Registered number
07357393
Vyper Industries Limited
Filleted Accounts
31 December 2024
Vyper Industries Limited
Registered number: 07357393
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 156,952 130,155
Tangible assets 4 27,761 8,520
Investments 5 2 2
184,715 138,677
Current assets
Stocks 188,983 112,342
Debtors 6 795,303 1,045,769
Cash at bank and in hand 715,218 1,211,819
1,699,504 2,369,930
Creditors: amounts falling due within one year 7 (859,638) (1,270,799)
Net current assets 839,866 1,099,131
Net assets 1,024,581 1,237,808
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,024,481 1,237,708
Shareholder's funds 1,024,581 1,237,808
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F R B Camrass
Director
Approved by the board on 29 September 2025
Vyper Industries Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 130,155
Additions 26,797
At 31 December 2024 156,952
Amortisation
At 31 December 2024 -
Net book value
At 31 December 2024 156,952
At 31 December 2023 130,155
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Leasehold improvements Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 - 29,984 29,984
Additions 25,435 6,386 31,821
At 31 December 2024 25,435 36,370 61,805
Depreciation
At 1 January 2024 - 21,464 21,464
Charge for the year 5,087 7,493 12,580
At 31 December 2024 5,087 28,957 34,044
Net book value
At 31 December 2024 20,348 7,413 27,761
At 31 December 2023 - 8,520 8,520
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 2
At 31 December 2024 2
6 Debtors 2024 2023
£ £
Trade debtors 327,258 628,964
Amounts owed by group undertakings and undertakings in which the company has a participating interest 372,438 254,609
Rent deposit 28,594 29,515
Prepayments 67,013 129,765
Other debtors - 2,916
795,303 1,045,769
7 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 1,551 10,855
Trade creditors 267,761 270,324
Taxation and social security costs 44,660 121,992
Director's loan 46,791 40,586
Pension liability 1,642 1,656
Accruals and deferred income 497,233 825,386
859,638 1,270,799
8 Controlling party
The controlling party is F R B Camrass, the sole director who owns 95% of the issued share capital.
9 Other information
Vyper Industries Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 92, The Grid
92 Lockfield Avenue
Enfield
EN3 7PY
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