Registered Number:04221360 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2024
VRM Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
VRM Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
16,675
16,675
3
16,675
16,675
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
100
100
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. |
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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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. |
Vrm (Manufacturing & Design)
Dorset Avenue
Thornton Cleveleys
Lancashire
FY5 2DB
The presentation currency is £ sterling. |
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
Computer equipment
Motor vehicles
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. |
2 of 4
For the year ended 31 August 2024
VRM Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
18,000
18,000
18,000
18,000
-
-
3. Property, plant and equipment |
Motor vehicles
109,845
1,084
3,338
15,700
89,723
15,700
3,338
1,084
109,845
89,723
Provision for depreciation and impairment |
93,170
722
2,233
15,064
75,151
93,170
722
2,233
15,064
75,151
14,572
636
1,105
362
16,675
14,572
636
1,105
362
16,675
2023
2024
2,850
2,850
3 of 4
For the year ended 31 August 2024
VRM Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
22,947
22,947
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
35,387
35,387
50,512
50,512
7. Average number of persons employed |
During the year the average number of employees was 0
4 of 4