Accounts Submission


I&K VIP SERVICE LTD

Company Registration Number:
12222985 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2021

Period of accounts

Start date: 01 October 2020

End date: 30 September 2021

I&K VIP SERVICE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2021

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

I&K VIP SERVICE LTD

Company Information

for the Period Ended 30 September 2021




Director: IVA NAYDENOVA
IVAYLO KIRILOV
Registered office: 77
Farm Road
Edgware
London
England
HA8 9LR
Company Registration Number: 12222985 (England and Wales)

I&K VIP SERVICE LTD

Balance sheet

As at 30 September 2021


Notes

2021
£

2020
£
Fixed assets
Tangible assets: 4 2,017 2,460
Total fixed assets: 2,017 2,460
Current assets
Debtors: 5 1,445
Cash at bank and in hand: 188 142
Total current assets: 1,633 142
Creditors: amounts falling due within one year: 6 ( 3,316 ) ( 324 )
Net current assets (liabilities): ( 1,683 ) ( 182 )
Total assets less current liabilities: 334 2,278
Provision for liabilities: ( 1,898 )
Accruals and deferred income: ( 369 )
Total net assets (liabilities): 334 11

The notes form part of these financial statements

I&K VIP SERVICE LTD

Balance sheet continued

As at 30 September 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 332 9
Shareholders funds: 334 11

For the year ending 30 September 2021 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 27 January 2022
And Signed On Behalf Of The Board By:

Name: IVA NAYDENOVA
Status: Director

Name: IVAYLO KIRILOV
Status: Director

The notes form part of these financial statements

I&K VIP SERVICE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of
    Company’s activities. Sales are presented, net of value-added tax, rebates and discounts

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
    Plant and machinery 18% NBV
    Motor vehicles 6%- 18% NBV

    Intangible fixed assets amortisation policy

    Freehold land is not depreciated.
    Depreciation on other items of property, plant and equipment is calculated using the straight-line method to allocate their depreciable amounts
    over their estimated useful lives as follows:
    Useful lives
    Leasehold land 60 to 99 years
    Buildings 25 to 50 years
    Plant and equipment 5 to 15 years

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value.

I&K VIP SERVICE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 4 4

I&K VIP SERVICE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

  • 3. Off balance sheet disclosure

    No

I&K VIP SERVICE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

4. Tangible assets

Motor vehicles Total
Cost £ £
At 01 October 2020 2,460 2,460
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 September 2021 2,460 2,460
Depreciation
At 01 October 2020 - -
Charge for year 443 443
On disposals - -
Other adjustments - -
At 30 September 2021 443 443
Net book value
At 30 September 2021 2,017 2,017
At 30 September 2020 2,460 2,460

I&K VIP SERVICE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

5. Debtors


2021
£

2020
£
Prepayments and accrued income 1,000
Other debtors 445
Total 1,445

I&K VIP SERVICE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

6.Creditors: amounts falling due within one year note


2021
£

2020
£
Taxation and social security 3,316 324
Total 3,316 324

Corporation tax and vat