Company Registration No. 12905035 (England and Wales)
VP COMMERCE LIMITED
Unaudited accounts
for the year ended 31 March 2023
VP COMMERCE LIMITED
Unaudited accounts
Contents
VP COMMERCE LIMITED
Company Information
for the year ended 31 March 2023
Directors
Talha Valli
Bilal Patel
Company Number
12905035 (England and Wales)
Registered Office
UNIT 35 CARLINGHOW MILLS 501 BRADFORD RO
FIRST FLOOR
BATLEY
WF17 8LL
ENGLAND
VP COMMERCE LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
12,131
6,697
Cash at bank and in hand
169,997
359,246
Creditors: amounts falling due within one year
(776,122)
(160,169)
Net current assets
599,453
199,077
Net assets
611,584
205,774
Called up share capital
2
2
Profit and loss account
611,582
205,772
Shareholders' funds
611,584
205,774
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by
Talha Valli
Director
Company Registration No. 12905035
VP COMMERCE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
VP COMMERCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12905035. The registered office is UNIT 35 CARLINGHOW MILLS 501 BRADFORD RO, FIRST FLOOR, BATLEY, WF17 8LL, 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.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
4
Tangible fixed assets
Fixtures & fittings
VP COMMERCE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
58,333
5,404
Taxes and social security
95,613
46,697
Other creditors
283,680
1,280
Loans from directors
217,620
-
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).