V.H.D. Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Statement of Changes in Equity	4
Notes to the Unaudited Financial Statements	5 to 9

V.H.D. Limited

Company Information

Director

S Williams

Registered Office

Unit 1C Colston Yard Bristol BS1 5BD

Registered Number

03391667

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

V.H.D. Limited

(Registration number: 03391667)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	11,730	14,053
Current assets
Debtors	5	25,313	68,128
Cash at bank and in hand		165,443	153,533
		190,756	221,661
Creditors: Amounts falling due within one year	6	(50,296)	(50,009)
Net current assets		140,460	171,652
Total assets less current liabilities		152,190	185,705
Provisions for liabilities		(2,933)	(4,158)
Net assets		149,257	181,547
Capital and reserves
Called up share capital		500	500
Capital redemption reserve		500	500
Retained earnings		148,257	180,547
Shareholders' funds		149,257	181,547

V.H.D. Limited

(Registration number: 03391667)
Balance Sheet as at 31 August 2025

For the financial year ending 31 August 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; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 May 2026
 

......................................... S Williams Director

V.H.D. Limited

Statement of Changes in Equity for the Year Ended 31 August 2025

	Share capital £	Capital redemption reserve £	Retained earnings £	Total £
At 1 September 2024	500	500	180,547	181,547
Profit for the year	-	-	22,610	22,610
Dividends	-	-	(54,900)	(54,900)
At 31 August 2025	500	500	148,257	149,257

	Share capital £	Capital redemption reserve £	Retained earnings £	Total £
At 1 September 2023	500	500	202,152	203,152
Profit for the year	-	-	33,295	33,295
Dividends	-	-	(54,900)	(54,900)
At 31 August 2024	500	500	180,547	181,547

V.H.D. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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 1C
Colston Yard
Bristol
BS1 5BD

These financial statements were authorised for issue by the director on 22 May 2026.

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). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current 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.

V.H.D. Limited

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

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
Fixtures and fittings	15% on reducing balance
Motor vehicles	25% on cost
Computer equipment	25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

V.H.D. Limited

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

V.H.D. Limited

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

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Computer equipment £	Total £
Cost or valuation
At 1 September 2024	5,820	1,600	26,449	33,869
Additions	476	-	4,282	4,758
Disposals	-	-	(10,257)	(10,257)
At 31 August 2025	6,296	1,600	20,474	28,370
Depreciation
At 1 September 2024	2,215	1,600	16,001	19,816
Charge for the year	565	-	2,157	2,722
Eliminated on disposal	-	-	(5,898)	(5,898)
At 31 August 2025	2,780	1,600	12,260	16,640
Carrying amount
At 31 August 2025	3,516	-	8,214	11,730
At 31 August 2024	3,605	-	10,448	14,053

5

Debtors

	2025 £	2024 £
Trade debtors	23,579	67,628
Prepayments and accrued income	1,734	500
	25,313	68,128

6

Creditors

Due within one year	Note	2025 £	2024 £
Trade creditors		3,911	8,688
Amounts owed to related parties	8	12,378	323
Taxation and social security		29,102	37,278
Accruals and deferred income		4,077	2,250
Other creditors		828	1,470
		50,296	50,009

V.H.D. Limited

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

 

7	Financial commitments, guarantees and contingencies

Pension commitments

Included in the balance sheet are pensions payable of £Nil (2024 - £37). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Off balance sheet commitments

At the year end the company had future minimum lease commitments due under non-cancellable operating lease totalling £Nil (2024 - £1,120).

8	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	323	323
Advanced	62,213	62,213
Repaid	(50,158)	(50,158)
At end of period	12,378	12,378

2024	Key management £	Other related parties £	Total £
At start of period	2,426	3,025	5,451
Advanced	55,392	-	55,392
Repaid	(57,495)	(3,025)	(60,520)
At end of period	323	-	323

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.

 Loans from other related parties are interest free and repayable on demand.