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Company Registration No. 14452138 (England and Wales)
Vhy Stores Ltd Unaudited accounts for the year ended 31 October 2024
Vhy Stores Ltd Unaudited accounts Contents
Page
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Vhy Stores Ltd Company Information for the year ended 31 October 2024
Director
Ms H Yuksel
Company Number
14452138 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JY United Kingdom
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Vhy Stores Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
154,879 
157,591 
Current assets
Inventories
1,170 
2,470 
Debtors
18,500 
18,500 
Cash at bank and in hand
816 
703 
20,486 
21,673 
Creditors: amounts falling due within one year
(120,088)
(177,061)
Net current liabilities
(99,602)
(155,388)
Total assets less current liabilities
55,277 
2,203 
Creditors: amounts falling due after more than one year
(50,000)
- 
Net assets
5,277 
2,203 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,177 
2,103 
Shareholders' funds
5,277 
2,203 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2025 and were signed on its behalf by
Ms H Yuksel Director Company Registration No. 14452138
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Vhy Stores Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Vhy Stores Ltd is a private company, limited by shares, registered in England and Wales, registration number 14452138. The registered office is 214 Baker Street, Enfield, EN1 3JY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18% - Reducing balance method)
Fixtures & fittings
18% - Reducing balance method)
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Vhy Stores Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
142,523 
15,250 
3,126 
160,899 
At 31 October 2024
142,523 
15,250 
3,126 
160,899 
Depreciation
At 1 November 2023
- 
2,745 
563 
3,308 
Charge for the year
- 
2,251 
461 
2,712 
At 31 October 2024
- 
4,996 
1,024 
6,020 
Net book value
At 31 October 2024
142,523 
10,254 
2,102 
154,879 
At 31 October 2023
142,523 
12,505 
2,563 
157,591 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
18,500 
18,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,222 
1,397 
Taxes and social security
14,039 
4,021 
Loans from directors
97,827 
171,193 
Accruals
- 
450 
120,088 
177,061 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
50,000 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Included within other creditors is an amount of £97,827 (2023;£171,193) due to its directors. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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