IRIS Accounts Production v24.1.0.578 12777348 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh127773482022-07-31127773482023-07-31127773482022-08-012023-07-31127773482021-07-31127773482021-08-012022-07-31127773482022-07-3112777348ns15:EnglandWales2022-08-012023-07-3112777348ns14:PoundSterling2022-08-012023-07-3112777348ns10:Director12022-08-012023-07-3112777348ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3112777348ns10:SmallEntities2022-08-012023-07-3112777348ns10:AuditExemptWithAccountantsReport2022-08-012023-07-3112777348ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3112777348ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3112777348ns10:FullAccounts2022-08-012023-07-3112777348ns10:OrdinaryShareClass12022-08-012023-07-3112777348ns10:OrdinaryShareClass22022-08-012023-07-3112777348ns10:OrdinaryShareClass32022-08-012023-07-3112777348ns10:Director22022-08-012023-07-3112777348ns10:RegisteredOffice2022-08-012023-07-3112777348ns5:CurrentFinancialInstruments2023-07-3112777348ns5:CurrentFinancialInstruments2022-07-3112777348ns5:ShareCapital2023-07-3112777348ns5:ShareCapital2022-07-3112777348ns5:RetainedEarningsAccumulatedLosses2023-07-3112777348ns5:RetainedEarningsAccumulatedLosses2022-07-3112777348ns5:PlantMachinery2022-08-012023-07-3112777348ns5:MotorVehicles2022-08-012023-07-3112777348ns5:PlantMachinery2022-07-3112777348ns5:MotorVehicles2022-07-3112777348ns5:PlantMachinery2023-07-3112777348ns5:MotorVehicles2023-07-3112777348ns5:PlantMachinery2022-07-3112777348ns5:MotorVehicles2022-07-3112777348ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3112777348ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3112777348ns10:OrdinaryShareClass12023-07-3112777348ns10:OrdinaryShareClass22023-07-3112777348ns10:OrdinaryShareClass32023-07-3112777348ns10:Director222022-07-3112777348ns10:Director222021-07-3112777348ns10:Director222022-08-012023-07-3112777348ns10:Director222021-08-012022-07-3112777348ns10:Director222023-07-3112777348ns10:Director222022-07-31
REGISTERED NUMBER: 12777348 (England and Wales)















VP Asphalt Services Ltd

Unaudited Financial Statements

for the year ended

31 July 2023






VP Asphalt Services Ltd (Registered number: 12777348)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

VP Asphalt Services Ltd

Company Information
for the year ended 31 July 2023







DIRECTORS: V Patel
Miss S Rout





REGISTERED OFFICE: Green Lane Barn Farm
Heath Road
Winfarthing
Diss
Norfolk
IP22 2EX





REGISTERED NUMBER: 12777348 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

VP Asphalt Services Ltd (Registered number: 12777348)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 20,242

CURRENT ASSETS
Debtors 5 8,133 22,509
Cash at bank 6,028 9,608
14,161 32,117
CREDITORS
Amounts falling due within one year 6 (14,059 ) (45,623 )
NET CURRENT ASSETS/(LIABILITIES) 102 (13,506 )
TOTAL ASSETS LESS CURRENT LIABILITIES 102 6,736

PROVISIONS FOR LIABILITIES - (3,846 )
NET ASSETS 102 2,890

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings - 2,788
SHAREHOLDERS' FUNDS 102 2,890

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





Miss S Rout - Director


VP Asphalt Services Ltd (Registered number: 12777348)

Notes to the Financial Statements
for the year ended 31 July 2023


1. STATUTORY INFORMATION

VP Asphalt Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 2 ) .

VP Asphalt Services Ltd (Registered number: 12777348)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 2,942 25,916 28,858
Additions 2,476 - 2,476
Disposals (5,418 ) (25,916 ) (31,334 )
At 31 July 2023 - - -
DEPRECIATION
At 1 August 2022 1,054 7,562 8,616
Eliminated on disposal (1,054 ) (7,562 ) (8,616 )
At 31 July 2023 - - -
NET BOOK VALUE
At 31 July 2023 - - -
At 31 July 2022 1,888 18,354 20,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 21,316
Other debtors 8,133 1,193
8,133 22,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37 8,094
Taxation and social security 12,847 15,213
Other creditors 1,175 22,316
14,059 45,623

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
102 102

VP Asphalt Services Ltd (Registered number: 12777348)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
V Patel
Balance outstanding at start of year (20,760 ) (32,230 )
Amounts advanced 28,871 11,470
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,111 (20,760 )

The director had an interest free loan which is repayable on demand.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
VP Asphalt Services Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VP Asphalt Services Ltd for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of VP Asphalt Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of VP Asphalt Services Ltd and state those matters that we have agreed to state to the Board of Directors of VP Asphalt Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VP Asphalt Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that VP Asphalt Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of VP Asphalt Services Ltd. You consider that VP Asphalt Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of VP Asphalt Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................