REGISTERED NUMBER: 02095600 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

VP-AV Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Steele

B Snow

REGISTERED OFFICE:

Innovation House

Alexander Bell Centre

Hopkinson Way

Andover

Hampshire

SP10 3UR

REGISTERED NUMBER:

02095600 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

87,631

66,182

87,631

66,182

CURRENT ASSETS

Stocks

636,285

524,542

Debtors

6

1,316,646

661,337

Cash at bank and in hand

1,189,430

1,838,478

3,142,361

3,024,357

CREDITORS

Amounts falling due within one year

7

1,041,525

990,127

NET CURRENT ASSETS

2,100,836

2,034,230

TOTAL ASSETS LESS CURRENT LIABILITIES

2,188,467

2,100,412

CAPITAL AND RESERVES

Called up share capital

170,000

170,000

Share premium

31,000

31,000

Retained earnings

1,987,467

1,899,412

SHAREHOLDERS' FUNDS

2,188,467

2,100,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 3rd October 2025 and were signed on its behalf by:

I R Steele - Director

1.	STATUTORY INFORMATION

VP-AV Limited 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 and revenue recognition

Turnover represents sales of goods and services, excluding value added tax, all of which are made in the UK.

Revenue relating to the installation of systems is recognised on completion and approval of the installation by the customer. Amounts invoiced to customers in advance of installation being completed are shown within deferred income in the balance sheet.

The company's accounting policy for the recognition of service contract income is to recognise income over the period to which the contract relates.

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

-

33% on cost, 25% on cost and 15% on cost

Stocks

Stocks of finished goods are valued at the lower of cost and net realisable value. Work in progress is valued at the lower of cost and net realisable value and represents components delivered to customers pending installation.

Spares stock held to fulfil the requirements of contracts is written off over the maintenance period of the contract.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

30,000

AMORTISATION

At 1st April 2024

and 31st March 2025

30,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

466,654

Additions

87,458

Disposals

(24,700

)

At 31st March 2025

529,412

DEPRECIATION

At 1st April 2024

400,472

Charge for year

56,232

Eliminated on disposal

(14,923

)

At 31st March 2025

441,781

NET BOOK VALUE

At 31st March 2025

87,631

At 31st March 2024

66,182

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,033,615

389,809

Amounts owed by group undertakings

232,416

232,416

Other debtors

50,615

39,112

1,316,646

661,337

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

241,074

113,601

Tax

42,548

132,838

Social security and other taxes

60,545

74,809

VAT

198,713

183,911

Other creditors

9,214

7,962

Deferred income

304,036

246,756

Accrued expenses

185,395

230,250

1,041,525

990,127

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I R Steele.