VMG Technology Masts & Marine Systems Ltd. - Period Ending 2023-01-31

VMG Technology Masts & Marine Systems Ltd.

Contents

Company Information	1
Statement of Directors' Responsibilities	2
Accountants' Report	3
Balance Sheet	4 to 5
Notes to the Unaudited Financial Statements	5

VMG Technology Masts & Marine Systems Ltd.

Company Information

Directors

Mr Cameron William Davis Mr Glyn Antony Sheffield

Registered office

Shamrock Quay William Street Southampton SO14 5QL

Accountants

KAH Services Ltd Liverpool Merseyside L23 0SA

VMG Technology Masts & Marine Systems Ltd.

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and are in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
VMG Technology Masts & Marine Systems Ltd.
for the Year Ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VMG Technology Masts & Marine Systems Ltd. for the year ended 31 January 2023 as set out on pages 4 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements. These are based on the principles approved by IFAC.

This report is made solely to the Board of Directors of VMG Technology Masts & Marine Systems Ltd., as a body, in accordance with the terms of our engagement letter dated 19th July 2022. Our work has been undertaken solely to prepare for your approval the accounts of VMG Technology Masts & Marine Systems Ltd. and state those matters that we have agreed to state to the Board of Directors of VMG Technology Masts & Marine Systems Ltd., as a body, in this report in accordance with the rules as laid down by CIMA. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VMG Technology Masts & Marine Systems Ltd. and its Board of Directors as a body for our work or for this report.

VMG Technology Masts & Marine Systems Ltd.

(Registration number: 11130426)
Balance Sheet as at 31 January 2023

	2023 £	2022 £
Fixed assets	4,745	4,729
Current assets	52,956	19,341
Prepayments and accrued income	2,945	23,242
Creditors: Amounts falling due within one year	(78,554)	(64,257)
Net current liabilities	(22,653)	(21,674)
Total assets less current liabilities	(17,908)	(16,945)
Creditors: Amounts falling due after more than one year	(22,177)	(25,374)
Accruals and deferred income	(6,251)	(8,750)
	(46,336)	(51,069)
Capital and reserves	(46,336)	(51,069)

VMG Technology Masts & Marine Systems Ltd.

(Registration number: 11130426)
Balance Sheet as at 31 January 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Shamrock Quay
William Street
Southampton
SO14 5QL
England

These financial statements were authorised for issue by the Board on 25 October 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 4).

For the financial year ending 31 January 2023 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 25 October 2023 and signed on its behalf by:
 

......................................... Mr Cameron William Davis Director