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REGISTERED NUMBER: 04271991 (England and Wales)















Financial Statements For The Period 31 August 2023 to 31 August 2024

for

V. J. Commercials Ltd

V. J. Commercials Ltd (Registered number: 04271991)






Contents of the Financial Statements
For The Period 31 August 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V. J. Commercials Ltd

Company Information
For The Period 31 August 2023 to 31 August 2024







DIRECTORS: O J Manoukian
V Manoukian





REGISTERED OFFICE: Unit 14, Shipdham Airfield Industrial
Estate, Shipdham
Norfolk
IP25 7SD





REGISTERED NUMBER: 04271991 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

V. J. Commercials Ltd (Registered number: 04271991)

Balance Sheet
31 August 2024

31.8.24 30.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 67,610 33,569
67,610 33,569

CURRENT ASSETS
Stocks 566,463 512,681
Debtors 6 134,982 154,670
Cash at bank 94,527 58,624
795,972 725,975
CREDITORS
Amounts falling due within one year 7 645,365 597,502
NET CURRENT ASSETS 150,607 128,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,217

162,042

CREDITORS
Amounts falling due after more than one year 8 (21,833 ) (31,833 )

PROVISIONS FOR LIABILITIES (9,453 ) (6,201 )
NET ASSETS 186,931 124,008

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 186,929 124,006
SHAREHOLDERS' FUNDS 186,931 124,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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. J. Commercials Ltd (Registered number: 04271991)

Balance Sheet - continued
31 August 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 5 June 2025 and were signed on its behalf by:





O J Manoukian - Director


V. J. Commercials Ltd (Registered number: 04271991)

Notes to the Financial Statements
For The Period 31 August 2023 to 31 August 2024

1. STATUTORY INFORMATION

V. J. Commercials Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
As with most businesses we have been impacted by Covid-19. This has had an impact on our operations, customers and staff. We have utilised the grants and benefits available from the Government and are taking all the steps we can to protect the future of our business. Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Lease
Lease, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over five years.

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.

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 - 25% on cost and 15% on reducing balance

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

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


V. J. Commercials Ltd (Registered number: 04271991)

Notes to the Financial Statements - continued
For The Period 31 August 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 August 2023
and 31 August 2024 8,000
AMORTISATION
At 31 August 2023
and 31 August 2024 8,000
NET BOOK VALUE
At 31 August 2024 -
At 30 August 2023 -

V. J. Commercials Ltd (Registered number: 04271991)

Notes to the Financial Statements - continued
For The Period 31 August 2023 to 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 August 2023 80,090
Additions 46,330
At 31 August 2024 126,420
DEPRECIATION
At 31 August 2023 46,521
Charge for period 12,289
At 31 August 2024 58,810
NET BOOK VALUE
At 31 August 2024 67,610
At 30 August 2023 33,569

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.8.23
£    £   
Trade debtors 76,123 133,011
Other debtors 58,859 21,659
134,982 154,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 107,540 47,082
Taxation and social security 21,011 -
Other creditors 506,814 540,420
645,365 597,502

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 30.8.23
£    £   
Bank loans 8,333 18,333
Other creditors 13,500 13,500
21,833 31,833

9. TRANSACTIONS WITH DIRECTORS

The director, O J Manoukian, operates a loan account with the company to which all transactions of a private nature are charged. At the balance sheet date included in other creditors is £26,788 (2023 - £54,250) which is owed to the director by the company.

V. J. Commercials Ltd (Registered number: 04271991)

Notes to the Financial Statements - continued
For The Period 31 August 2023 to 31 August 2024

10. RELATED PARTY DISCLOSURES

Included in creditors is £13,500 (2023 - £13,500) being due to Jack Manoukian a brother of the directors.

11. ULTIMATE CONTROLLING PARTY

At the balance sheet date Mr O Manoukian and Mr V Manoukian each owned 50% of the company share capital.