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Registered Number: 04717719
England and Wales

 

 

 

VP EPOCH LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VP Epoch Limited for the year ended 30 September 2024 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of VP Epoch Limited, as a body, in accordance with the terms of our engagement letter dated 01 October 2011. Our work has been undertaken solely to prepare for your approval the financial statements of VP Epoch Limited and state those matters that we have agreed to state to the Board of Directors of VP Epoch Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VP Epoch Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that VP Epoch Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and Profit of VP Epoch Limited. You consider that VP Epoch Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of VP Epoch Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
11 April 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 6,219    7,664 
6,219    7,664 
Current assets      
Stocks 4 8,001    8,043 
Debtors: amounts falling due within one year 5 46,381    41,250 
Cash at bank and in hand 250,700    306,794 
305,082    356,087 
Creditors: amount falling due within one year 6 (240,564)   (253,341)
Net current assets 64,518    102,746 
 
Total assets less current liabilities 70,737    110,410 
Provisions for liabilities 7 (674)   (898)
Net assets 70,063    109,512 
 

Capital and reserves
     
Called up share capital 8 103    103 
Profit and loss account 69,960    109,409 
Shareholders' funds 70,063    109,512 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 10 April 2025 and were signed by:


-------------------------------
Vincent Duong
Director
2
General Information
VP Epoch Limited is a private company, limited by shares, registered in England and Wales, registration number 04717719, registration address 104-106 Streatham High Road, Streatham, SW16 1BW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stock
Stock is valued at the lower of cost and net realisable value.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 20 Years Straight Line
Plant and Machinery 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 18 (2023 : 17).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 October 2023 74,906    100,128    3,762    178,796 
Additions     623    623 
Disposals      
At 30 September 2024 74,906    100,128    4,385    179,419 
Depreciation
At 01 October 2023 74,906    95,636    590    171,132 
Charge for year   1,123    945    2,068 
On disposals      
At 30 September 2024 74,906    96,759    1,535    173,200 
Net book values
Closing balance as at 30 September 2024   3,369    2,850    6,219 
Opening balance as at 01 October 2023   4,492    3,172    7,664 


4.

Stocks

2024
£
  2023
£
Stocks 8,001    8,043 
8,001    8,043 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 21,381    16,250 
Other Debtors 25,000    25,000 
46,381    41,250 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 21,839    22,812 
Corporation Tax 5,299    11,152 
PAYE & Social Security 8,463    10,350 
Accrued Expenses 122,497    152,398 
Wages & Salaries Control Account 29,885   
Directors' Current Accounts 848    2,318 
VAT 51,733    54,311 
240,564    253,341 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 674    898 
674    898 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
3 Class B shares of £1.00 each  
103    103 

9.

Deferred tax movement

Movements on the provision for deferred taxation are:   2023
£
  2022
£
Brought forward 1,001  682 
Transferred to profit and loss account (103) 319 
Carried forward 898  1,001 
3