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REGISTERED NUMBER: 08814008 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VP RECRUITMENT LTD

VP RECRUITMENT LTD (REGISTERED NUMBER: 08814008)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


VP RECRUITMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: K Vinney





REGISTERED OFFICE: Owlscombe
East Lounston
Bickington
Newton Abbot
Devon
TQ12 6LB





REGISTERED NUMBER: 08814008 (England and Wales)






VP RECRUITMENT LTD (REGISTERED NUMBER: 08814008)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 11,822
Tangible assets 5 2,453 3,372
2,453 15,194

CURRENT ASSETS
Debtors 6 329,078 356,018
Cash at bank 33,357 47,218
362,435 403,236
CREDITORS
Amounts falling due within one year 7 148,024 119,205
NET CURRENT ASSETS 214,411 284,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,864

299,225

CREDITORS
Amounts falling due after more than one
year

8

(27,595

)

(33,443

)

PROVISIONS FOR LIABILITIES (583 ) (793 )
NET ASSETS 188,686 264,989

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 188,684 264,987
SHAREHOLDERS' FUNDS 188,686 264,989

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

VP RECRUITMENT LTD (REGISTERED NUMBER: 08814008)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 April 2025 and were signed by:





K Vinney - Director


VP RECRUITMENT LTD (REGISTERED NUMBER: 08814008)

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

1. STATUTORY INFORMATION

VP Recruitment Ltd 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.

Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

VP RECRUITMENT LTD (REGISTERED NUMBER: 08814008)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 128,997
AMORTISATION
At 1 January 2024 117,175
Amortisation for year 11,822
At 31 December 2024 128,997
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 11,822

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 12,682
Additions 422
At 31 December 2024 13,104
DEPRECIATION
At 1 January 2024 9,310
Charge for year 1,341
At 31 December 2024 10,651
NET BOOK VALUE
At 31 December 2024 2,453
At 31 December 2023 3,372

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 4,266 13,311
Debtors factored 10,598 26,463
Other debtors 43,119 33,826
Other debtors 271,095 282,418
329,078 356,018

VP RECRUITMENT LTD (REGISTERED NUMBER: 08814008)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 5,849 6,551
Trade creditors (1,418 ) 3,101
Taxation and social security 110,237 98,534
Other creditors 33,356 11,019
148,024 119,205

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 27,595 33,443

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,681 9,144

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 16,180 2,271
Between one and five years 20,225 -
36,405 2,271

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

VP RECRUITMENT LTD (REGISTERED NUMBER: 08814008)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
K Vinney
Balance outstanding at start of year 282,418 103,560
Amounts advanced 180,913 182,858
Amounts repaid (192,236 ) (4,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 271,095 282,418

The loan is subject to interest at the official rate, unsecured and repayable on demand.