2023-06-012024-05-312024-05-31false08542629VIPERTECH 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VIPERTECH LTD

Registered Number
08542629
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

VIPERTECH LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Mr George Robert Shepherd
Mr Scott Wright

Registered Address

9 Woburn Close
Market Deeping
Peterborough
PE6 8AY

Registered Number

08542629 (England and Wales)
VIPERTECH LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets320,0284,446
20,0284,446
Current assets
Stocks42,130,4311,770,463
Debtors583,57756,592
Cash at bank and on hand410,495543,388
2,624,5032,370,443
Creditors amounts falling due within one year6(438,075)(381,782)
Net current assets (liabilities)2,186,4281,988,661
Total assets less current liabilities2,206,4561,993,107
Net assets2,206,4561,993,107
Capital and reserves
Called up share capital100100
Profit and loss account2,206,3561,993,007
Shareholders' funds2,206,4561,993,107
The financial statements were approved and authorised for issue by the Board of Directors on 4 October 2024, and are signed on its behalf by:
Mr Scott Wright
Director
Registered Company No. 08542629
VIPERTECH LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Office Equipment5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 June 237,6505,09912,749
Additions18,7501,88220,632
At 31 May 2426,4006,98133,381
Depreciation and impairment
At 01 June 234,5903,7138,303
Charge for year4,3437075,050
At 31 May 248,9334,42013,353
Net book value
At 31 May 2417,4672,56120,028
At 31 May 233,0601,3864,446
4.Stocks

2024

2023

££
Finished goods2,130,4311,770,463
Total2,130,4311,770,463
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables66,03548,176
Other debtors6,7862,213
Prepayments and accrued income10,7566,203
Total83,57756,592
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables183,394105,019
Bank borrowings and overdrafts2,2373,939
Taxation and social security240,270267,837
Finance lease and HP contracts10,764-
Other creditors1,4104,987
Total438,075381,782