VMK Ltd - Filleted accounts

VMK Ltd
Registered number:		04722052
Statement of Financial Position
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		335,670			314,538

Current assets
Debtors	5	671			618
Cash at bank and in hand		11,001			11,075
		11,672			11,693

Creditors: amounts falling due within one year	6	(151,153)			(164,541)

Net current liabilities			(139,481)			(152,848)

Total assets less current liabilities			196,189			161,690


Provisions for liabilities			(4,162)			-


Net assets			192,027			161,690

Capital and reserves
Called up share capital			100			100
Revaluation reserve	7		17,494			-
Profit and loss account			174,433			161,590

Shareholders' funds			192,027			161,690

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




I L Koxvold (appointed on 05 April 2025)
Director
Approved by the board on 14 October 2025

VMK Ltd
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	No depreciation
	Plant and machinery	3 years straight line

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.



2	Exceptional items			2025		2024
£					£

	Value adjustments on fixed assets and current asset investments			(21,598)		-
				(21,598)		-


3	Employees and directors			2025		2024
Number					Number

	Average number of directors and persons employed by the company			1		1


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 May 2024	313,769		1,398		315,167
	Fair value movements	21,598		-		21,598
	At 30 April 2025	335,367		1,398		336,765

	Depreciation
	At 1 May 2024	-		629		629
	Charge for the year	-		466		466
	At 30 April 2025	-		1,095		1,095

	Net book value
	At 30 April 2025	335,367		303		335,670
	At 30 April 2024	313,769		769		314,538


5	Debtors			2025		2024
£					£

	Prepayments			671		618


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Accruals			2,915		2,853
	Corporation tax			3,109		2,824
	Other creditors			145,129		158,864
				151,153		164,541


7	Revaluation reserve			2025		2024
£					£

	Gain on revaluation of land and buildings			21,598		-
	Deferred taxation arising on the revaluation of land and buildings			(4,104)		-

	At 30 April 2025			17,494		-


8	Other information

	VMK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	35 Skinners Lane
	Ashtead
	KT21 2NN