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REGISTERED NUMBER: 09121776 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

V.I.P. BARS & EVENTS LIMITED

V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V.I.P. BARS & EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: B Bugar
D Bugar





REGISTERED OFFICE: Higham Mead
Chesham
Buckinghamshire
HP5 2AH





REGISTERED NUMBER: 09121776 (England and Wales)





ACCOUNTANTS: Cooper Hathaway Limited
Maple House
High Street
Potters Bar
Hertfordshire
EN6 5BS

V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £ £
FIXED ASSETS
Tangible assets 4 771,538 273,827

CURRENT ASSETS
Stocks 208,224 268,224
Debtors 5 343,180 183,955
Cash at bank and in hand 68,698 63,036
620,102 515,215
CREDITORS
Amounts falling due within one year 6 (451,875 ) (381,771 )
NET CURRENT ASSETS 168,227 133,444
TOTAL ASSETS LESS CURRENT LIABILITIES 939,765 407,271

CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium 60,000 60,000
Revaluation reserve 8 523,122 -
Retained earnings 356,543 347,171
SHAREHOLDERS' FUNDS 939,765 407,271

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

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

V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)

BALANCE SHEET - continued
31 JANUARY 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 31 October 2024 and were signed on its behalf by:




D Bugar - Director



B Bugar - Director


V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)

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

1. STATUTORY INFORMATION

V.I.P. BARS & EVENTS 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST OR VALUATION
At 1 February 2023 606,197
Additions 220,172
Revaluations 523,122
At 31 January 2024 1,349,491
DEPRECIATION
At 1 February 2023 332,370
Charge for year 245,583
At 31 January 2024 577,953
NET BOOK VALUE
At 31 January 2024 771,538
At 31 January 2023 273,827

Cost or valuation at 31 January 2024 is represented by:

**ERROR**
£

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 576,878
Additions 173,932
Revaluations 523,122
1,273,932

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
MOTOR VEHICLES

'COST' ACCOUNT TOTAL
Cost/valuation b/f 29,319
Additions 46,240
75,559

CLIENT SCREEN TOTAL = -


V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 67,571 45,535
Other debtors 275,609 138,420
343,180 183,955

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans and overdrafts 36,741 44,110
Trade creditors 20,324 28,059
Taxation and social security 76,791 27,575
Other creditors 318,019 282,027
451,875 381,771

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £ £
100 Ordinary 1 100 100

8. RESERVES
Revaluation
reserve
£
No description 523,122

At 31 January 2024 523,122