Registered number
03836270
Vitpol Building Services Limited
Filleted Accounts
31 March 2024
Vitpol Building Services Limited
Registered number: 03836270
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 50,148 61,279
Current assets
Debtors 4 1,611,438 1,528,642
Investments held as current assets 5 130,239 116,314
Cash at bank and in hand 738,511 576,286
2,480,188 2,221,242
Creditors: amounts falling due within one year 6 (1,246,869) (943,207)
Net current assets 1,233,319 1,278,035
Total assets less current liabilities 1,283,467 1,339,314
Creditors: amounts falling due after more than one year 7 - (2,298)
Provisions for liabilities (10,511) (11,643)
Net assets 1,272,956 1,325,373
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,272,856 1,325,273
Shareholders' funds 1,272,956 1,325,373
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Szamfeber
Director
Approved by the board on 15 November 2024
Vitpol Building Services Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts 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 (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 10% on cost
Plant and machinery 25% per annum on reducing cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 17
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 70,797 373,599 215,133 659,529
Additions - 5,585 - 5,585
At 31 March 2024 70,797 379,184 215,133 665,114
Depreciation
At 1 April 2023 70,796 351,256 176,198 598,250
Charge for the year - 6,982 9,734 16,716
At 31 March 2024 70,796 358,238 185,932 614,966
Net book value
At 31 March 2024 1 20,946 29,201 50,148
At 31 March 2023 1 22,343 38,935 61,279
4 Debtors 2024 2023
£ £
Trade debtors 1,489,169 1,419,590
Other debtors 122,269 109,052
1,611,438 1,528,642
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 130,239 116,314
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 11,576 (431)
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,298 10,708
Trade creditors 748,365 545,331
Taxation and social security costs 334,413 169,137
Other creditors 161,793 218,031
1,246,869 943,207
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 2,298
8 Other information
Vitpol Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
56 Priory Gardens
Ealing
London
W5 1DY
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