1 June 2023 false No description of principal activity Taxfiler 2024.6 10870450business:PrivateLimitedCompanyLtd2023-06-012024-05-31 108704502023-05-31 108704502023-06-012024-05-31 10870450business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 10870450business:FilletedAccounts2023-06-012024-05-31 108704502024-05-31 10870450business:Director12023-06-012024-05-31 10870450business:Director22023-06-012024-05-31 10870450business:RegisteredOffice2023-06-012024-05-31 108704502023-05-31 10870450core:WithinOneYear2024-05-31 10870450core:WithinOneYear2023-05-31 10870450core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 10870450core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10870450core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 10870450core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10870450core:PreviouslyStatedAmount2024-05-31 10870450core:PreviouslyStatedAmount2023-05-31 10870450business:SmallEntities2023-06-012024-05-31 10870450countries:EnglandWales2023-06-012024-05-31 10870450core:PlantMachinery2023-06-012024-05-31 10870450core:MotorVehicles2023-06-012024-05-31 10870450core:FurnitureFittings2023-06-012024-05-31 10870450core:ComputerEquipment2023-06-012024-05-31 10870450core:PlantMachinery2023-05-31 10870450core:MotorVehicles2023-05-31 10870450core:ComputerEquipment2023-05-31 10870450core:PlantMachinery2024-05-31 10870450core:MotorVehicles2024-05-31 10870450core:ComputerEquipment2024-05-31 108704502022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10870450 (England and Wales)
Vedmart Ltd Unaudited accounts for the year ended 31 May 2024
Vedmart Ltd Unaudited accounts Contents
Page
- 2 -
Vedmart Ltd Company Information for the year ended 31 May 2024
Directors
Huseyin Vedat Ana Martinez Salinas
Company Number
10870450 (England and Wales)
Registered Office
66 ULSTER GARDENS PALMERS GREEN LONDON N13 5DW ENGLAND
Accountants
Williams Stanley and Co
- 3 -
Vedmart Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,411 
5,023 
Current assets
Debtors
73,234 
25,862 
Cash at bank and in hand
21,219 
26,014 
94,453 
51,876 
Creditors: amounts falling due within one year
(43,800)
(17,311)
Net current assets
50,653 
34,565 
Net assets
81,064 
39,588 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
81,054 
39,578 
Shareholders' funds
81,064 
39,588 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by
Huseyin Vedat Director Company Registration No. 10870450
- 4 -
Vedmart Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Vedmart Ltd is a private company, limited by shares, registered in England and Wales, registration number 10870450. The registered office is 66 ULSTER GARDENS, PALMERS GREEN, LONDON, N13 5DW, ENGLAND.
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.
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.
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:
Plant & machinery
25% reducing balance.
Motor vehicles
25% reducing balance.
Fixtures & fittings
25% reducing balance.
Computer equipment
3 year straight line
- 5 -
Vedmart Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
10,667 
8,350 
- 
19,017 
Additions
316 
29,299 
2,633 
32,248 
At 31 May 2024
10,983 
37,649 
2,633 
51,265 
Depreciation
At 1 June 2023
6,207 
7,787 
- 
13,994 
Charge for the year
1,726 
4,988 
146 
6,860 
At 31 May 2024
7,933 
12,775 
146 
20,854 
Net book value
At 31 May 2024
3,050 
24,874 
2,487 
30,411 
At 31 May 2023
4,460 
563 
- 
5,023 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
49,175 
12,000 
Accrued income and prepayments
1,150 
1,909 
Other debtors
22,909 
11,953 
73,234 
25,862 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
26,175 
11,379 
Taxes and social security
17,125 
4,932 
Accruals
500 
1,000 
43,800 
17,311 
7
Average number of employees
During the year the average number of employees was 4 (2023: 2).
- 6 -