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Registered number: 08963616
Vms Torbay Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Trek Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08963616
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 161,863 135,324
161,863 135,324
CURRENT ASSETS
Debtors 5 - 4,737
Cash at bank and in hand 26,372 24,979
26,372 29,716
Creditors: Amounts Falling Due Within One Year 6 (65,334 ) (50,001 )
NET CURRENT ASSETS (LIABILITIES) (38,962 ) (20,285 )
TOTAL ASSETS LESS CURRENT LIABILITIES 122,901 115,039
Creditors: Amounts Falling Due After More Than One Year 7 - (34,000 )
NET ASSETS 122,901 81,039
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 122,891 81,029
SHAREHOLDERS' FUNDS 122,901 81,039
Page 1
Page 2
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Paris
Director
Mr Jamie Mitchelmore
Director
17th December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vms Torbay Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08963616 . The registered office is Suite 2, The Barbican Centre,, Lustleigh Close, Marsh Barton Trading, Exeter, EX8 2PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
Fixtures & Fittings 18% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 135,763 68,152 - 203,915
Additions 35,912 22,300 3,859 62,071
As at 31 March 2025 171,675 90,452 3,859 265,986
Depreciation
As at 1 April 2024 53,297 15,294 - 68,591
Provided during the period 21,308 13,529 695 35,532
As at 31 March 2025 74,605 28,823 695 104,123
Net Book Value
As at 31 March 2025 97,070 61,629 3,164 161,863
As at 1 April 2024 82,466 52,858 - 135,324
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 4,737
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 22,110 26,175
Other taxes and social security 4,721 654
VAT 13,345 4,009
Other creditors - 278
Accruals and deferred income 1,400 800
Directors' loan accounts 23,758 18,085
65,334 50,001
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 34,000
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
Page 4