REGISTERED NUMBER: SC374540 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Vfm Scotland Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G A Adie

Mr G L Nicol

REGISTERED OFFICE:

Unit 5

Newmachar Business Centre

Kingseat Business Park

Newmachar

Aberdeenshire

AB21 0AZ

REGISTERED NUMBER:

SC374540 (Scotland)

ACCOUNTANTS:

BW Accountancy Services Limited

25a Market Place

Inverurie

AB51 3PU

FIXED ASSETS

Tangible assets

4

130,892

208,201

CURRENT ASSETS

Stocks

93,985

139,566

Debtors

5

382,711

325,063

476,696

464,629

CREDITORS

Amounts falling due within one year

6

567,836

608,095

NET CURRENT LIABILITIES

(91,140

)

(143,466

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,752

64,735

CREDITORS

Amounts falling due after more than one year

7

(87,150

)

(78,283

)

PROVISIONS FOR LIABILITIES

(24,869

)

-

NET LIABILITIES

(72,267

)

(13,548

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(72,467

)

(13,748

)

(72,267

)

(13,548

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

Mr G L Nicol - Director

G A Adie - Director

1.	STATUTORY INFORMATION

Vfm Scotland Limited is a private company, limited by shares , registered in Scotland. 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.

At 30 April 2025 the company's liabilities exceeded its total assets. The financial statements have been prepared on the going concern basis which assumes the company will continue to in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the directors and shareholders.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

83,767

9,925

448,927

13,592

556,211

Additions

-

-

119,800

-

119,800

Disposals

-

-

(357,511

)

-

(357,511

)

At 30 April 2025

83,767

9,925

211,216

13,592

318,500

DEPRECIATION

At 1 May 2024

79,010

9,230

246,627

13,143

348,010

Charge for year

1,189

174

42,155

112

43,630

Eliminated on disposal

-

-

(204,032

)

-

(204,032

)

At 30 April 2025

80,199

9,404

84,750

13,255

187,608

NET BOOK VALUE

At 30 April 2025

3,568

521

126,466

337

130,892

At 30 April 2024

4,757

695

202,300

449

208,201

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

68,895

61,685

Other debtors

313,816

263,378

382,711

325,063

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

84,535

128,619

Hire purchase contracts

16,826

55,233

Trade creditors

260,354

375,627

Taxation and social security

133,827

46,386

Other creditors

72,294

2,230

567,836

608,095

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

65,876

3,595

Hire purchase contracts

21,274

74,688

87,150

78,283

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Short term loan

-

3,595

8.	RELATED PARTY DISCLOSURES

Mr G Nicol and Mr G Adie are also director's of Shetland Truck & Van Limited, a company registered in Scotland. At the balance sheet date, the amount due to Shetland Truck & Van Limited was £25,128 (2024 - £32,415).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Nicol & Mr G Adie, who each own 50% of the share capital.