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Company Registration No. 11126653 (England and Wales)
VIP DRIVE LTD Unaudited accounts for the year ended 31 December 2024
VIP DRIVE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VIP DRIVE LTD Company Information for the year ended 31 December 2024
Director
Danial Ahmad
Company Number
11126653 (England and Wales)
Registered Office
SUITE 26 FAJAR 95 MILES ROAD MITCHAM CR4 3FH
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VIP DRIVE LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
11,266 
13,700 
Current assets
Cash at bank and in hand
1,233 
3,623 
Net current assets
1,233 
3,623 
Total assets less current liabilities
12,499 
17,323 
Creditors: amounts falling due after more than one year
5
(18,077)
(21,503)
Net liabilities
(5,578)
(4,180)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,678)
(4,280)
Shareholders' funds
(5,578)
(4,180)
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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 22 December 2025 and were signed on its behalf by
Danial Ahmad Director Company Registration No. 11126653
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VIP DRIVE LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
VIP DRIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 11126653. The registered office is SUITE 26 FAJAR, 95 MILES ROAD, MITCHAM, CR4 3FH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2024
21,000 
At 31 December 2024
21,000 
Depreciation
At 1 January 2024
7,300 
Charge for the year
2,434 
At 31 December 2024
9,734 
Net book value
At 31 December 2024
11,266 
At 31 December 2023
13,700 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,077 
21,503 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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