement letter dated 30 June 2018. Our work has been undertaken solely to prepare for your approval the accounts of VMCFA Ltd and state those matters that we have agreed to state to the Board of Directors of VMCFA Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VMCFA Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that VMCFA Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of VMCFA Ltd. You consider that VMCFA Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of VMCFA Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RBA Accountancy Limited Chartered Accountants 2 Craikewells Flamborough East Riding of Yorkshire YO15 1QH 4 November 2024
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VMCFA Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
21,422 
28,560 
Current assets
Debtors
6,000 
4,000 
Cash at bank and in hand
8,019 
14,549 
14,019 
18,549 
Creditors: amounts falling due within one year
(12,818)
(29,227)
Net current assets/(liabilities)
1,201 
(10,678)
Total assets less current liabilities
22,623 
17,882 
Creditors: amounts falling due after more than one year
(4,333)
(6,933)
Net assets
18,290 
10,949 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
18,190 
10,849 
Shareholders' funds
18,290 
10,949 
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 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 4 November 2024 and were signed on its behalf by
Vincent Cook Director Company Registration No. 10211354
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VMCFA Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
VMCFA Ltd is a private company, limited by shares, registered in England and Wales, registration number 10211354. The registered office is 98 Murray Road, Ottershaw, Chertsey, Surrey, KT16 0HR.
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.
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:
Computer equipment
33% on cost
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 rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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VMCFA Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
71,388 
At 31 March 2024
71,388 
Amortisation
At 1 April 2023
42,828 
Charge for the year
7,138 
At 31 March 2024
49,966 
Net book value
At 31 March 2024
21,422 
At 31 March 2023
28,560 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
2,637 
At 31 March 2024
2,637 
Depreciation
At 1 April 2023
2,637 
At 31 March 2024
2,637 
Net book value
At 31 March 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
6,000 
4,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,709 
2,715 
Taxes and social security
7,925 
7,801 
Loans from directors
206 
16,868 
Accruals
1,978 
1,843 
12,818 
29,227 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,333 
6,933 
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VMCFA Ltd Notes to the Accounts for the year ended 31 March 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
As at 31 March 2024 the company owed its director, Mr V Cook, £206 (2023: £16,868). This amount is interest free and repayable on demand.
11
Controlling party
The controlling party is Mr V Cook by virtue of his shareholding.
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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