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Registered Number: 03023978
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2024

for

VEHICLE INSPECTION PROFESSIONALS LIMITED

VEHICLE INSPECTION PROFESSIONALS LIMITED
Contents Page
For the year ended 31 December 2024




Business Information

1
Statement of Financial Position

2
Notes to the Accounts

3
1
VEHICLE INSPECTION PROFESSIONALS LIMITED
Business Information
For the year ended 31 December 2024
Directors Mark Leslie Champerlovier
Julie Champelovier
Registered Number 03023978
Registered Office Sterling House
31-32 High Street
Wellingborough
Northamptonshire
NN8 4HL
Accountants Berry Kearsley Stockwell Ltd
Sterling House, 31-32 High Street, Wellingborough, Northants, NN8 4HL, United Kingdom
2
VEHICLE INSPECTION PROFESSIONALS LIMITED
Statement of Financial Position
As at 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets
Tangible fixed assets 92    123 
92    123 
Current assets
Debtors 2 7,131    10,161 
Cash at bank and in hand 6,000    6,591 
13,131    16,752 
Creditors: amount falling due within one year 3 (10,034)   (9,783)
Net current assets/(liabilities) 3,097    6,969 
 
Total assets less current liabilities 3,189    7,092 
Creditors: amount falling due after more than one year 4 (3,143)   (6,221)
Net assets/(liabilities) 46    871 
 

Capital and reserves
Called up share capital 2    2 
Profit and loss account 44    869 
Shareholders fund 46    871 
 
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors:


----------------------------------
Mark Leslie Champerlovier
Director

Date approved: 18 September 2025
3
VEHICLE INSPECTION PROFESSIONALS LIMITED
Notes to the Accounts
For the year ended 31 December 2024
Statutory Information
VEHICLE INSPECTION PROFESSIONALS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 03023978, registration address Sterling House, 31-32 High Street, Wellingborough, Northamptonshire, NN8 4HL.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. 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 the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment25% Straight Line
2.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade debtors 840    580 
Other debtors 0    724 
Prepayments 1,711    0 
Social security & other tax 32    206 
Directors' current account 4,548    8,651 
7,131    10,161 
3.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade creditors 1,922    0 
Accrued expenses 1,700    1,750 
Business credit card 39    0 
Bank loans & overdrafts 2,700    2,700 
Corporation tax 3,673    5,333 
10,034    9,783 
4.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bounce back loan 3,143    6,221 
3,143    6,221 
5.

Average number of employees

Average number of employees during the year were 2 (2023: 2).
4