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Registered Number: 11262820
England and Wales

 

 

 

VIPAN LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 23,594    19,461 
23,594    19,461 
Current assets      
Debtors 4 195,762    45,483 
Cash at bank and in hand 24,620    34,058 
220,382    79,541 
Creditors: amount falling due within one year 5 (115,409)   (28,913)
Net current assets 104,973    50,628 
 
Total assets less current liabilities 128,567    70,089 
Creditors: amount falling due after more than one year 6 (44,477)   (42,790)
Accruals and deferred income (4,000)  
Net assets 80,090    27,299 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 80,089    27,298 
Shareholder's funds 80,090    27,299 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 15 October 2023 and were signed on its behalf by:


-------------------------------
Adriana Nica
Director
1
General Information
Vipan Ltd is a private company, limited by shares, registered in England and Wales, registration number 11262820, registration address 38 Elizabeth Avenue, Kirk Sandall , Doncaster, DN3 1QA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Straight Line
Fixtures and Fittings 20% Straight Line
Computer Equipment 20% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2022 19,500    130    2,250    21,880 
Additions 21,995        21,995 
Disposals (16,500)       (16,500)
At 31 March 2023 24,995    130    2,250    27,375 
Depreciation
At 01 April 2022 1,351    59    1,009    2,419 
Charge for year 3,604    21    377    4,002 
On disposals (2,640)       (2,640)
At 31 March 2023 2,315    80    1,386    3,781 
Net book values
Closing balance as at 31 March 2023 22,680    50    864    23,594 
Opening balance as at 01 April 2022 18,149    71    1,241    19,461 

The net book value of Motor Vehicles includes £ 21,031 in respect of assets leased under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 76,999    1,171 
Advance Received  
Corporation Tax   9,267 
PAYE & Social Security 37   
CIS Control Account 107,944    30,628 
VAT 10,782    4,417 
195,762    45,483 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 9,334   
CIS Payable 61,650    26,669 
Directors' Current Accounts 44,425    2,244 
115,409    28,913 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 32,503    42,790 
Obligations Under HP/Financial Leases 11,974   
44,477    42,790 

2