VGI IMPEX LTD - Accounts

VGI IMPEX LTD
Contents Page
For the year ended 31 January 2025

Statement of financial position	1
Notes to the financial statements	2

VGI IMPEX LTD
Statement of Financial Position
As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	15,213	7,041
		15,213	7,041
Current assets
Debtors		74,550	88,777
Cash at bank and in hand		4,044	352
		78,594	89,129
Creditors: amount falling due within one year		(30,791)	(29,901)
Net current assets		47,803	59,228

Total assets less current liabilities		63,016	66,269
Creditors: amount falling due after more than one year		(43,101)	(43,858)
Net assets		19,915	22,411

Capital and reserves
Called up share capital		1	1
Profit and loss account		19,914	22,410
Shareholders' funds		19,915	22,411

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

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 09 October 2025 and were signed by:

-------------------------------
Ratnalatha Shaseerathan
Director

1

VGI IMPEX LTD
Notes to the Abridged Financial Statements
For the year ended 31 January 2025

General Information

VGI IMPEX LTD is a private company, limited by shares, registered in , registration number 07916423, registration address 167 Brent Road, Southall, UB2 5LJ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Reducing Balance

2.	Average number of employees Average number of employees during the year was 3 (2024 : 4).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Computer Equipment	Total
	£	£	£
At 01 February 2024	9,020	3,433	12,453
Additions	13,995	-	13,995
Disposals	-	-	-
At 31 January 2025	23,015	3,433	26,448
Depreciation
At 01 February 2024	2,255	3,157	5,412
Charge for year	5,754	69	5,823
On disposals	-	-	-
At 31 January 2025	8,009	3,226	11,235
Net book values
Closing balance as at 31 January 2025	15,006	207	15,213
Opening balance as at 01 February 2024	6,765	276	7,041

2

Registered Number: 07916423

VGI IMPEX LTD

Abridged Accounts

Period of accounts Start date: 01 February 2024 End date: 31 January 2025