Company Registration No. 11607678 (England and Wales)
VIP People Ltd
Unaudited accounts
for the year ended 31 December 2024
VIP People Ltd
Unaudited accounts
Contents
VIP People Ltd
Company Information
for the year ended 31 December 2024
Director
Lourdes Paola Suarez Mendez
Company Number
11607678 (England and Wales)
Registered Office
37 Hudson Avenue
Anlaby
Hull
North Humberside
HU10 7FW
England
VIP People Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
509,500
336,514
Creditors: amounts falling due within one year
(1,359,215)
(846,499)
Net current assets
82,733
1,613
Profit and loss account
82,733
1,613
Shareholders' funds
82,733
1,613
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
Lourdes Paola Suarez Mendez
Director
Company Registration No. 11607678
VIP People Ltd
Notes to the Accounts
for the year ended 31 December 2024
VIP People Ltd is a private company, limited by shares, registered in England and Wales, registration number 11607678. The registered office is 37 Hudson Avenue, Anlaby, Hull, North Humberside, HU10 7FW, England.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial
Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Companies Act 2006.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
3
Average number of employees
During the year the average number of employees was 4 (2023: 1).
4
Reconciliations on adoption of FRS 102
Due to it exceeding the size requirements for FRS105 these financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities.