Company Registration No. 14470322 (England and Wales)
V.i.p. Cars Ltd
Unaudited accounts
for the year ended 30 November 2024
V.i.p. Cars Ltd
Unaudited accounts
Contents
V.i.p. Cars Ltd
Company Information
for the year ended 30 November 2024
Director
Vasile-Vladut Calugareanu
Company Number
14470322 (England and Wales)
Registered Office
5 Westside
London
London
NW4 4XD
England
Accountants
CMA Group Limited
Maylands Business Centre
Redbourn Road
Hemel Hempstead
England
HP2 7ES
V.i.p. Cars Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
92,255
40,936
Cash at bank and in hand
1,629
821
Creditors: amounts falling due within one year
7,245
(39,967)
Net current assets/(liabilities)
17,017
(39,146)
Total assets less current liabilities
109,272
1,790
Creditors: amounts falling due after more than one year
(53,359)
-
Called up share capital
100
100
Profit and loss account
55,813
1,690
Shareholders' funds
55,913
1,790
For the year ending 30 November 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 16 December 2024 and were signed on its behalf by
Vasile-Vladut Calugareanu
Director
Company Registration No. 14470322
V.i.p. Cars Ltd
Notes to the Accounts
for the year ended 30 November 2024
V.i.p. Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 14470322. The registered office is 5 Westside, London, London, NW4 4XD, England.
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.
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 8 November 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Reducing Balance 15%
4
Tangible fixed assets
Motor vehicles
At 30 November 2024
122,966
Charge for the year
17,065
At 30 November 2024
30,711
At 30 November 2024
92,255
At 30 November 2023
40,936
V.i.p. Cars Ltd
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
16,578
Taxes and social security
-
397
Loans from directors
(10,000)
22,992
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
53,359
-
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).