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REGISTERED NUMBER: 04586554 (England and Wales)


Financial Statements for the Year Ended 30 November 2023

for

V & M Retail Limited

Previously known as
All In One No.2 Limited

V & M Retail Limited (Registered number: 04586554)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


V & M Retail Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr Mitesh Parekh
Mr Vinay Parekh





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 04586554 (England and Wales)





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

V & M Retail Limited (Registered number: 04586554)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 443,500 443,500
Tangible assets 5 359,283 274,754
802,783 718,254

CURRENT ASSETS
Stocks 311,325 269,165
Debtors 6 15,475 15,782
Cash at bank and in hand 47,438 80,246
374,238 365,193
CREDITORS
Amounts falling due within one year 7 387,596 276,633
NET CURRENT (LIABILITIES)/ASSETS (13,358 ) 88,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,425

806,814

CREDITORS
Amounts falling due after more than one
year

8

325,667

365,713
NET ASSETS 463,758 441,101

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 463,658 441,001
SHAREHOLDERS' FUNDS 463,758 441,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

V & M Retail Limited (Registered number: 04586554)

Statement of Financial Position - continued
30 November 2023


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 14 November 2024 and were signed on its behalf by:





Mr Mitesh Parekh - Director


V & M Retail Limited (Registered number: 04586554)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

V & M Retail 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.

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.

Franchise Fee are being amortised evenly over their estimated useful life of nil years.

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 - 20% on reducing balance and 10% on cost

Stocks
Stocks 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 64 (2022 - 42 ) .

V & M Retail Limited (Registered number: 04586554)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 460,000 3,050 463,050
AMORTISATION
At 1 December 2022
and 30 November 2023 16,500 3,050 19,550
NET BOOK VALUE
At 30 November 2023 443,500 - 443,500
At 30 November 2022 443,500 - 443,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 153,433 423,237 576,670
Additions 94,634 22,133 116,767
At 30 November 2023 248,067 445,370 693,437
DEPRECIATION
At 1 December 2022 - 301,916 301,916
Charge for year - 32,238 32,238
At 30 November 2023 - 334,154 334,154
NET BOOK VALUE
At 30 November 2023 248,067 111,216 359,283
At 30 November 2022 153,433 121,321 274,754

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 12,540 12,540
Other debtors 2,935 3,242
15,475 15,782

V & M Retail Limited (Registered number: 04586554)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 238,435 209,312
Taxation and social security 97,117 65,561
Other creditors 52,044 1,760
387,596 276,633

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 325,667 365,713

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, Company has paid Rent of £20,000 (2022: £20,000) in respect of freehold premises "All in One No 2 Ltd - Costcutter" at "24-26 Concord way, Dukinfield, SK16 4DB".


During the year, Company has paid Rent of £20,000 (2022: £20,000) in respect of freehold premises "All in One No 2 Ltd - Best One" at "190 Talbot Road, Hyde, SK14 4HJ".