Vfm Associates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02737626

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		75,409		110,458
Investments	5		117,126		129,480

			192,535		239,938
CURRENT ASSETS
Debtors	6	99,782		304,936
Cash at bank and in hand		623,450		635,423

		723,232		940,359
Creditors: Amounts Falling Due Within One Year	7	(332,644 )		(320,048 )

NET CURRENT ASSETS (LIABILITIES)			390,588		620,311

TOTAL ASSETS LESS CURRENT LIABILITIES			583,123		860,249

NET ASSETS			583,123		860,249

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Share premium account			5,570		5,570
Capital redemption reserve			35		35
Profit and Loss Account			576,518		853,644

SHAREHOLDERS' FUNDS			583,123		860,249

Page 1

Page 2

Vfm Associates Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 I E Fairbairn

Director

7 April 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Vfm Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02737626 . The registered office is 5 Bramleys Barn, The Menagerie Escrick, York, North Yorkshire, YO19 6ET.

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:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 11)

Page 3

Page 4

Vfm Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 November 2024	113,357	157,963	271,320
Additions	42,985	1,344	44,329
Disposals	(78,569 )	-	(78,569 )

As at 31 October 2025	77,773	159,307	237,080

Depreciation
As at 1 November 2024	35,214	125,648	160,862
Provided during the period	15,638	5,165	20,803
Disposals	(19,994 )	-	(19,994 )

As at 31 October 2025	30,858	130,813	161,671

Net Book Value
As at 31 October 2025	46,915	28,494	75,409

As at 1 November 2024	78,143	32,315	110,458

5. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost or Valuation
As at 1 November 2024	20,954	108,526	129,480
Disposals	(12,354 )	-	(12,354 )

As at 31 October 2025	8,600	108,526	117,126

Provision
As at 1 November 2024	-	-	-

As at 31 October 2025	-	-	-

Net Book Value
As at 31 October 2025	8,600	108,526	117,126

As at 1 November 2024	20,954	108,526	129,480

The company owns 80% of the issued ordinary share capital of Value For Money S L, a company registered in Spain. At 31 October 2025 the aggregate of its capital and reserves was £221,536 (2024: £270,146). In the year ended 31 October 2025 it made a profit of £1,393 (2024: £84,257). Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

The company owns 50% of the issued ordinary share capital of SAS VFM Associates France, a company

registered in France. At 30 September 2025 the aggregate of its capital and reserves was £10,028 (2024: £45,643). In the year ended 30 September 2025 it made a loss of £36,246 (2024: loss of £9,483). Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

Page 4

Page 5

Vfm Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	65,855	298,134
Other debtors	33,927	6,802

	99,782	304,936

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	40,868	123,288
Other creditors	276,102	121,230
Taxation and social security	15,674	75,530

	332,644	320,048

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

Page 5