V.I.P. Limited - Accounts to registrar (filleted) - small 18.1
V.I.P. Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2017 |
| for |
| V.I.P. LIMITED |
| V.I.P. LIMITED (REGISTERED NUMBER: 01674534) |
| Contents of the Financial Statements |
| for the year ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| V.I.P. LIMITED |
| Company Information |
| for the year ended 30 April 2017 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Northside House |
| 69 Tweedy Road |
| Bromley |
| Kent |
| BR1 3WA |
| V.I.P. LIMITED (REGISTERED NUMBER: 01674534) |
| Balance Sheet |
| 30 April 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 3 |
| Investments | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Retained earnings | 9 |
| Shareholders' funds |
| 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. |
| 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 |
| V.I.P. LIMITED (REGISTERED NUMBER: 01674534) |
| Notes to the Financial Statements |
| for the year ended 30 April 2017 |
| 1. | Statutory information |
| V.I.P. Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
| in fair value is recognised in profit or loss. |
| Compliance with and departure from accounting standards |
| The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards |
| (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as |
| otherwise stated). |
| In line with SSAP19, no depreciation is provided in respect of the company's investment properties. The |
| treatment normally required by the Companies Act would be to depreciate the freehold investment property over |
| their useful life. |
| The directors consider that the departure from the requirements of the Companies Act is necessary in order to |
| give a true and fair view of the company's long term investments. |
| Government grants |
| Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss |
| account over the expected useful life of the assets. Grants towards revenue expenditure are released to the |
| profit and loss account as the related expenditure is incurred. |
| Group accounts |
| The financial statements present information about the company as an individual undertaking and not about its |
| group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore |
| taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group |
| accounts. |
| V.I.P. LIMITED (REGISTERED NUMBER: 01674534) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2017 |
| 3. | Tangible fixed assets |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 1 May 2016 |
| Additions |
| At 30 April 2017 |
| Depreciation |
| At 1 May 2016 |
| Charge for year |
| At 30 April 2017 |
| Net book value |
| At 30 April 2017 |
| At 30 April 2016 |
| 4. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| At 1 May 2016 |
| and 30 April 2017 |
| Net book value |
| At 30 April 2017 |
| At 30 April 2016 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2017 | 2016 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| V.I.P. LIMITED (REGISTERED NUMBER: 01674534) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2017 |
| 4. | Fixed asset investments - continued |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2017 | 2016 |
| £ | £ |
| Aggregate capital and reserves | ( |
) |
| Loss for the year | ( |
) |
| Fixed asset investments are stated at their 1997 valuation. |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 May 2016 |
| and 30 April 2017 |
| Net book value |
| At 30 April 2017 |
| At 30 April 2016 |
| 6. | Debtors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Other debtors |
| Retention for FRP Administrato | - | 840,511 |
| Directors' current accounts | 1,625,144 | 1,401,852 |
| VAT |
| Accruals | ( |
) |
| 7. | Creditors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Other creditors |
| Accruals and deferred income |
| Accrued expenses |
| V.I.P. LIMITED (REGISTERED NUMBER: 01674534) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2017 |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | Reserves |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 May 2016 | 7,751,039 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 30 April 2017 | 7,806,918 |
| 10. | Related party disclosures |
| Coachwork Solutions Limited |
| A company in which G D Allen is a shareholder. |
| 2017 | 2016 |
| £ | £ |
| Amount due from related party at the balance sheet date | 291 | 291 |
| Euro Concepts Limited |
| A subsidiary company of VIP Limited |
| 2017 | 2016 |
| £ | £ |
| Amount due from related party at the balance sheet date | 2,739,991 | 2,682,243 |
| Compak Ramps Limited |
| A company in which G D Allen is a shareholder. |
| 2017 | 2016 |
| £ | £ |
| Amount due from related party at the balance sheet date | 2,243 | 2,243 |
| Truck Align Co Limited |
| A subsidiary company of VIP Limited |
| 2017 | 2016 |
| £ | £ |
| Amount due to related party at the balance sheet date | 689,444 | 708,535 |
| V.I.P. LIMITED (REGISTERED NUMBER: 01674534) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2017 |
| 10. | Related party disclosures - continued |
| Truck Align London Limited |
| A subsidiary company of VIP Limited |
| During the year VIP Limited was charged £Nil (2016 £37,470) for site management and maintenance services |
| and other costs recharged. |
| 2017 | 2016 |
| £ | £ |
| Amount due from related party at the balance sheet date | 7,420 | 5,557 |
| 11. | First year adoption |
| The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention |
| and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at |
| 1st May 2016. |
| Reconciliation of equity |
| No transitional adjustments were required. |
| Reconciliation of profit or loss for the year |
| No transitional adjustments were required. |