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REGISTERED NUMBER: 07940645 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

VIP SECURITY (ESSEX) LIMITED

VIP SECURITY (ESSEX) LIMITED (REGISTERED NUMBER: 07940645)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIP SECURITY (ESSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: D J Hyde





REGISTERED OFFICE: Cambridge House
27 Cambridge Park
Wanstead
London
E11 2PU





REGISTERED NUMBER: 07940645 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Cambridge House
27 Cambridge Park
Wanstead
London
E11 2PU

VIP SECURITY (ESSEX) LIMITED (REGISTERED NUMBER: 07940645)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,933 16,373
Investments 5 370,000 30,000
404,933 46,373

CURRENT ASSETS
Debtors 6 573,120 555,910
Cash at bank and in hand 516,176 182,892
1,089,296 738,802
CREDITORS
Amounts falling due within one year 7 826,195 493,280
NET CURRENT ASSETS 263,101 245,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,034

291,895

CREDITORS
Amounts falling due after more than one
year

8

45,407

50,000
NET ASSETS 622,627 241,895

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 622,623 241,891
SHAREHOLDERS' FUNDS 622,627 241,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VIP SECURITY (ESSEX) LIMITED (REGISTERED NUMBER: 07940645)

BALANCE SHEET - continued
31 MARCH 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2022 and were signed by:





D J Hyde - Director


VIP SECURITY (ESSEX) LIMITED (REGISTERED NUMBER: 07940645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

VIP Security (Essex) Limited is a private company, limited by shares , registered in England and Wales. 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 66 (2021 - 56 ) .

VIP SECURITY (ESSEX) LIMITED (REGISTERED NUMBER: 07940645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 31,344
Additions 30,205
At 31 March 2022 61,549
DEPRECIATION
At 1 April 2021 14,971
Charge for year 11,645
At 31 March 2022 26,616
NET BOOK VALUE
At 31 March 2022 34,933
At 31 March 2021 16,373

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2021 30,000
Additions 340,000
At 31 March 2022 370,000
NET BOOK VALUE
At 31 March 2022 370,000
At 31 March 2021 30,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 573,120 555,910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 601,727 146,245
Tax 99,966 66,187
Social security and other taxes 23,650 18,370
VAT 93,811 247,478
Other creditors 5,041 -
Accruals and deferred income 2,000 15,000
826,195 493,280

VIP SECURITY (ESSEX) LIMITED (REGISTERED NUMBER: 07940645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other loans - 2-5 years 45,407 50,000