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REGISTERED NUMBER: 06556103 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

VIPA MANAGEMENT SOLUTIONS LIMITED

VIPA MANAGEMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06556103)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIPA MANAGEMENT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J Nicholls
Mrs I Nicholls





SECRETARY: Mrs I Nicholls





REGISTERED OFFICE: Ingleborough Mill
Mill Road
West Walton
Wisbech
PE14 7EU





REGISTERED NUMBER: 06556103 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

VIPA MANAGEMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06556103)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 846 807

CURRENT ASSETS
Debtors 5 116,545 129,426
Cash at bank 22,749 24,250
139,294 153,676
CREDITORS
Amounts falling due within one year 6 54,823 88,179
NET CURRENT ASSETS 84,471 65,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,317

66,304

PROVISIONS FOR LIABILITIES 200 170
NET ASSETS 85,117 66,134

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 85,115 66,132
SHAREHOLDERS' FUNDS 85,117 66,134

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

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

VIPA MANAGEMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06556103)

BALANCE SHEET - continued
31 JULY 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





J Nicholls - Director


VIPA MANAGEMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06556103)

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

1. STATUTORY INFORMATION

VIPA Management Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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.
Computer equipment - 33% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

VIPA MANAGEMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06556103)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023 7,995
Additions 723
Disposals (4,706 )
At 31 July 2024 4,012
DEPRECIATION
At 1 August 2023 7,188
Charge for year 684
Eliminated on disposal (4,706 )
At 31 July 2024 3,166
NET BOOK VALUE
At 31 July 2024 846
At 31 July 2023 807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 12,158 19,903
Other debtors 104,387 109,523
116,545 129,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 97 92
Taxation and social security 27,307 67,528
Other creditors 27,419 20,559
54,823 88,179

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.24 31.7.23
£    £   
J Nicholls and Mrs I Nicholls
Balance outstanding at start of year 109,523 139,527
Amounts advanced 110,487 189,689
Amounts repaid (115,623 ) (219,693 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 104,387 109,523

VIPA MANAGEMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06556103)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

During the period interest was charged on overdrawn directors' loan accounts at 2.25%. Total interest charged amounted to £3,198 (2023 - £3,379).