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VME Coop Limited
Registered number: SC274787
Information for filing with
The Registrar
For the year ended 31 December 2025
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VME COOP LIMITED
REGISTERED NUMBER: SC274787
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Total assets less current liabilities
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Capital redemption reserve
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The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the Board and were signed on its behalf by:
The notes on pages 2 to 5 form part of these financial statements.
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VME COOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
VME Coop Limited (the 'Company') is a private company limited by shares, registered in Scotland. The address of its registered office is Crook of Devon House, Main Street, Crook of Devon, Perth & Kinross, KY13 0UQ. The Company's registered number is SC274787.
The Company's principal activity during the year was that of a holding company.
These financial statements have been presented in Pounds Sterling as this is the currency of the primary economic environment in which the Company operates. Monetary amounts in these financial statements are rounded to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The Company's ultimate controlling parties are the members of the Company. The Directors have considered the Company's future prospects and the availability of finance in the future. The Directors are confident that the Company has sufficient resources to meet its liabilities over the next twelve months from the date that these financial statements were signed.
The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income 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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
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VME COOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted group shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the year. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Dividends and other distributions to the Company's shareholders are recognised in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the Statement of Changes in Equity.
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The average monthly number of employees, including Directors, during the year was 2 (2024 - 2).
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VME COOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Investment in subsidiary undertaking
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Investment in subsidiary undertaking
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The following was a subsidiary undertaking of the Company:
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VME Retail Systems Limited
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11 Carnbeg Avenue, Antrim, Northern Ireland, BT41 4RA
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The design, marketing and installation of specialised computer systems.
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VME COOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Allotted, called up and fully paid
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885,091 (2024 - 683,091) EOT shares of £0.01 each
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112,294 (2024 - 104,858) Labour shares of £0.01 each
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729,435 (2024 - 549,771) Investor shares of £0.01 each
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During the year, 14,923 Ordinary Labour shares of £0.01 each, 179,664 Ordinary Investor shares of £0.01 each and 202,000 Ordinary EOT shares of £0.01 each were issued at par and fully paid up.
In addition, 7,487 Ordinary Labour shares of £0.01 each were repurchased by the Company from the shareholders during the year.
Capital redemption reserve
This reserve records the nominal value of shares repurchased by the Company.
Profit and loss account
This reserve represents the total of undistributed profit and losses in the current and prior years.
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Related party transactions
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The Company has availed of the exemption under FRS 102 section 33, paragraph 33.1A in relation to the disclosure of transactions with group companies as all of the voting rights are controlled within the Group.
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Ultimate parent undertaking and controlling party
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The ultimate parent undertaking is VME Trustees Limited whose registered address is Crook of Devon House, Main Street, Crook of Devon, Perth and Kinross, KY13 0UQ. VME Trustees Limited have taken advantage of exemptions available to small groups not to prepare consolidated group financial statements.
In the opinion of the Directors, there is no ultimate controlling party.
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