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REGISTERED NUMBER: 07889731 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024

FOR

VP CONSTRUCTION LTD

VP CONSTRUCTION LTD (REGISTERED NUMBER: 07889731)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VP CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: V F Clifford
U Omurca





REGISTERED OFFICE: 225 London Road
Burgess Hill
West Sussex
RH15 9QU





REGISTERED NUMBER: 07889731 (England and Wales)





ACCOUNTANTS: Peter Lawson & Co.
225 London Road
Burgess Hill
West Sussex
RH15 9QU

VP CONSTRUCTION LTD (REGISTERED NUMBER: 07889731)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,142 2,856

CURRENT ASSETS
Stocks 1,079,857 1,079,857
Debtors 5 (39,701 ) (69,619 )
Cash at bank 2,130 32,804
1,042,286 1,043,042
CREDITORS
Amounts falling due within one year 6 917,078 943,595
NET CURRENT ASSETS 125,208 99,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,350

102,303

PROVISIONS FOR LIABILITIES 407 543
NET ASSETS 126,943 101,760

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 126,743 101,560
SHAREHOLDERS' FUNDS 126,943 101,760

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

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

VP CONSTRUCTION LTD (REGISTERED NUMBER: 07889731)

BALANCE SHEET - continued
31ST 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 Board of Directors and authorised for issue on 1st August 2025 and were signed on its behalf by:




V F Clifford - Director



U Omurca - Director


VP CONSTRUCTION LTD (REGISTERED NUMBER: 07889731)

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

1. STATUTORY INFORMATION

VP Construction 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.

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 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

VP CONSTRUCTION LTD (REGISTERED NUMBER: 07889731)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024
and 31st December 2024 31,465
DEPRECIATION
At 1st January 2024 28,609
Charge for year 714
At 31st December 2024 29,323
NET BOOK VALUE
At 31st December 2024 2,142
At 31st December 2023 2,856

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors (39,701 ) (69,619 )

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,043 -
Other creditors 911,035 943,595
917,078 943,595

7. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - -

VP CONSTRUCTION LTD (REGISTERED NUMBER: 07889731)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
V F Clifford
Balance outstanding at start of year (941,766 ) (880,479 )
Amounts advanced 32,560 -
Amounts repaid - (61,287 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (909,206 ) (941,766 )

U Omurca
Balance outstanding at start of year 11,530 11,530
Amounts repaid (3,598 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,932 11,530

9. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parties are the two directors who between them and their family equally own 100% of the issued share capital of the company.