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REGISTERED NUMBER: 02095600 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2024

for

VP-AV Limited

VP-AV Limited (Registered number: 02095600)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VP-AV Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: I R Steele
B Snow
E Jones





REGISTERED OFFICE: Innovation House
Alexander Bell Centre
Hopkinson Way
Andover
Hampshire
SP10 3UR





REGISTERED NUMBER: 02095600 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

VP-AV Limited (Registered number: 02095600)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 66,182 117,141
66,182 117,141

CURRENT ASSETS
Stocks 524,542 1,216,438
Debtors 6 661,337 719,521
Cash at bank and in hand 1,838,478 589,900
3,024,357 2,525,859
CREDITORS
Amounts falling due within one year 7 990,127 986,828
NET CURRENT ASSETS 2,034,230 1,539,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,100,412

1,656,172

CAPITAL AND RESERVES
Called up share capital 170,000 170,000
Share premium 31,000 31,000
Retained earnings 1,899,412 1,455,172
SHAREHOLDERS' FUNDS 2,100,412 1,656,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VP-AV Limited (Registered number: 02095600)

Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2024 and were signed on its behalf by:





I R Steele - Director


VP-AV Limited (Registered number: 02095600)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

VP-AV Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover represents sales of goods and services, excluding value added tax, all of which are made in the UK.

Revenue relating to the installation of systems is recognised on completion and approval of the installation by the customer. Amounts invoiced to customers in advance of installation being completed are shown within deferred income in the balance sheet.

The company's accounting policy for the recognition of service contract income is to recognise income over the period to which the contract relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 15% on cost

Stocks
Stocks of finished goods are valued at the lower of cost and net realisable value. Work in progress is valued at the lower of cost and net realisable value and represents components delivered to customers pending installation.

Spares stock held to fulfil the requirements of contracts is written off over the maintenance period of the contract.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


VP-AV Limited (Registered number: 02095600)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 30,000
AMORTISATION
At 1st April 2023
and 31st March 2024 30,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 466,654
DEPRECIATION
At 1st April 2023 349,513
Charge for year 50,959
At 31st March 2024 400,472
NET BOOK VALUE
At 31st March 2024 66,182
At 31st March 2023 117,141

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 389,809 440,060
Amounts owed by group undertakings 232,416 232,416
Other debtors 39,112 47,045
661,337 719,521

VP-AV Limited (Registered number: 02095600)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 113,601 282,639
Tax 132,838 44,351
Social security and other taxes 74,809 89,455
VAT 183,911 104,122
Other creditors 7,962 5,966
Deferred income 246,756 138,909
Accrued expenses 230,250 321,386
990,127 986,828

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I R Steele.

The company is under the control Iain Steele, by virtue of his majority shareholding in the parent company, VPGZ Ltd.