2023-10-01 2024-09-30 false Capium Accounts Production 1.1 10376335 2023-10-01 2024-09-30 10376335 bus:AbridgedAccounts 2023-10-01 2024-09-30 10376335 bus:FRS102 2023-10-01 2024-09-30 10376335 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10376335 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10376335 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10376335 2023-10-01 2024-09-30 10376335 2024-09-30 10376335 bus:RegisteredOffice 2023-10-01 2024-09-30 10376335 core:WithinOneYear 2024-09-30 10376335 core:AfterOneYear 2024-09-30 10376335 1 2023-10-01 2024-09-30 10376335 bus:Director1 2023-10-01 2024-09-30 10376335 bus:Director1 2024-09-30 10376335 bus:Director1 2022-10-01 2023-09-30 10376335 bus:Director2 2023-10-01 2024-09-30 10376335 bus:Director2 2024-09-30 10376335 bus:Director2 2022-10-01 2023-09-30 10376335 2022-10-01 10376335 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 10376335 2022-10-01 2023-09-30 10376335 2023-09-30 10376335 core:WithinOneYear 2023-09-30 10376335 core:AfterOneYear 2023-09-30 10376335 bus:EntityAccountantsOrAuditors 2022-10-01 2023-09-30 10376335 core:PlantMachinery 2023-10-01 2024-09-30 10376335 core:PlantMachinery 2024-09-30 10376335 core:PlantMachinery 2023-09-30 10376335 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-09-30 10376335 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-09-30 10376335 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 10376335 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 10376335 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-09-30 10376335 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-09-30 10376335 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-09-30 10376335 core:Non-currentFinancialInstruments 2024-09-30 10376335 core:Non-currentFinancialInstruments 2023-09-30 10376335 core:ShareCapital 2024-09-30 10376335 core:ShareCapital 2023-09-30 10376335 core:RetainedEarningsAccumulatedLosses 2024-09-30 10376335 core:RetainedEarningsAccumulatedLosses 2023-09-30 10376335 dpl:Item1 2023-10-01 10376335 dpl:Item1 2024-09-30 10376335 dpl:Item1 2022-10-01 10376335 dpl:Item1 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10376335
England & Northern Ireland

 

 

 

VM ELECTRICS LTD



Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 September 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Abbey & Co Associates Ltd
30 September 2024



....................................................

Abbey & Co Associates Ltd

1st Floor, Abbey House
270-272 Lever Street
Bolton
BL3 6PD
19 June 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 300    600 
300    600 
Current assets      
Debtors 4,620    9,246 
Cash at bank and in hand 4,168    2,794 
8,788    12,040 
Creditors: amount falling due within one year (7,356)   (11,678)
Net current assets 1,432    362 
 
Total assets less current liabilities 1,732    962 
Provisions for liabilities (57)   (114)
Net assets 1,675    848 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 1,575    748 
Shareholders' funds 1,675    848 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 19 June 2025 and were signed on its behalf by:


-------------------------------
Fayaz Malji
Director
2
General Information
VM Electrics Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 10376335, registration address 84 Grasmere Street, Bolton, Lancashire, BL1 8LH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
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 20% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 October 2023 5,026    5,026 
Additions  
Disposals  
At 30 September 2024 5,026    5,026 
Depreciation
At 01 October 2023 4,426    4,426 
Charge for year 300    300 
On disposals  
At 30 September 2024 4,726    4,726 
Net book values
Closing balance as at 30 September 2024 300    300 
Opening balance as at 01 October 2023 600    600 


3