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REGISTERED NUMBER: 05823292 (England and Wales)











Financial Statements

for the Year Ended 31 October 2024

for

VRAD LIMITED

VRAD LIMITED (REGISTERED NUMBER: 05823292)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VRAD LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: A Amin
R Amin





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 05823292 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

VRAD LIMITED (REGISTERED NUMBER: 05823292)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 7,990 21,324
Tangible assets 5 248,456 237,147
Investments 6 1 1
256,447 258,472

CURRENT ASSETS
Stocks 7 145,079 104,556
Debtors 8 569,133 450,495
Cash at bank and in hand 44,656 28,283
758,868 583,334
CREDITORS
Amounts falling due within one year 9 480,888 499,699
NET CURRENT ASSETS 277,980 83,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,427

342,107

CREDITORS
Amounts falling due after more than one
year

10

(414,397

)

(306,786

)

PROVISIONS FOR LIABILITIES (58,884 ) (31,265 )
NET ASSETS 61,146 4,056

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 60,946 3,856
SHAREHOLDERS' FUNDS 61,146 4,056

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

VRAD LIMITED (REGISTERED NUMBER: 05823292)

Balance Sheet - continued
31 October 2024


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





A Amin - Director


VRAD LIMITED (REGISTERED NUMBER: 05823292)

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

1. STATUTORY INFORMATION

Vrad 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002 and 2017, is being amortised evenly over its estimated useful life of twenty five and five years respectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

VRAD LIMITED (REGISTERED NUMBER: 05823292)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 266,667
AMORTISATION
At 1 November 2023 245,343
Charge for year 13,334
At 31 October 2024 258,677
NET BOOK VALUE
At 31 October 2024 7,990
At 31 October 2023 21,324

VRAD LIMITED (REGISTERED NUMBER: 05823292)

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

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 November 2023 760,110 87,595 847,705
Additions 11,948 50,800 62,748
At 31 October 2024 772,058 138,395 910,453
DEPRECIATION
At 1 November 2023 582,659 27,899 610,558
Charge for year 28,895 22,544 51,439
At 31 October 2024 611,554 50,443 661,997
NET BOOK VALUE
At 31 October 2024 160,504 87,952 248,456
At 31 October 2023 177,451 59,696 237,147

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 50,800
At 31 October 2024 50,800
DEPRECIATION
Charge for year 7,620
At 31 October 2024 7,620
NET BOOK VALUE
At 31 October 2024 43,180

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 1
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

VRAD LIMITED (REGISTERED NUMBER: 05823292)

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

7. STOCKS
31.10.24 31.10.23
£    £   
Stocks 145,079 104,556

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Amounts owed by group undertakings 556,293 446,504
Other debtors 12,840 3,991
569,133 450,495

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 118,249 167,044
Hire purchase contracts 6,203 -
Trade creditors 166,976 171,705
Amounts owed to group undertakings 57,935 62,046
Taxation and social security 44,920 64,971
Other creditors 86,605 33,933
480,888 499,699

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 381,249 306,786
Hire purchase contracts 33,148 -
414,397 306,786

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 131,920 15,197

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
200 Share capital 1 £1 200 200