VPS Trading Ltd SC604192 retail industrial equipment false 1 September 2023 SC604192 2023-09-01 2024-08-31 SC604192 2023-08-31 SC604192 2024-08-31 SC604192 2022-09-01 2023-08-31 SC604192 2022-08-31 SC604192 2023-08-31 SC604192 frs102-bus:FRS102 2023-09-01 2024-08-31 SC604192 frs102-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC604192 frs102-bus:FullAccounts 2023-09-01 2024-08-31 SC604192 frs102-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC604192 frs102-core:CurrentFinancialInstruments 2024-08-31 SC604192 frs102-core:CurrentFinancialInstruments 2023-08-31 SC604192 frs102-core:Non-currentFinancialInstruments 2024-08-31 SC604192 frs102-core:Non-currentFinancialInstruments 2023-08-31 SC604192 frs102-core:ShareCapital 2024-08-31 SC604192 frs102-core:ShareCapital 2023-08-31 SC604192 frs102-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC604192 frs102-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC604192 frs102-bus:Director1 2023-09-01 2024-08-31 SC604192 frs102-core:ComputerEquipment 2023-09-01 2024-08-31 SC604192 frs102-core:FurnitureFittings 2023-09-01 2024-08-31 SC604192 frs102-core:OfficeEquipment 2023-09-01 2024-08-31 SC604192 frs102-core:PlantMachinery 2023-09-01 2024-08-31 SC604192 frs102-core:ComputerEquipment 2023-08-31 SC604192 frs102-core:FurnitureFittings 2023-08-31 SC604192 frs102-core:OfficeEquipment 2023-08-31 SC604192 frs102-core:PlantMachinery 2023-08-31 SC604192 frs102-core:ComputerEquipment 2024-08-31 SC604192 frs102-core:FurnitureFittings 2024-08-31 SC604192 frs102-core:OfficeEquipment 2024-08-31 SC604192 frs102-core:PlantMachinery 2024-08-31 SC604192 frs102-core:ComputerEquipment 2023-08-31 SC604192 frs102-core:FurnitureFittings 2023-08-31 SC604192 frs102-core:OfficeEquipment 2023-08-31 SC604192 frs102-core:PlantMachinery 2023-08-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
SC604192
VPS Trading Ltd
Unaudited Accounts
for the year ended
31 August 2024
VPS Trading Ltd
Balance Sheet
as at 31 August 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 30,146 36,260
30,146 36,260
Current assets
Stocks 367,351 335,479
Debtors 4 10,175 9,786
Cash at bank and in hand 44,125 39,330
421,651 384,595
Creditors: amounts falling due within one year 5 (341,695) (267,391)
Net current assets / (liabilities) 79,956 117,204
Total assets less current liabilities 110,102 153,464
Creditors: amounts falling due after more than one year 6 (6,671) (20,247)
Provisions for liabilities (5,726) (0)
Total net assets (liabilities) 97,705 133,217
Capital and reserves
Called up share capital 10,010 10,010
Profit and loss account 87,695 123,207
Shareholders' funds 97,705 133,217

VPS Trading Ltd
Balance Sheet
as at 31 August 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 August 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr G Riddell

Director


Approved by the board on 10 February 2025

Company Number: SC604192 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

Unit 30 Westfield North Industrial Estate Grayshill Road
Cumbernauld
Glasgow
G68 9HQ
Scotland

VPS Trading Ltd
Notes to the Accounts
for the year ended 31 August 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Office equipment 20% Reducing Balance
Plant & machinery 20% Reducing Balance
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.
2. Employees
2024 2023
Average number of employees during the period 5 7

3. Tangible fixed assets
Computer equipment Fixtures & Fittings Office equipment Plant & machinery Total
Cost or valuation £ £ £ £ £
At 1 September 2023 5,233 23,948 1,250 31,651 62,082
Additions 1,225 0 0 0 1,225
At 31 August 2024 6,458 23,948 1,250 31,651 63,307
Depreciation
At 1 September 2023 2,693 10,679 840 11,610 25,822
Charge for the period 595 2,654 82 4,008 7,339
At 31 August 2024 3,288 13,333 922 15,618 33,161
Net book value
At 31 August 2024 3,170 10,615 328 16,033 30,146
At 31 August 2023 2,540 13,269 410 20,041 36,260

4. Debtors
2024 2023
£ £
Other debtors 10,175 9,786
10,175 9,786

5. Creditors: amounts falling due within one year
2024 2023
£ £
Bank Loans & Overdrafts 174,126 72,806
Trade creditors 97,209 104,549
Taxation & social security 68,801 86,047
Other creditors 1,559 3,989
341,695 267,391

6. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 6,671 20,247
6,671 20,247

7. Related party disclosures

During the period of accounts a transaction occurred between this company and a related party, Mr G Riddell. The relationship between the parties is Director. At the balance sheet date the company owed the related party £491 (2023 - £1,958).


Controlling party
Mr G Riddell is the ultimate controlling party.