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Registered number: 08693054

V.I.P. Italy Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024

Prepared By:
Barlow Associates
Accountants
30 Boundary Road
Hove
East Sussex
BN3 4EF

V.I.P. Italy Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
DIRECTORS
R Donnarumma
F Amodio
REGISTERED OFFICE
COMPANY DETAILS
Private company limited by shares registered in , registered number 08693054
ACCOUNTANTS
Barlow Associates
Accountants
30 Boundary Road
Hove
East Sussex
BN3 4EF

V.I.P. Italy Ltd

ACCOUNTS
FOR THEYEARENDED30/09/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

V.I.P. Italy Ltd

BALANCE SHEET AT 30/09/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3609,365846,148
CURRENT ASSETS
Stock175,000150,000
Debtors555,26537,805
Cash at bank and in hand709,157711,441
939,422899,246
CREDITORS: Amounts falling due within one year6249,634367,507
NET CURRENT ASSETS689,788531,739
TOTAL ASSETS LESS CURRENT LIABILITIES1,299,1531,377,887
PROVISIONS FOR LIABILITIES AND CHARGES726,53533,230
NET ASSETS1,272,6181,344,657
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account1,272,6161,344,655
SHAREHOLDERS' FUNDS1,272,6181,344,657
For the year ending 30/09/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/06/2025 and signed on their behalf by
.............................
R Donnarumma
Director

V.I.P. Italy Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

V.I.P. Italy Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees5750
3. TANGIBLE FIXED ASSETS
Land AndLong LeaseholdCommercial
BuildingsPropertiesVehiclesEquipmentTotal
£££££
Cost
At 01/10/2023704,8968,33020,790357,2331,091,249
Disposals(210,000)---(210,000)
At 30/09/2024494,8968,33020,790357,233881,249
Depreciation
At 01/10/2023--16,812228,289245,101
For the year--99525,78826,783
At 30/09/2024--17,807254,077271,884
Net Book Amounts
At 30/09/2024494,8968,3302,983103,156609,365
At 30/09/2023704,8968,3303,978128,944846,148
4. STOCK 20242023
££
Stock comprises:
Stock175,000150,000
175,000150,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors42,16523,505
Other debtors13,10014,300
55,26537,805

V.I.P. Italy Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax12,85179,116
VAT90,870101,704
PAYE control23,07632,622
Credit card2,7422,574
Trade creditors120,095144,254
Other creditors-7,237
249,634367,507
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation26,53533,230
26,53533,230
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each2
22