IRIS Accounts Production v24.3.2.46 09517217 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095172172023-03-31095172172024-03-31095172172023-04-012024-03-31095172172022-03-31095172172022-04-012023-03-31095172172023-03-3109517217ns15:EnglandWales2023-04-012024-03-3109517217ns14:PoundSterling2023-04-012024-03-3109517217ns10:Director12023-04-012024-03-3109517217ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109517217ns10:SmallEntities2023-04-012024-03-3109517217ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109517217ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109517217ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109517217ns10:FullAccounts2023-04-012024-03-3109517217ns10:Director22023-04-012024-03-3109517217ns10:RegisteredOffice2023-04-012024-03-3109517217ns5:CurrentFinancialInstruments2024-03-3109517217ns5:CurrentFinancialInstruments2023-03-3109517217ns5:ShareCapital2024-03-3109517217ns5:ShareCapital2023-03-3109517217ns5:RetainedEarningsAccumulatedLosses2024-03-3109517217ns5:RetainedEarningsAccumulatedLosses2023-03-3109517217ns5:PlantMachinery2023-04-012024-03-3109517217ns5:PlantMachinery2023-03-3109517217ns5:PlantMachinery2024-03-3109517217ns5:PlantMachinery2023-03-3109517217ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109517217ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 09517217 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

VGM ELECTRICAL LTD

VGM ELECTRICAL LTD (REGISTERED NUMBER: 09517217)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VGM ELECTRICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs V Monks
G Monks





REGISTERED OFFICE: 149 Mead Way
Old Coulsdon
Surrey
CR5 1PR





REGISTERED NUMBER: 09517217 (England and Wales)





ACCOUNTANTS: Upton Neenan Lees
Chartered Accountants
21-23 Croydon Road
Caterham
Surrey
CR3 6PA

VGM ELECTRICAL LTD (REGISTERED NUMBER: 09517217)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 84 128

CURRENT ASSETS
Debtors 5 40,711 22,119
Cash at bank 57,159 42,020
97,870 64,139
CREDITORS
Amounts falling due within one year 6 (28,026 ) (18,123 )
NET CURRENT ASSETS 69,844 46,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,928

46,144

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,828 46,044
69,928 46,144

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.

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 27 January 2025 and were signed on its behalf by:





G Monks - Director


VGM ELECTRICAL LTD (REGISTERED NUMBER: 09517217)

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


1. STATUTORY INFORMATION

VGM Electrical Ltd 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

VGM ELECTRICAL LTD (REGISTERED NUMBER: 09517217)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 970
DEPRECIATION
At 1 April 2023 842
Charge for year 44
At 31 March 2024 886
NET BOOK VALUE
At 31 March 2024 84
At 31 March 2023 128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,378 -
Other debtors 38,333 22,119
40,711 22,119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 26,091 17,101
Other creditors 1,935 1,022
28,026 18,123