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REGISTERED NUMBER: 07085862 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

V P N NETWORKS LIMITED

V P N NETWORKS LIMITED (REGISTERED NUMBER: 07085862)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


V P N NETWORKS LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr M J Hall



REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



REGISTERED NUMBER: 07085862 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Lloyds Bank Plc
Fountain Square
Hanley
Stoke on Trent
Staffordshire
ST1 1LE

V P N NETWORKS LIMITED (REGISTERED NUMBER: 07085862)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 203 271

CURRENT ASSETS
Debtors 5 5 5
Cash at bank 28,218 28,808
28,223 28,813
CREDITORS
Amounts falling due within one year 6 14,816 11,814
NET CURRENT ASSETS 13,407 16,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,610

17,270

CAPITAL AND RESERVES
Called up share capital 7 106 106
Retained earnings 13,504 17,164
SHAREHOLDERS' FUNDS 13,610 17,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2024 and were signed by:





Mr M J Hall - Director


V P N NETWORKS LIMITED (REGISTERED NUMBER: 07085862)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

V P N Networks 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2022
and 31 May 2023 7,351
DEPRECIATION
At 1 June 2022 7,080
Charge for year 68
At 31 May 2023 7,148
NET BOOK VALUE
At 31 May 2023 203
At 31 May 2022 271

V P N NETWORKS LIMITED (REGISTERED NUMBER: 07085862)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 5 5

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 1,506 (88 )
Other creditors 13,310 11,902
14,816 11,814

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
101 Ordinary £1 101 101
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
106 106

Each of these shares has full voting rights and full rights to receive a dividend.
The Ordinary B, Ordinary C, Ordinary D and Ordinary E shares have no right to participate in capital on the winding up or otherwise of the company.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Hall.