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Registration number: 05504313

VI Distribution Limited
Unaudited Financial Statements
for the Year Ended 31 March 2025

VI Distribution Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

VI Distribution Limited

(Registration number: 05504313)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 840 | 5,005
Tangible assets | 5 | 24,925 | 16,936
Investments | 6 | 1,000 | 1,000
|  | 26,765 | 22,941
Current assets |  |  |
Stocks | 7 | 196,821 | 199,552
Debtors | 8 | 330,751 | 366,120
Cash at bank and in hand |  | 189,633 | 180,599
|  | 717,205 | 746,271
Creditors: Amounts falling due within one year | 9 | (425,983) | (455,693)
Net current assets |  | 291,222 | 290,578
Total assets less current liabilities |  | 317,987 | 313,519
Creditors: Amounts falling due after more than one year | 9 | (2,014) | (21,060)
Provisions for liabilities |  | 13,808 | 14,832
Net assets |  | 329,781 | 307,291
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Share premium reserve |  | 5,275 | 5,275
Retained earnings |  | 324,406 | 301,916
Shareholders' funds |  | 329,781 | 307,291

VI Distribution Limited

(Registration number: 05504313)
Balance Sheet as at 31 March 2025

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.

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 Profit and Loss Account.

Approved and authorised by the Board on 5 December 2025 and signed on its behalf by:

......................................... Mr IN Wilson Director

VI Distribution 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 and Wales.

The address of its registered office is:
Unit 7 Springvale Business Centre
Millbuck Way
Sandbach
Cheshire
CW11 3HY
UK

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. These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods 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.

VI Distribution Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

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
Leasehold improvements | over 7 years straight line basis
Fixtures, fittings & equipment | 20% reducing balance basis
Office equipment | 20% straight line basis
Plant & machinery | 25% reducing balance basis
Motor vehicles | 25% reducing balance basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

VI Distribution Limited

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

Asset class | Amortisation method and rate
Computer software | 20% straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 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.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 12).

VI Distribution Limited

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

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 20,825 | 20,825
At 31 March 2025 | 20,825 | 20,825
Amortisation
At 1 April 2024 | 15,820 | 15,820
Amortisation charge | 4,165 | 4,165
At 31 March 2025 | 19,985 | 19,985
Carrying amount
At 31 March 2025 | 840 | 840
At 31 March 2024 | 5,005 | 5,005

VI Distribution Limited

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

5 | Tangible assets

| Leasehold improvements £ | Fixtures, fittings & equipment £ | Office equipment £ | Motor vehicles £ | Plant & machinery £ | Total £
Cost or valuation
At 1 April 2024 | 175,542 | 38,809 | 26,965 | 15,500 | 4,442 | 261,258
Additions | - | - | 1,204 | 13,330 | - | 14,534
Disposals | - | - | - | (4,500) | - | (4,500)
At 31 March 2025 | 175,542 | 38,809 | 28,169 | 24,330 | 4,442 | 271,292
Depreciation
At 1 April 2024 | 174,553 | 28,016 | 23,338 | 14,962 | 3,453 | 244,322
Charge for the year | 989 | 2,158 | 2,595 | 365 | 248 | 6,355
Eliminated on disposal | - | - | - | (4,310) | - | (4,310)
At 31 March 2025 | 175,542 | 30,174 | 25,933 | 11,017 | 3,701 | 246,367
Carrying amount
At 31 March 2025 | - | 8,635 | 2,236 | 13,313 | 741 | 24,925
At 31 March 2024 | 989 | 10,793 | 3,627 | 538 | 989 | 16,936

VI Distribution Limited

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

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1,000 | 1,000

Subsidiaries | £
Cost or valuation
At 1 April 2024 | 1,000
Provision
Carrying amount
At 31 March 2025 | 1,000
At 31 March 2024 | 1,000

7 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 196,821 | 199,552

8 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 283,018 | 286,353
Other debtors | 47,733 | 79,767
| 330,751 | 366,120

VI Distribution Limited

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

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts |  | 20,703 | 28,800
Trade creditors |  | 244,788 | 256,924
Other creditors |  | 160,492 | 169,969
|  | 425,983 | 455,693

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 20,703 | 28,800

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 2,014 | 21,060

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £104,949 (2024 - £72,034).