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
Vhy Stores Ltd
Company Information
for the year ended 31 October 2024
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
Vhy Stores Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
154,879
157,591
Cash at bank and in hand
816
703
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)
-
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
Vhy Stores Ltd
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
At 31 October 2024
142,523
10,254
2,102
154,879
At 31 October 2023
142,523
12,505
2,563
157,591
Amounts falling due after more than one year
Other debtors
18,500
18,500
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
14,039
4,021
Loans from directors
97,827
171,193
7
Creditors: amounts falling due after more than one year
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).