Registered number
13629183
(England & Wales)
ION VP LTD.
Directors' report and financial statements
30 September 2023
Address
C/O Law & Tax International Solutions
25 City Road
London
England
EC1Y 1AA
Registered number: 13629183
Directors' report
The director presents his report and the financial statements for the year ended 30.09.2023
Principal activities
The company's principal activity during the year under review was management consultancy activity
Directors
The following persons served as directors during the year:
Marko Sutic
Statement of Director's responsibilities
Director's responsibilities for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under the law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standarts and applicable law). The financial statements are required by law to give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that year.
In preparing these financial statements the directors are required to:
select suitable accounting policies and apply them consistently;
make judgments and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonble steps for the prevention and detection of fraud other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 26.09.2024 and signed on its behalf by:
Marko Sutic
Director
ION VP LTD.
Statement of comprehensive income
for the year ended 30.09.2023
Notes 2023 2022
USD USD
Turnover 14,903 373,099
Cost of sales (18,570) (415,353)
Gross profit/(loss) (3,667) (42,254)
Other operating income
Administrative expenses (15,075)
(3,667) (57,329)
Profit on ordinary activities before taxation (3,667) (57,329)
Tax on profit on ordinary activities
Profit for the financial year (3,667) (57,329)
"Notes" constitutes the corresponding entries in Detaild Income Statement
ION VP LTD.
Registered number: 13629183
Statement of financial position
as at 30.09.2023
Notes
2023 2022
USD USD
Current assets
Sundry creditors 2 138 138
Cash at bank and in hand 451 4,118
589 4,256
Creditors: amounts falling due within one year 3 (61,447) (61,447)
Net current assets (60,858) (57,191)
Total assets less current liabilities (60,858) (57,191)
Net assets (60,858) (57,191)
Capital and reserves
Called up share capital 4 138 138
Profit and loss account 5 (60,996) (57,329)
Shareholders' funds (60,858) (57,191)
a. For the year under review the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to the small companies regime.
b. The members have not required the company to obtain an audit of in accordance with section 476 of the Companies Act 2006.
c. The directors acknowledge their responsibilities under Companies Act 2006:
(1) Ensuring the company keeps accounting records which comply with Section 386; and
(2) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
d. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Marko Sutic
Director
Approved by the board on 26.09.2024
ION VP LTD.
Notes to the financial statements
for the year ended 30.09.2023
1 Accounting policies
Basis of preparation
The Financial Statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Debtors 2023 2022
USD USD
Trade debtors - -
Other debtors 138 138
138 138
3 Creditors: amounts falling due within one year 2023 2022
USD USD
Trade creditors (46,447) (46,447)
Other creditors (15,000) (15,000)
(61,447) (61,447)
4 Share capital Nominal 2023 2023 2022
value Number USD USD
Allotted, called up and fully paid:
Ordinary shares GBP 1.00 each 100 138 138
5 Profit and loss account 2023 2022
USD USD
Balance brought forward (57,329) -
Profit for the year (3,667) (57,329)
Balance carried forward (60,996) (57,329)
6 Average number of employees 0
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