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Company Registration No. 08544073 (England and Wales)
VIP Garage Limited Unaudited accounts for the year ended 31 May 2024
VIP Garage Limited Unaudited accounts Contents
Page
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VIP Garage Limited Company Information for the year ended 31 May 2024
Director
Andzej Mileiko
Company Number
08544073 (England and Wales)
Registered Office
19 THE ARCHES LAWDEN ROAD BIRMINGHAM B10 0AB
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VIP Garage Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,229 
21,124 
Current assets
Cash at bank and in hand
13,853 
12,699 
Creditors: amounts falling due within one year
(15,284)
(10,023)
Net current (liabilities)/assets
(1,431)
2,676 
Total assets less current liabilities
13,798 
23,800 
Creditors: amounts falling due after more than one year
(27,805)
(42,908)
Net liabilities
(14,007)
(19,108)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(14,008)
(19,109)
Shareholders' funds
(14,007)
(19,108)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 January 2025 and were signed on its behalf by
Andzej Mileiko Director Company Registration No. 08544073
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VIP Garage Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
VIP Garage Limited is a private company, limited by shares, registered in England and Wales, registration number 08544073. The registered office is 19 THE ARCHES, LAWDEN ROAD, BIRMINGHAM, B10 0AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% p/a
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
29,474 
At 31 May 2024
29,474 
Depreciation
At 1 June 2023
8,350 
Charge for the year
5,895 
At 31 May 2024
14,245 
Net book value
At 31 May 2024
15,229 
At 31 May 2023
21,124 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
5,172 
9,513 
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VIP Garage Limited Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,200 
724 
Taxes and social security
2,389 
- 
Loans from directors
11,695 
9,299 
15,284 
10,023 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,633 
33,395 
Obligations under finance leases and hire purchase contracts
5,172 
9,513 
27,805 
42,908 
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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