VMS Network Cabling Limited 05181987 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of providing IT services Digita Accounts Production Advanced 6.30.9574.0 true true 05181987 2024-04-01 2025-03-31 05181987 2025-03-31 05181987 bus:OrdinaryShareClass1 2025-03-31 05181987 core:FinanceLeases core:CurrentFinancialInstruments 2025-03-31 05181987 core:FinanceLeases core:Non-currentFinancialInstruments 2025-03-31 05181987 core:CurrentFinancialInstruments 2025-03-31 05181987 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05181987 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 05181987 core:FurnitureFittingsToolsEquipment 2025-03-31 05181987 core:MotorVehicles 2025-03-31 05181987 core:OtherPropertyPlantEquipment 2025-03-31 05181987 bus:SmallEntities 2024-04-01 2025-03-31 05181987 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05181987 bus:FilletedAccounts 2024-04-01 2025-03-31 05181987 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05181987 bus:RegisteredOffice 2024-04-01 2025-03-31 05181987 bus:Director1 2024-04-01 2025-03-31 05181987 bus:Director2 2024-04-01 2025-03-31 05181987 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 05181987 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05181987 bus:Agent1 2024-04-01 2025-03-31 05181987 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 05181987 core:MotorVehicles 2024-04-01 2025-03-31 05181987 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 05181987 core:PlantMachinery 2024-04-01 2025-03-31 05181987 countries:England 2024-04-01 2025-03-31 05181987 2024-03-31 05181987 core:FurnitureFittingsToolsEquipment 2024-03-31 05181987 core:MotorVehicles 2024-03-31 05181987 core:OtherPropertyPlantEquipment 2024-03-31 05181987 2023-04-01 2024-03-31 05181987 2024-03-31 05181987 bus:OrdinaryShareClass1 2024-03-31 05181987 core:FinanceLeases core:CurrentFinancialInstruments 2024-03-31 05181987 core:FinanceLeases core:Non-currentFinancialInstruments 2024-03-31 05181987 core:CurrentFinancialInstruments 2024-03-31 05181987 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05181987 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05181987 core:FurnitureFittingsToolsEquipment 2024-03-31 05181987 core:MotorVehicles 2024-03-31 05181987 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05181987

VMS Network Cabling Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

VMS Network Cabling Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

VMS Network Cabling Limited

Company Information

Directors

TJ Howe

VP Chester

Registered office

C/o The McCay Partnership
24 Capital Business Centre, 22 Carlton Road
South Croydon
Surrey
CR2 0BS

Accountants

The McCay Partnership
Chartered Accountants24 Capital Business Centre
22 Carlton Road
South Croydon
Surrey
CR2 0BS

 

VMS Network Cabling Limited

(Registration number: 05181987)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

15,502

21,017

Current assets

 

Stocks

5

3,300

20,616

Debtors

6

19,780

70,121

Cash at bank and in hand

 

151,432

120,526

 

174,512

211,263

Creditors: Amounts falling due within one year

7

(57,489)

(73,366)

Net current assets

 

117,023

137,897

Total assets less current liabilities

 

132,525

158,914

Creditors: Amounts falling due after more than one year

7

-

(258)

Provisions for liabilities

(3,876)

(5,254)

Net assets

 

128,649

153,402

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

127,649

152,402

Shareholders' funds

 

128,649

153,402

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
 

 

VMS Network Cabling Limited

(Registration number: 05181987)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 12 August 2025 and signed on its behalf by:
 

.........................................
TJ Howe
Director

 

VMS Network Cabling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/o The McCay Partnership
24 Capital Business Centre, 22 Carlton Road
South Croydon
Surrey
CR2 0BS
United Kingdom

The principal place of business is:
PO Box 895
Orpington
Kent
BR6 1ND

These financial statements were authorised for issue by the Board on 12 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

VMS Network Cabling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Motor Vehicles

20% straight line

Office Equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

VMS Network Cabling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

VMS Network Cabling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

22,677

45,764

8,086

76,527

Disposals

-

(23,479)

-

(23,479)

At 31 March 2025

22,677

22,285

8,086

53,048

Depreciation

At 1 April 2024

19,488

27,936

8,086

55,510

Charge for the year

1,058

4,457

-

5,515

Eliminated on disposal

-

(23,479)

-

(23,479)

At 31 March 2025

20,546

8,914

8,086

37,546

Carrying amount

At 31 March 2025

2,131

13,371

-

15,502

At 31 March 2024

3,189

17,828

-

21,017

5

Stocks

2025
£

2024
£

Other inventories

3,300

20,616

6

Debtors

Current

2025
£

2024
£

Trade debtors

15,881

66,818

Prepayments

3,899

3,303

 

19,780

70,121

 

VMS Network Cabling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

608

7,408

Trade creditors

 

30,702

28,380

Taxation and social security

 

23,737

31,710

Accruals and deferred income

 

2,000

2,000

Other creditors

 

442

3,868

 

57,489

73,366

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

-

258

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share of £1 each

1,000

1,000

1,000

1,000

       

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Finance lease liabilities

-

258

Current loans and borrowings

2025
£

2024
£

Finance lease liabilities

608

7,187

Other borrowings

-

221

608

7,408