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REGISTERED NUMBER: 03391667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

V.H.D. Limited

V.H.D. Limited (Registered number: 03391667)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V.H.D. Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S Williams





REGISTERED OFFICE: Unit 1C
Colston Yard
Bristol
BS1 5BD





REGISTERED NUMBER: 03391667 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

V.H.D. Limited (Registered number: 03391667)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,053 16,696

CURRENT ASSETS
Debtors 5 68,128 68,675
Cash at bank 153,533 198,121
221,661 266,796
CREDITORS
Amounts falling due within one year 6 50,009 75,753
NET CURRENT ASSETS 171,652 191,043
TOTAL ASSETS LESS CURRENT LIABILITIES 185,705 207,739

PROVISIONS FOR LIABILITIES 4,158 4,587
NET ASSETS 181,547 203,152

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 500 500
Retained earnings 180,547 202,152
181,547 203,152

V.H.D. Limited (Registered number: 03391667)

Balance Sheet - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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 director acknowledges his 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 director and authorised for issue on 28 May 2025 and were signed by:





S Williams - Director


V.H.D. Limited (Registered number: 03391667)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

V.H.D. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on cost
Computer equipment- 25% on reducing balance


V.H.D. Limited (Registered number: 03391667)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 4 ) .

V.H.D. Limited (Registered number: 03391667)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 5,820 1,600 25,195 32,615
Additions - - 1,254 1,254
At 31 August 2024 5,820 1,600 26,449 33,869
DEPRECIATION
At 1 September 2023 1,579 1,600 12,740 15,919
Charge for year 636 - 3,261 3,897
At 31 August 2024 2,215 1,600 16,001 19,816
NET BOOK VALUE
At 31 August 2024 3,605 - 10,448 14,053
At 31 August 2023 4,241 - 12,455 16,696

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 67,628 50,922
Other debtors 500 17,753
68,128 68,675

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 8,688 18,804
Taxation and social security 37,278 43,934
Other creditors 4,043 13,015
50,009 75,753

V.H.D. Limited (Registered number: 03391667)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. PENSION COMMITMENTS

Included in the balance sheet are pensions payable of £37 (2023 - £164). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

8. OTHER FINANCIAL COMMITMENTS

At 31 August 2024, the company had total commitments under non-cancellable operating lease over the remaining life of this lease of £1,120 (2023 - £7,838).

9. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management

Other related
parties


Total
2024 £ £ £
At start of period 2,426 3,025 5,451
Advanced 55,392 - 55,392
Repaid (57,495 ) (3,025 ) (60,520 )
At end of period 323 - 323


Key
management

Other related
parties


Total
2023 £ £ £
At start of the period 5,118 3,025 8,143
Advanced 56,199 - 56,199
Repaid (58,891 ) - (58,891 )
At end of period 2,426 3,025 5,451

Loans from key management are interest free and repayable on demand.

Loans from other related parties are interest free and repayable on demand.