V.I.P. BARS & EVENTS LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09121776 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

V.I.P. BARS & EVENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Bugar

D Bugar

Ms R Jahelkova

REGISTERED OFFICE:

Unit 5, Reed Industrial Estate

28 Plantation Road

Amersham

Hertfordshire

HP6 6HJ

REGISTERED NUMBER:

09121776 (England and Wales)

ACCOUNTANTS:

SCH Consultancy Limited

3000 Hillswood Drive

Hillswood Business Park

Chertsey

Surrey

KT16 0RS

FIXED ASSETS

Tangible assets

4

141,952

81,421

CURRENT ASSETS

Stocks

36,090

31,833

Debtors

5

36,243

4,881

Cash at bank and in hand

18,131

43,677

90,464

80,391

CREDITORS

Amounts falling due within one year

6

(148,741

)

(100,874

)

NET CURRENT LIABILITIES

(58,277

)

(20,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

83,675

60,938

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

83,575

60,838

SHAREHOLDERS' FUNDS

83,675

60,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 on 31 October 2019 and were signed on its behalf by:

D Bugar - Director

B Bugar - Director

1.	STATUTORY INFORMATION

V.I.P. BARS & EVENTS 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.

TANGIBLE FIXED ASSETS

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

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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 NIL (2018 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2018

142,271

Additions

102,396

At 31 January 2019

244,667

DEPRECIATION

At 1 February 2018

60,850

Charge for year

41,865

At 31 January 2019

102,715

NET BOOK VALUE

At 31 January 2019

141,952

At 31 January 2018

81,421

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

3,252

-

Other debtors

32,991

4,881

36,243

4,881

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Bank loans and overdrafts

184

-

Trade creditors

7,379

3,009

Taxation and social security

5,317

2,763

Other creditors

135,861

95,102

148,741

100,874

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.19

31.1.18

value:

£

£

100

Ordinary

1

100

100