Acorah Software Products - Accounts Production 15.0.600 false true false 9 September 2022 31 January 2024 31 January 2024 14348517 Mr Neil Ireland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14348517 2022-09-08 14348517 2024-01-31 14348517 2022-09-09 2024-01-31 14348517 frs-core:CurrentFinancialInstruments 2024-01-31 14348517 frs-core:FurnitureFittings 2024-01-31 14348517 frs-core:FurnitureFittings 2022-09-09 2024-01-31 14348517 frs-core:FurnitureFittings 2022-09-08 14348517 frs-core:PlantMachinery 2024-01-31 14348517 frs-core:PlantMachinery 2022-09-09 2024-01-31 14348517 frs-core:PlantMachinery 2022-09-08 14348517 frs-core:ShareCapital 2024-01-31 14348517 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14348517 frs-bus:PrivateLimitedCompanyLtd 2022-09-09 2024-01-31 14348517 frs-bus:FilletedAccounts 2022-09-09 2024-01-31 14348517 frs-bus:SmallEntities 2022-09-09 2024-01-31 14348517 frs-bus:AuditExempt-NoAccountantsReport 2022-09-09 2024-01-31 14348517 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-09 2024-01-31 14348517 frs-bus:Director1 2022-09-09 2024-01-31 14348517 frs-countries:EnglandWales 2022-09-09 2024-01-31
Registered number: 14348517
VIP Motorsport Limited
Financial Statements
For the Period 9 September 2022 to 31 January 2024
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14348517
31 January 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 8,164
8,164
CURRENT ASSETS
Debtors 5 155
Cash at bank and in hand 44
199
Creditors: Amounts Falling Due Within One Year 6 (12,113 )
NET CURRENT ASSETS (LIABILITIES) (11,914 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,750 )
NET LIABILITIES (3,750 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (3,751 )
SHAREHOLDERS' FUNDS (3,750)
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Neil Ireland
Director
06/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
VIP Motorsport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14348517 . The registered office is Unit 11 Stanney Mill Industrial Park, Dutton Green, Little Stanney, Chester, Cheshire, CH2 4SA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 9 September 2022 - - -
Additions 4,419 4,591 9,010
As at 31 January 2024 4,419 4,591 9,010
Depreciation
As at 9 September 2022 - - -
Provided during the period 552 294 846
As at 31 January 2024 552 294 846
Net Book Value
As at 31 January 2024 3,867 4,297 8,164
As at 9 September 2022 - - -
5. Debtors
31 January 2024
£
Due within one year
Other debtors 155
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
31 January 2024
£
Loan - Vehicle Improvement Products 11,202
Other creditors 911
12,113
7. Share Capital
31 January 2024
£
Allotted, Called up and fully paid 1
Page 3