VICWAY LIMITED

VICWAY LIMITED

VICWAY LIMITED - Company Information

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VICWAY LIMITED

Company Registration Number:
01229241 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

VICWAY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

VICWAY LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 41,024 42,826
Total fixed assets: 41,024 42,826
Current assets
Stocks: 149,901 71,230
Debtors:   24,229 48,802
Cash at bank and in hand: 1,136,691 2,822,771
Investments:   2,017,392 350,000
Total current assets: 3,328,213 3,292,803
Creditors: amounts falling due within one year: 4 (148,436) (170,632)
Net current assets (liabilities): 3,179,777 3,122,171
Total assets less current liabilities: 3,220,801 3,164,997
Total net assets (liabilities): 3,220,801 3,164,997
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,220,701 3,164,897
Shareholders funds: 3,220,801 3,164,997

The notes form part of these financial statements

VICWAY LIMITED

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 December 2022
and signed on behalf of the board by:

Name: P R Mehta
Status: Director

The notes form part of these financial statements

VICWAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

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

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Land and buildings - 2% on costPlant and machinery etc - 25% on reducing balance

Other accounting policies

Government grantsGovernment grants are accounted for on a receivable basis.StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation 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.

VICWAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 2 2

VICWAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 71,556
At 31 December 2021 71,556
Depreciation
At 01 January 2021 28,730
Charge for year 1,802
At 31 December 2021 30,532
Net book value
At 31 December 2021 41,024
At 31 December 2020 42,826

VICWAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Creditors: amounts falling due within one year note

Trade creditors - £66,241Taxation and social security - £18,024Other creditors - £64,171