VMS (FLEET MANAGEMENT) LIMITED

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. VMS (FLEET MANAGEMENT) LIMITED 2002-06-10 → present
2. GAG157 LIMITED 2002-05-21 → 2002-06-10

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MRT Accountants Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having considered all factors noted above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements. The directors have not identified any material uncertainties in respect of going concern thus they continue to adopt the going concern basis of accounting in preparing financial statements.”

Significant events

• “In April 2025 the business secured new invoice financing facilities for a 3-year term which increased the funding facilities available to the company to £5m from £3m, an increase which will support the business in achieving its future growth aspirations.”
• “During the year the company undertook a review of its fixed asset register in relation to motor vehicles. As a result of this review, it was identified that a number of vehicles which had been disposed of in prior periods had not been correctly removed from the fixed asset register due to legacy record-keeping issues. The correction has been treated as a prior year adjustment. Management has implemented additional procedures during the year to ensure that disposals of fixed assets are recorded promptly and accurately in the fixed asset register.”
• “During the year the directors reassessed the accounting treatment applied to certain operating lease arrangements in accordance with the requirements of Section 23 Revenue of FRS 102. Following this review, it was concluded that in these arrangements the Company acts as an agent rather than as principal, as the Company does not control the underlying leased assets and its role is limited to arranging the lease between the asset owner and the end customer. Accordingly, the Company has reclassified these amounts to a net basis in the profit and loss account. This change has been treated as a prior year adjustment.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.