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REGISTERED NUMBER: 09036270 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

VULPINE LTD

VULPINE LTD (REGISTERED NUMBER: 09036270)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 3


VULPINE LTD (REGISTERED NUMBER: 09036270)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 50,776 5,802

Current assets
Debtors 5 49,287 20,213
Cash at bank 35,439 59,975
84,726 80,188
Creditors
Amounts falling due within one year 6 50,368 38,780
Net current assets 34,358 41,408
Total assets less current liabilities 85,134 47,210

Creditors
Amounts falling due after more than one year 7 (24,784 ) -

Provisions for liabilities 9 (10,825 ) (1,102 )
Net assets 49,525 46,108

Capital and reserves
Called up share capital 10 100 100
Retained earnings 49,425 46,008
Shareholders' funds 49,525 46,108

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

VULPINE LTD (REGISTERED NUMBER: 09036270)

BALANCE SHEET - continued
31 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:




Mr I J Bird - Director



Mrs S Bird - Director


VULPINE LTD (REGISTERED NUMBER: 09036270)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Vulpine Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09036270. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is 14 Haydon Hill Close, Charminster, Dorchester, DT2 9WP.

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
Turnover represents amounts receivable in respect of security services provided, net of value added tax and is recognised once the service or items have been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

VULPINE LTD (REGISTERED NUMBER: 09036270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 2,051 7,324 - 6,071 15,446
Additions 9,799 - 48,030 4,898 62,727
Disposals (258 ) (2,613 ) - (948 ) (3,819 )
At 31 March 2024 11,592 4,711 48,030 10,021 74,354
Depreciation
At 1 April 2023 1,221 5,708 - 2,715 9,644
Charge for year 2,636 334 12,007 2,186 17,163
Eliminated on disposal (176 ) (2,331 ) - (722 ) (3,229 )
At 31 March 2024 3,681 3,711 12,007 4,179 23,578
Net book value
At 31 March 2024 7,911 1,000 36,023 5,842 50,776
At 31 March 2023 830 1,616 - 3,356 5,802

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Additions 48,030
At 31 March 2024 48,030
Depreciation
Charge for year 12,007
At 31 March 2024 12,007
Net book value
At 31 March 2024 36,023

VULPINE LTD (REGISTERED NUMBER: 09036270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 49,287 12,000
Directors' current accounts - 8,213
49,287 20,213

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 12,338 -
Trade creditors 14 275
Tax 15,419 25,033
VAT 19,982 11,971
Directors' current accounts 964 -
Accruals and deferred income 1,651 1,501
50,368 38,780

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 24,784 -

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 37,122 -

Amounts owing under hire purchase agreements are secured against the assets to which they relate.

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 10,825 1,102

Deferred
tax
£   
Balance at 1 April 2023 1,102
Provided during year 9,723
Balance at 31 March 2024 10,825

VULPINE LTD (REGISTERED NUMBER: 09036270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr I J Bird and Mrs S Bird
Balance outstanding at start of year 8,213 -
Amounts advanced - 8,213
Amounts repaid (8,213 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,213

12. Ultimate controlling party

The company is controlled by the directors, who hold 100% of the issued share capital.