REGISTERED NUMBER: 05423336 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VP FORENSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

P Walters

Registered office:

Unit 11 H20 Business Units

Lake View Drive

Sherwood Park

Nottingham

Nottinghamshire

NG15 0HT

Registered number:

05423336 (England and Wales)

Accountants:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

Fixed assets

Intangible assets

4

41,184

82,360

Tangible assets

5

12,166

15,931

53,350

98,291

Current assets

Debtors

6

767,297

821,867

Cash at bank

671,065

774,747

1,438,362

1,596,614

Creditors

Amounts falling due within one year

7

(196,330

)

(277,831

)

Net current assets

1,242,032

1,318,783

Total assets less current liabilities

1,295,382

1,417,074

Capital and reserves

Called up share capital

8

1

1

Capital redemption reserve

9

2

2

Retained earnings

9

1,295,379

1,417,071

Shareholders' funds

1,295,382

1,417,074

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

P Walters - Director

1.	STATUTORY INFORMATION

VP Forensic 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

Over 15 years

Equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 179 (2024 - 183 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

700,000

Amortisation

At 1 April 2024

617,640

Charge for year

41,176

At 31 March 2025

658,816

Net book value

At 31 March 2025

41,184

At 31 March 2024

82,360

5.	TANGIBLE FIXED ASSETS

Leasehold

property

Equipment

Totals

£

£

£

Cost

At 1 April 2024

38,612

125,740

164,352

Additions

-

1,886

1,886

At 31 March 2025

38,612

127,626

166,238

Depreciation

At 1 April 2024

27,302

121,119

148,421

Charge for year

2,574

3,077

5,651

At 31 March 2025

29,876

124,196

154,072

Net book value

At 31 March 2025

8,736

3,430

12,166

At 31 March 2024

11,310

4,621

15,931

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

535,849

437,160

Other debtors

6,997

10,341

Directors' loan accounts

208,888

358,096

Prepayments and accrued income

15,563

16,270

767,297

821,867

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,825

13,992

Tax

96,232

67,895

Social security and other taxes

56,593

49,152

Other creditors

6,689

134,654

Accruals and deferred income

16,991

12,138

196,330

277,831

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary B

£1

1

1

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

1,417,071

2

1,417,073

Profit for the year

243,308

243,308

Dividends

(365,000

)

(365,000

)

At 31 March 2025

1,295,379

2

1,295,381

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P Walters

Balance outstanding at start of year

358,096

313,543

Amounts advanced

215,791

364,553

Amounts repaid

(365,000

)

(320,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

208,887

358,096

The amount outstanding at the year end was £208,887 (2024: £358,096) and will be repaid within 9 months of the year.