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REGISTERED NUMBER: 04586554 (England and Wales)


Financial Statements for the Year Ended 30 November 2024

for

V & M Retail Limited

V & M Retail Limited (Registered number: 04586554)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


V & M Retail Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr Mitesh Parekh
Mr Vinay Parekh





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 04586554 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

V & M Retail Limited (Registered number: 04586554)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 535,600 443,500
Tangible assets 5 438,237 359,283
973,837 802,783

CURRENT ASSETS
Stocks 335,670 311,325
Debtors 6 17,097 15,475
Cash at bank and in hand 98,722 47,438
451,489 374,238
CREDITORS
Amounts falling due within one year 7 513,816 387,596
NET CURRENT LIABILITIES (62,327 ) (13,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

911,510

789,425

CREDITORS
Amounts falling due after more than one
year

8

412,108

325,667
NET ASSETS 499,402 463,758

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 499,302 463,658
SHAREHOLDERS' FUNDS 499,402 463,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

V & M Retail Limited (Registered number: 04586554)

Statement of Financial Position - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





Mr Mitesh Parekh - Director


V & M Retail Limited (Registered number: 04586554)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

V & M Retail 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.

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.

Franchise Fee are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on cost

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2023 - 64 ) .

V & M Retail Limited (Registered number: 04586554)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2023 460,000 3,050 463,050
Additions 92,100 - 92,100
At 30 November 2024 552,100 3,050 555,150
AMORTISATION
At 1 December 2023
and 30 November 2024 16,500 3,050 19,550
NET BOOK VALUE
At 30 November 2024 535,600 - 535,600
At 30 November 2023 443,500 - 443,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 248,067 445,370 693,437
Additions - 126,496 126,496
At 30 November 2024 248,067 571,866 819,933
DEPRECIATION
At 1 December 2023 - 334,154 334,154
Charge for year - 47,542 47,542
At 30 November 2024 - 381,696 381,696
NET BOOK VALUE
At 30 November 2024 248,067 190,170 438,237
At 30 November 2023 248,067 111,216 359,283

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 12,540 12,540
Other debtors 4,557 2,935
17,097 15,475

V & M Retail Limited (Registered number: 04586554)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 314,765 238,435
Taxation and social security 64,239 97,117
Other creditors 134,812 52,044
513,816 387,596

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 412,108 325,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, Company has paid Rent of £20,000 (2023: £20,000) in respect of freehold premises "All in One No 2 Ltd - Costcutter" at "24-26 Concord way, Dukinfield, SK16 4DB".


During the year, Company has paid Rent of £20,000 (2023: £20,000) in respect of freehold premises "All in One No 2 Ltd - Best One" at "190 Talbot Road, Hyde, SK14 4HJ".