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REGISTERED NUMBER: 05122405 (England and Wales)














Financial Statements for the Year Ended 31 July 2023

for

V.i.p. Electrical Limited

V.i.p. Electrical Limited (Registered number: 05122405)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


V.i.p. Electrical Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr V Patten
Mrs K Patten





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 05122405 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

V.i.p. Electrical Limited (Registered number: 05122405)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,985 5,747

CURRENT ASSETS
Debtors 5 9,596 3,648
Cash at bank 21,942 25,933
31,538 29,581
CREDITORS
Amounts falling due within one year 6 29,428 27,557
NET CURRENT ASSETS 2,110 2,024
TOTAL ASSETS LESS CURRENT LIABILITIES 5,095 7,771

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 4,893 7,569
SHAREHOLDERS' FUNDS 5,095 7,771

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.

V.i.p. Electrical Limited (Registered number: 05122405)

Statement of Financial Position - continued
31 July 2023


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 18 April 2024 and were signed on its behalf by:




Mr V Patten - Director



Mrs K Patten - Director


V.i.p. Electrical Limited (Registered number: 05122405)

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

1. STATUTORY INFORMATION

V.i.p. Electrical 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
Revenue 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

V.i.p. Electrical Limited (Registered number: 05122405)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 5,976 7,277 6,133 19,386
Additions - 1,900 - 1,900
Disposals - (7,277 ) - (7,277 )
At 31 July 2023 5,976 1,900 6,133 14,009
DEPRECIATION
At 1 August 2022 5,662 3,568 4,409 13,639
Charge for year 47 475 431 953
Eliminated on disposal - (3,568 ) - (3,568 )
At 31 July 2023 5,709 475 4,840 11,024
NET BOOK VALUE
At 31 July 2023 267 1,425 1,293 2,985
At 31 July 2022 314 3,709 1,724 5,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 9,596 1,893
Other debtors - 1,755
9,596 3,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 35 659
Taxation and social security 2,965 3,581
Other creditors 26,428 23,317
29,428 27,557

7. RELATED PARTY DISCLOSURES

The Directors Mr V T Patten and Mrs K E Patten are considered to be the key management personnel.