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Company Registration No. 06998802 (England and Wales)
V R Medics Ltd Filleted accounts for the year ended 31 August 2024
V R Medics Ltd Filleted accounts Contents
Page
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V R Medics Ltd Company Information for the year ended 31 August 2024
Directors
Dr Vineeta Rajeev Jayant Singh Dr Rajeev Kumar Singh Rohan Singh
Company Number
06998802 (England and Wales)
Registered Office
Strathy Main Street Burnaston Derby DE65 6LG
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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V R Medics Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
227,418 
204,724 
Current assets
Debtors
71,930 
71,930 
Investments
592,043 
585,607 
Cash at bank and in hand
122,504 
132,053 
786,477 
789,590 
Creditors: amounts falling due within one year
(48,249)
(46,510)
Net current assets
738,228 
743,080 
Total assets less current liabilities
965,646 
947,804 
Creditors: amounts falling due after more than one year
(28,723)
(53,000)
Net assets
936,923 
894,804 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
936,823 
894,704 
Shareholders' funds
936,923 
894,804 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 30 August 2025 and were signed on its behalf by
Dr Vineeta Rajeev Director Company Registration No. 06998802
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V R Medics Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
V R Medics Ltd is a private company, limited by shares, registered in England and Wales, registration number 06998802. The registered office is Strathy Main Street, Burnaston, Derby, DE65 6LG.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
10% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
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V R Medics Ltd Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
28,000 
At 31 August 2024
28,000 
Amortisation
At 1 September 2023
28,000 
At 31 August 2024
28,000 
Net book value
At 31 August 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
20,899 
174,935 
75,453 
7,867 
279,154 
Additions
- 
- 
57,681 
- 
57,681 
At 31 August 2024
20,899 
174,935 
133,134 
7,867 
336,835 
Depreciation
At 1 September 2023
4,180 
52,482 
9,901 
7,867 
74,430 
Charge for the year
4,180 
17,494 
13,313 
- 
34,987 
At 31 August 2024
8,360 
69,976 
23,214 
7,867 
109,417 
Net book value
At 31 August 2024
12,539 
104,959 
109,920 
- 
227,418 
At 31 August 2023
16,719 
122,453 
65,552 
- 
204,724 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
71,930 
71,930 
7
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
592,043 
585,607 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
29,257 
29,257 
Taxes and social security
16,405 
14,665 
Other creditors
1,407 
1,408 
Accruals
1,180 
1,180 
48,249 
46,510 
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V R Medics Ltd Notes to the Accounts for the year ended 31 August 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
28,723 
53,000 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
45 A Ordinary shares of £1 each
45 
45 
45 B Ordinary shares of £1 each
45 
45 
5 C Ordinary shares of £1 each
5 
5 
5 D Ordinary shares of £1 each
5 
5 
100 
100 
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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