V.I.P. BARS & EVENTS LIMITED - Accounts to registrar (filleted) - small 22.3

V.I.P. BARS & EVENTS LIMITED - Accounts to registrar (filleted) - small 22.3

V.I.P. BARS & EVENTS LIMITED - Company Information

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REGISTERED NUMBER: 09121776


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

V.I.P. BARS & EVENTS LIMITED
V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V.I.P. BARS & EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







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





ACCOUNTANTS: SCH Consultancy Limited
c/o SCH Consultancy Limited
Maple House
High Street
Potters Bar
Hertfordshire
EN6 5BS
Page 1
V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)

BALANCE SHEET
31 JANUARY 2022

31.1.22 31.1.21
Notes £ £
FIXED ASSETS
Tangible assets 4 216,400 106,004

CURRENT ASSETS
Stocks 32,619 41,507
Debtors 5 196,660 144,936
Cash at bank and in hand 50,410 52,609
279,689 239,052
CREDITORS
Amounts falling due within one year 6 (256,993 ) (222,686 )
NET CURRENT ASSETS 22,696 16,366
TOTAL ASSETS LESS CURRENT LIABILITIES 239,096 122,370

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 238,996 122,270
SHAREHOLDERS' FUNDS 239,096 122,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 notes form part of these financial statements

Page 2 continued...
V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)

BALANCE SHEET - continued
31 JANUARY 2022


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 31 October 2022 and were signed on its behalf by:




D Bugar - Director



B Bugar - Director


The notes form part of these financial statements

Page 3
V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

V.I.P. BARS & EVENTS LIMITED is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 25% on reducing balance

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 2 (2021 - 3 ) .

Page 4 continued...
V.I.P. BARS & EVENTS LIMITED (Registered number: 09121776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2021 279,518
Additions 182,529
At 31 January 2022 462,047
DEPRECIATION
At 1 February 2021 173,514
Charge for year 72,133
At 31 January 2022 245,647
NET BOOK VALUE
At 31 January 2022 216,400
At 31 January 2021 106,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£ £
Trade debtors 59,717 -
Other debtors 136,943 144,936
196,660 144,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£ £
Bank loans and overdrafts 46,870 50,554
Trade creditors - 16,485
Taxation and social security 11,641 12,936
Other creditors 198,482 142,711
256,993 222,686

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.22 31.1.21
value: £ £
100 Ordinary 1 100 100

Page 5