Registration number: 08181028

Vie Home Improvements Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Vie Home Improvements Ltd

(Registration number: 08181028)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets		2,950	3,350
Tangible assets	3	12,180	14,254
		15,130	17,604
Current assets
Stocks	4	3,907	3,809
Debtors	5	21,476	13,769
Cash at bank and in hand		67,034	78,295
		92,417	95,873
Creditors: Amounts falling due within one year	6	(68,008)	(47,709)
Net current assets		24,409	48,164
Total assets less current liabilities		39,539	65,768
Creditors: Amounts falling due after more than one year	6	(24,537)	(30,602)
Net assets		15,002	35,166
Capital and reserves
Called up share capital		3,090	3,090
Retained earnings		11,912	32,076
Shareholders' funds		15,002	35,166

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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 Income Statement.

Vie Home Improvements Ltd

(Registration number: 08181028)
Statement of Financial Position as at 31 December 2024

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:
 

Mr D B Millward Director

Vie Home Improvements Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
Unit 17, Stretford Motorway Estate
Barton Dock Road
Trafford Park
Manchester
M32 0ZH

These financial statements were authorised for issue by the Board on 26 September 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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 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.

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Vie Home Improvements Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	10% straight line

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.

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 income statement 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.

Hire Purchase and leasing

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Vie Home Improvements Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	24,505	24,505
Additions	379	379
At 31 December 2024	24,884	24,884
Depreciation
At 1 January 2024	10,251	10,251
Charge for the year	2,453	2,453
At 31 December 2024	12,704	12,704
Carrying amount
At 31 December 2024	12,180	12,180
At 31 December 2023	14,254	14,254

4

Stocks

	2024 £	2023 £
Other inventories	3,907	3,809

5

Debtors

	2024 £	2023 £
Trade debtors	19,437	7,266
Other debtors	2,039	6,503
	21,476	13,769

6

Creditors

Creditors: amounts falling due within one year

Vie Home Improvements Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	5,556	5,556
Trade creditors		40,826	34,451
Taxation and social security		7,053	4,402
Accruals and deferred income		2,756	2,048
Other creditors		11,817	1,252
		68,008	47,709

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	24,537	30,602

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	24,537	30,602

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,556	5,556

8	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).