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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
Page
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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
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VP COMMERCE LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,131 
6,697 
Current assets
Inventories
343,226 
- 
Debtors
862,352 
- 
Cash at bank and in hand
169,997 
359,246 
1,375,575 
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 
Capital and reserves
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
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VP COMMERCE LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 April 2022
8,371 
Additions
8,467 
At 31 March 2023
16,838 
Depreciation
At 1 April 2022
1,674 
Charge for the year
3,033 
At 31 March 2023
4,707 
Net book value
At 31 March 2023
12,131 
At 31 March 2022
6,697 
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VP COMMERCE LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
100,000 
- 
Other debtors
762,352 
- 
862,352 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
120,876 
106,788 
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 
- 
776,122 
160,169 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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