Vogue Surrounds Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI038927

VOGUE SURROUNDS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 May 2025

VOGUE SURROUNDS LIMITED

STATEMENT OF FINANCIAL POSITION

28 May 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5		39,887	52,023

CURRENT ASSETS

Stocks		58,646	69,901
Debtors	6	85,123	82,992
Cash at bank and in hand		241,654	199,032
		---------	---------
		385,423	351,925

CREDITORS: amounts falling due within one year	7	335,725		310,332
		---------		---------
NET CURRENT ASSETS			49,698	41,593
			--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES			89,585	93,616

PROVISIONS

Taxation including deferred tax	12,606	12,606
	--------	--------
NET ASSETS	76,979	81,010
	--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	76,879	80,910
	--------	--------
SHAREHOLDERS FUNDS	76,979	81,010
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 May 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

VOGUE SURROUNDS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 May 2025

These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:

Mr G Vogan

Director

Company registration number: NI038927

VOGUE SURROUNDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 MAY 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 1 Foundry Street, Portadown, BT63 5AB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

(a) No cash flow statement has been presented for the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15 % reducing balance

	Website development	-	25 % reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 6 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Website development	Total
	£	£	£	£	£	£
Cost
At 29 May 2024 and 28 May 2025	53,670	163,758	121,857	51,843	20,500	411,628
	--------	---------	---------	--------	--------	---------
Depreciation
At 29 May 2024	53,451	148,054	95,849	43,140	19,111	359,605
Charge for the year	56	3,926	6,502	1,305	347	12,136
	--------	---------	---------	--------	--------	---------
At 28 May 2025	53,507	151,980	102,351	44,445	19,458	371,741
	--------	---------	---------	--------	--------	---------
Carrying amount
At 28 May 2025	163	11,778	19,506	7,398	1,042	39,887
	--------	---------	---------	--------	--------	---------
At 28 May 2024	219	15,704	26,008	8,703	1,389	52,023
	--------	---------	---------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	79,766	69,517
Other debtors	5,357	13,475
	--------	--------
	85,123	82,992
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	( 6,065)	16,773
Corporation tax	37,595	64,148
Social security and other taxes	55,698	56,049
Credit card	427	54
Other creditors	248,070	173,308
	---------	---------
	335,725	310,332
	---------	---------

8. Directors' advances, credits and guarantees

During the year, the director advanced net loans of £9,621 to the company. At the balance sheet date, the amount due to the director from the company was £9,621 (2024: £Nil).