Viga Homes Limited - Accounts to registrar (filleted) - small 18.2

Viga Homes Limited - Accounts to registrar (filleted) - small 18.2

VIGA HOMES LIMITED - Company Information

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REGISTERED NUMBER: 08667297 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2019 TO 31 DECEMBER 2019

FOR

VIGA HOMES LIMITED
VIGA HOMES LIMITED (REGISTERED NUMBER: 08667297)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2019 TO 31 DECEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VIGA HOMES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2019 TO 31 DECEMBER 2019







DIRECTOR: R G Kennedy





REGISTERED OFFICE: Dept 107
601 International House
223 Regent Street
London
W1B 2QD





REGISTERED NUMBER: 08667297 (England and Wales)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA
Page 1
VIGA HOMES LIMITED (REGISTERED NUMBER: 08667297)

BALANCE SHEET
31 DECEMBER 2019

31/12/19 31/8/19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 243 323

CURRENT ASSETS
Stocks 800,000 552,000
Debtors 4 199,821 276,730
Cash at bank and in hand 910 -
1,000,731 828,730
CREDITORS
Amounts falling due within one year 5 850,194 828,147
NET CURRENT ASSETS 150,537 583
TOTAL ASSETS LESS CURRENT
LIABILITIES
150,780
906

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 150,680 806
SHAREHOLDERS' FUNDS 150,780 906

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 March 2020 and were signed by:





R G Kennedy - Director


The notes form part of these financial statements

Page 2
VIGA HOMES LIMITED (REGISTERED NUMBER: 08667297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2019 TO 31 DECEMBER 2019


1. STATUTORY INFORMATION

Viga Homes 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 period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Page 3 continued...
VIGA HOMES LIMITED (REGISTERED NUMBER: 08667297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2019 TO 31 DECEMBER 2019


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2019
and 31 December 2019 431
DEPRECIATION
At 1 September 2019 108
Charge for period 80
At 31 December 2019 188
NET BOOK VALUE
At 31 December 2019 243
At 31 August 2019 323

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/19 31/8/19
£    £   
Trade debtors 16,000 16,000
Other debtors 183,821 260,730
199,821 276,730

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/19 31/8/19
£    £   
Trade creditors 38,836 25,064
Taxation and social security 36,160 481
Other creditors 775,198 802,602
850,194 828,147

Page 4