2023-09-01 04221360 2024-08-31 04221360 2023-09-01 2024-08-31 04221360 2023-08-31 04221360 2022-09-01 2023-08-31 04221360 uk-core:WithinOneYear 2023-08-31 04221360 uk-core:WithinOneYear 2024-08-31 04221360 uk-core:ShareCapital 2024-08-31 04221360 uk-core:ShareCapital 2023-08-31 04221360 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 04221360 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 04221360 uk-bus:Director1 2023-09-01 2024-08-31 04221360 uk-core:NetGoodwill 2023-09-01 2024-08-31 04221360 uk-core:PlantMachinery 2023-09-01 2024-08-31 04221360 uk-core:ComputerEquipment 2023-09-01 2024-08-31 04221360 uk-core:MotorCars 2023-09-01 2024-08-31 04221360 uk-core:FurnitureFittings 2023-09-01 2024-08-31 04221360 uk-core:Goodwill 2023-08-31 04221360 uk-core:Goodwill 2024-08-31 04221360 uk-core:ComputerEquipment 2023-08-31 04221360 uk-core:FurnitureFittings 2023-08-31 04221360 uk-core:MotorCars 2023-08-31 04221360 uk-core:PlantMachinery 2023-08-31 04221360 uk-core:MotorCars 2024-08-31 04221360 uk-core:FurnitureFittings 2024-08-31 04221360 uk-core:ComputerEquipment 2024-08-31 04221360 uk-core:PlantMachinery 2024-08-31 iso4217:GBP xbrli:pure 04221360 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04221360 uk-bus:FRS102 2023-09-01 2024-08-31 04221360 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 04221360 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Draft
VRM Limited
Registered Number:04221360
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 August 2024
VRM Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Draft
Registered Number :
04221360
As at 31 August 2024
VRM Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
16,675
16,675
3
16,675
16,675
Current assets
Inventories
2,850
2,850
4
Trade and other receivables
26,661
26,661
5
46,166
Cash and cash equivalents
46,166
75,677
75,677
Trade and other payables: amounts falling due within one
year
(50,512)
(50,512)
6
25,165
25,165
Net current assets
Total assets less current liabilities
41,840
41,840
3,481
3,481
Provisions for liabilities
45,321
Net assets
45,321
Capital and reserves
Called up share capital
100
100
Retained earnings
45,221
45,221
45,321
45,321
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Rory Melia Director
These financial statements were approved and authorised for issue by the Board on 07 May 2025 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 August 2024
VRM Limited
Notes to the Financial Statements
Statutory Information
VRM Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
04221360.
Registered address:
Vrm (Manufacturing & Design)
Dorset Avenue
Thornton Cleveleys
Lancashire
FY5 2DB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
15% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
Draft
For the year ended 31 August 2024
VRM Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 September 2023
18,000
At 31 August 2024
18,000
Amortisation
At 01 September 2023
18,000
At 31 August 2024
18,000
Net book value
At 31 August 2024
-
At 31 August 2023
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 September 2023
109,845
1,084
3,338
15,700
89,723
At 31 August 2024
15,700
3,338
1,084
109,845
89,723
Provision for depreciation and impairment
At 01 September 2023
93,170
722
2,233
15,064
75,151
At 31 August 2024
93,170
722
2,233
15,064
75,151
At 31 August 2024
Net book value
14,572
636
1,105
362
16,675
At 31 August 2023
14,572
636
1,105
362
16,675
4. Inventories
2023
2024
£
£
Stocks
2,850
2,850
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6
Draft
For the year ended 31 August 2024
VRM Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
22,947
22,947
Other debtors
3,714
3,714
26,661
26,661
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
15,125
15,125
Other creditors
35,387
35,387
50,512
50,512
7. Average number of persons employed
During the year the average number of employees was 0
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