Company No: 15700862 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	5	3,402		4,253
Tangible assets	6	2,148		2,554
		5,550		6,807
Current assets
Stocks	7	343		343
Debtors	8	15,665		104,759
Cash at bank and in hand		36,592		72,030
		52,600		177,132
Creditors: amounts falling due within one year	9	( 41,836)		( 167,311)
Net current assets		10,764		9,821
Total assets less current liabilities		16,314		16,628
Provision for liabilities	10, 11	( 1,388)		( 1,702)
Net assets		14,926		14,926
Capital and reserves
Called-up share capital	12	100		100
Profit and loss account		14,826		14,826
Total shareholders' funds		14,926		14,926

For the financial year ending 31 May 2026 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 financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of VSM Instruments Ltd (registered number: 15700862) were approved and authorised for issue by the Board of Directors on 07 October 2026. They were signed on its behalf by:

Rupert David Smith Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

VSM Instruments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Dsg Chartered Accountants Unit 5 Evolution House, Lakeside Business Village, Ewloe, CH5 3XP, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 - 0 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 - 7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Dividends on equity shares

	2026		2025
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 31 May 2026 of £198.92 (2025: £300.00) per ordinary share	19,892		30,000

5. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 June 2025	4,253		4,253
At 31 May 2026	4,253		4,253
Accumulated amortisation
At 01 June 2025	0		0
Charge for the financial year	851		851
At 31 May 2026	851		851
Net book value
At 31 May 2026	3,402		3,402
At 31 May 2025	4,253		4,253

6. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 June 2025	3,029		3,029
At 31 May 2026	3,029		3,029
Accumulated depreciation
At 01 June 2025	475		475
Charge for the financial year	404		404
At 31 May 2026	881		881
Net book value
At 31 May 2026	2,148		2,148
At 31 May 2025	2,554		2,554

7. Stocks

	2026		2025
	£		£
Stocks	343		343

8. Debtors

	2026		2025
	£		£
Trade debtors	15,244		104,353
Other debtors	421		406
	15,665		104,759

9. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	2,400		73,234
Taxation and social security	17,760		54,577
Other creditors	21,676		39,500
	41,836		167,311

10. Provision for liabilities

	2026		2025
	£		£
Deferred tax	1,388		1,702

11. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 1,702)		0
Credited/(charged) to the Profit and Loss Account	314		( 1,702)
At the end of financial year	( 1,388)		( 1,702)

12. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
95 A ordinary shares of £ 1.00 each	95		95
5 B ordinary shares of £ 1.00 each	5		5
	100		100