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Company Registration No. 10299722 (England and Wales)
VIP TAILORS UK LTD Unaudited accounts for the year ended 31 December 2023
VIP TAILORS UK LTD Unaudited accounts Contents
Page
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VIP TAILORS UK LTD Company Information for the year ended 31 December 2023
Director
Mohammed Rahim Habibi
Company Number
10299722 (England and Wales)
Registered Office
33 MARYLEBONE LANE LONDON W1U 2NJ ENGLAND
Accountants
SAMI & CO ACCOUNTANTS 48 BILTON ROAD PERIVALE MIDDLESEX UB6 7DH
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VIP TAILORS UK LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,639 
4,554 
Current assets
Debtors
15,000 
- 
Cash at bank and in hand
32,503 
27,073 
47,503 
27,073 
Creditors: amounts falling due within one year
- 
(10,467)
Net current assets
47,503 
16,606 
Total assets less current liabilities
51,142 
21,160 
Creditors: amounts falling due after more than one year
(31,020)
- 
Net assets
20,122 
21,160 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
19,122 
20,160 
Shareholders' funds
20,122 
21,160 
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.
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 26 September 2024 and were signed on its behalf by
Mohammed Rahim Habibi Director Company Registration No. 10299722
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VIP TAILORS UK LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
VIP TAILORS UK LTD is a private company, limited by shares, registered in England and Wales, registration number 10299722. The registered office is 33 MARYLEBONE LANE, LONDON, W1U 2NJ, 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
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
14,020 
At 31 December 2023
14,020 
Depreciation
At 1 January 2023
9,466 
Charge for the year
915 
At 31 December 2023
10,381 
Net book value
At 31 December 2023
3,639 
At 31 December 2022
4,554 
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VIP TAILORS UK LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
15,000 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
3,397 
Loans from directors
- 
7,070 
- 
10,467 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,231 
- 
Taxes and social security
6,789 
- 
31,020 
- 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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