Company Registration No. 09913137 (England and Wales)
VIP Matchdays Ltd
Unaudited accounts
for the year ended 31 December 2021
VIP Matchdays Ltd
Unaudited accounts
Contents
VIP Matchdays Ltd
Company Information
for the year ended 31 December 2021
Company Number
09913137 (England and Wales)
Registered Office
2 Exeter Street
New Village Road
Cottingham
HU16 4LU
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
VIP Matchdays Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
4,985
3,320
Cash at bank and in hand
35,382
28,128
Creditors: amounts falling due within one year
(105,548)
(95,125)
Net current assets
34,245
23,392
Total assets less current liabilities
39,230
26,712
Creditors: amounts falling due after more than one year
(44,583)
(50,000)
Provisions for liabilities
Net liabilities
(6,195)
(23,288)
Called up share capital
100
100
Profit and loss account
(6,295)
(23,388)
Shareholders' funds
(6,195)
(23,288)
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 September 2022 and were signed on its behalf by
Ms L C Miller
Director
Company Registration No. 09913137
VIP Matchdays Ltd
Notes to the Accounts
for the year ended 31 December 2021
VIP Matchdays Ltd is a private company, limited by shares, registered in England and Wales, registration number 09913137. The registered office is 2 Exeter Street , New Village Road, Cottingham, HU16 4LU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Cost
Fixtures & fittings
25% Cost
Computer equipment
25% Cost
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
VIP Matchdays Ltd
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2021
440
-
549
4,437
5,426
Additions
-
1,900
890
643
3,433
At 31 December 2021
440
1,900
1,439
5,080
8,859
At 1 January 2021
318
-
320
1,468
2,106
Charge for the year
110
222
212
1,224
1,768
At 31 December 2021
428
222
532
2,692
3,874
At 31 December 2021
12
1,678
907
2,388
4,985
At 31 December 2020
122
-
229
2,969
3,320
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
64,886
16,815
Amounts due from group undertakings etc.
15,718
16,706
Accrued income and prepayments
23,807
54,916
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
5,000
-
Trade creditors
15,788
52,002
Taxes and social security
6,152
1,476
Other creditors
4,721
3,192
Deferred income
53,637
38,375
7
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
VIP Matchdays Ltd
Notes to the Accounts
for the year ended 31 December 2021
9
Transactions with related parties
As at the year end 31st December 2021 the company Match Marketing UK Ltd owes the company VIP Matchdays Ltd £15,718. This amount is interest free and repayable on demand. (2020:£16,706)
10
Average number of employees
During the year the average number of employees was 3 (2020: 2).