VIKINGCOACHES.COM LTD,Ltd - AccountsLtd - Accounts

VIKINGCOACHES.COM LTD,Ltd - AccountsLtd - Accounts

VIKINGCOACHES.COM LTD - Company Information

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2019-04-01 02772872 2020-03-31 02772872 2019-04-01 2020-03-31 02772872 2019-03-31 02772872 2018-04-01 2019-03-31 02772872 uk-core:WithinOneYear 2019-03-31 02772872 uk-core:WithinOneYear 2020-03-31 02772872 uk-core:AfterOneYear 2019-03-31 02772872 uk-core:AfterOneYear 2020-03-31 02772872 uk-core:ShareCapital 2020-03-31 02772872 uk-core:ShareCapital 2019-03-31 02772872 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 02772872 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 02772872 uk-bus:Director1 2019-04-01 2020-03-31 02772872 uk-core:PlantMachinery 2019-04-01 2020-03-31 02772872 uk-core:WithinOneYear uk-core:Secured 2020-03-31 02772872 uk-core:WithinOneYear uk-core:Secured 2019-03-31 iso4217:GBP xbrli:pure 02772872 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 02772872 uk-bus:FRS102 2019-04-01 2020-03-31 02772872 uk-bus:FullAccounts 2019-04-01 2020-03-31 02772872 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
VIKINGCOACHES.COM LTD
Registered Number:02772872
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2020
VIKINGCOACHES.COM LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 March 2020
VIKINGCOACHES.COM LTD
Statement of Financial Position
Registered Number :
02772872
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
305,695
512,903
2
305,695
512,903
Current assets
Trade and other receivables
245,966
184,217
3
184,217
245,966
Trade and other payables: amounts falling due
within one year
(790,644)
(800,862)
4
(544,678)
(616,645)
Net current liabilities
Total assets less current liabilities
(310,950)
(31,775)
Trade and other payables: amounts falling due after
more than one year
(276,861)
(184,367)
5
(495,317)
Net liabilities
(308,636)
Capital and reserves
Called up share capital
100
100
Retained earnings
(495,417)
(308,736)
(495,317)
(308,636)
Shareholders' funds
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
For the year ended 31 March 2020
VIKINGCOACHES.COM LTD
Statement of Financial Position Continued
Adam Garratt Director
These financial statements were approved and authorised for issue by the Board on 25 November 2020 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 31 March 2020
VIKINGCOACHES.COM LTD
Notes to the Financial Statements
Statutory Information
VIKINGCOACHES.COM LTD is a private limited company, limited by shares, domiciled in England
and Wales, registration number 02772872.
Registered address:
Unit 2
Ryder Close
SWADLINCOTE
DERBYSHIRE
DE11 9EU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
3 of 5
6
For the year ended 31 March 2020
VIKINGCOACHES.COM LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 April 2019
1,003,799
Disposals
(222,978)
At 31 March 2020
780,821
Provision for depreciation and impairmen
t
At 01 April 2019
490,896
Charge for year
105,265
(121,035)
On disposal
At 31 March 2020
475,126
At 31 March 2020
Net book value
305,695
At 31 March 2019
512,903
3. Trade and other receivables
2019
2020
£
£
Trade debtors
-
96,654
Other debtors
184,217
149,312
245,966
184,217
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft (secured)
40,784
40,869
Trade creditors
192,471
223,659
Amounts owed to group undertaking and undertaking in
which the company has a participating interest
483,893
446,551
Taxation and social security
83,714
74,065
Other creditors
-
5,500
800,862
790,644
4 of 5
7
For the year ended 31 March 2020
VIKINGCOACHES.COM LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Other creditors
184,367
276,861
6. Average number of persons employed
During the year the average number of employees was 9 (2019 : 9)
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