1 January 2023 false No description of principal activity Taxfiler 2024.5 07884788business:PrivateLimitedCompanyLtd2023-01-012023-12-31 078847882022-12-31 078847882023-01-012023-12-31 07884788business:AuditExemptWithAccountantsReport2023-01-012023-12-31 07884788business:AbridgedAccounts2023-01-012023-12-31 078847882023-12-31 07884788business:Director12023-01-012023-12-31 07884788business:RegisteredOffice2023-01-012023-12-31 078847882022-12-31 07884788core:WithinOneYear2023-12-31 07884788core:WithinOneYear2022-12-31 07884788core:AfterOneYear2023-12-31 07884788core:AfterOneYear2022-12-31 07884788core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 07884788core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07884788core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 07884788core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07884788core:PreviouslyStatedAmount2023-12-31 07884788core:PreviouslyStatedAmount2022-12-31 07884788business:SmallEntities2023-01-012023-12-31 07884788countries:EnglandWales2023-01-012023-12-31 07884788core:FurnitureFittings2023-01-012023-12-31 07884788core:ComputerEquipment2023-01-012023-12-31 078847882022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07884788 (England and Wales)
Vehicle Integration Products Ltd Unaudited accounts for the year ended 31 December 2023
Vehicle Integration Products Ltd Unaudited accounts Contents
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Vehicle Integration Products Ltd Company Information for the year ended 31 December 2023
Director
Julian Harvey
Company Number
07884788 (England and Wales)
Registered Office
UNIT 18D KINGSWAY BUILDINGS BRIDGEND INDUSTRIAL ESTATE BRIDGEND CF31 3YH WALES
Accountants
Asem Din ACMA Hughes Isaac and Co 86 Newpor Road Caldicot NP26 4BR
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Vehicle Integration Products Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
116,398 
90,791 
Current assets
Inventories
40,216 
10,283 
Debtors
73,050 
210,798 
Cash at bank and in hand
315,885 
314,390 
429,151 
535,471 
Creditors: amounts falling due within one year
(188,548)
(206,250)
Net current assets
240,603 
329,221 
Total assets less current liabilities
357,001 
420,012 
Creditors: amounts falling due after more than one year
(12,604)
(66,117)
Net assets
344,397 
353,895 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
344,297 
353,795 
Shareholders' funds
344,397 
353,895 
For the year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 31 August 2024 and were signed on its behalf by
Julian Harvey Director Company Registration No. 07884788
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Vehicle Integration Products Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Vehicle Integration Products Ltd is a private company, limited by shares, registered in England and Wales, registration number 07884788. The registered office is UNIT 18D KINGSWAY BUILDINGS, BRIDGEND INDUSTRIAL ESTATE, BRIDGEND, CF31 3YH, WALES.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
178,827 
Additions
319,606 
Disposals
(292,904)
At 31 December 2023
205,529 
Depreciation
At 1 January 2023
88,036 
Charge for the year
36,600 
On disposals
(35,505)
At 31 December 2023
89,131 
Net book value
At 31 December 2023
116,398 
At 31 December 2022
90,791 
5
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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