REGISTERED NUMBER: 03770298 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Davie

Mr A Davie

Mr A Harvey-Holt

REGISTERED OFFICE:

Unit 11

Longridge Trading Estate

Knutsford

Cheshire

WA16 8PR

REGISTERED NUMBER:

03770298 (England and Wales)

ACCOUNTANTS:

Anthony Wych & Co

26 Berrycroft Lane

Romiley

Stockport

Cheshire

SK6 3AU

FIXED ASSETS

Tangible assets

4

1,649,960

1,809,474

CURRENT ASSETS

Debtors

5

604,436

570,053

Cash at bank

95,790

257,597

700,226

827,650

CREDITORS

Amounts falling due within one year

6

760,193

707,088

NET CURRENT (LIABILITIES)/ASSETS

(59,967

)

120,562

TOTAL ASSETS LESS CURRENT LIABILITIES

1,589,993

1,930,036

CREDITORS

Amounts falling due after more than one year

7

(382,094

)

(650,872

)

PROVISIONS FOR LIABILITIES

(360,391

)

(215,280

)

NET ASSETS

847,508

1,063,884

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

847,404

1,063,780

SHAREHOLDERS' FUNDS

847,508

1,063,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

Mr D Davie - Director

Mr A Davie - Director

1.	STATUTORY INFORMATION

VME Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

over 20 years

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

533,595

4,064,424

212,649

11,286

4,821,954

Additions

-

91,394

19,390

-

110,784

Disposals

-

-

(66,794

)

-

(66,794

)

At 31 March 2025

533,595

4,155,818

165,245

11,286

4,865,944

DEPRECIATION

At 1 April 2024

321,065

2,593,581

95,847

1,987

3,012,480

Charge for year

26,570

201,224

28,276

1,395

257,465

Eliminated on disposal

-

-

(53,961

)

-

(53,961

)

At 31 March 2025

347,635

2,794,805

70,162

3,382

3,215,984

NET BOOK VALUE

At 31 March 2025

185,960

1,361,013

95,083

7,904

1,649,960

At 31 March 2024

212,530

1,470,843

116,802

9,299

1,809,474

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

536,836

420,642

Other debtors

-

1,250

Called up share capital not paid

4

4

Prepayments

67,596

148,157

604,436

570,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,000

20,000

Hire purchase contracts

242,273

304,773

Trade creditors

271,522

229,806

Corporation tax

8,208

(62,269

)

Social security and other taxes

6,168

5,982

VAT

32,671

34,083

Other creditors

115,950

115,950

Directors' current accounts

6,612

53,188

Accruals and deferred income

56,789

5,575

760,193

707,088

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,000

20,000

Bank loans - 2-5 years

-

5,000

Hire purchase contracts

377,094

625,872

382,094

650,872

8.	RELATED PARTY DISCLOSURES

During the year the company sold and purchased goods and services to the value of £57,960 (2024 - £30,715) - sales and £18,532 (2024 £26,032) - purchases to and from Eurogenerators (UK) Limited, a company in which the directors have a material interest as a shareholder. The sales and purchases were made on a normal trading basis.

The balance outstanding to Eurogenerators (UK) Limited as at the year end date was £204,015.

During the year the company sold and purchased goods and services to the value of £60,307 (2024 - £44,173) - sales and £4,195 (2024 £7,000) - purchases to and from Euro Screens Limited, a company in which the directors have a material interest as a shareholder. The sales and purchases were made on a normal trading basis.

The balance outstanding to Euro Screens Limited as at the year end date was £145,068.