Viewpoint Organisation Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07054372 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

VIEWPOINT ORGANISATION GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W M Davies

D N Hopkins

SECRETARY:

W M Davies

REGISTERED OFFICE:

Gower House

4 Pant Y Blodau

Pencoed

Bridgend

CF35 6LX

REGISTERED NUMBER:

07054372 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Intangible assets

4

20,000

20,000

Tangible assets

5

27,909

32,308

Investments

6

66,668

66,668

114,577

118,976

CURRENT ASSETS

Debtors

7

1,008,127

956,572

Cash at bank

101

88

1,008,228

956,660

CREDITORS

Amounts falling due within one year

8

298,971

307,451

NET CURRENT ASSETS

709,257

649,209

TOTAL ASSETS LESS CURRENT LIABILITIES

823,834

768,185

CREDITORS

Amounts falling due after more than one year

9

(50,000

)

(9,296

)

PROVISIONS FOR LIABILITIES

(6,025

)

(6,025

)

NET ASSETS

767,809

752,864

CAPITAL AND RESERVES

Called up share capital

10

80,670

80,670

Share premium

11

6,000

6,000

Retained earnings

11

681,139

666,194

SHAREHOLDERS' FUNDS

767,809

752,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 8 December 2021 and were signed on its behalf by:

W M Davies - Director

1.	STATUTORY INFORMATION

Viewpoint Organisation Group 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.

Goodwill

Goodwill is the amount in connection with the issue of "A" Ordinary shares of £20,000.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation 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.

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 year 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

20,000

NET BOOK VALUE

At 31 March 2021

20,000

At 31 March 2020

20,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2020

688

57,122

37,612

95,422

Additions

-

-

2,460

2,460

At 31 March 2021

688

57,122

40,072

97,882

DEPRECIATION

At 1 April 2020

441

37,945

24,728

63,114

Charge for year

49

4,794

2,016

6,859

At 31 March 2021

490

42,739

26,744

69,973

NET BOOK VALUE

At 31 March 2021

198

14,383

13,328

27,909

At 31 March 2020

247

19,177

12,884

32,308

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2020

and 31 March 2021

57,122

DEPRECIATION

At 1 April 2020

and 31 March 2021

(18,752

)

NET BOOK VALUE

At 31 March 2021

75,874

At 31 March 2020

75,874

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2020

and 31 March 2021

66,668

NET BOOK VALUE

At 31 March 2021

66,668

At 31 March 2020

66,668

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

7,400

-

Amounts owed by group undertakings

994,854

949,777

Other debtors

5,873

6,795

1,008,127

956,572

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

30,274

65,625

Hire purchase contracts

9,296

3,347

Trade creditors

16,648

26,363

Amounts owed to group undertakings

214,295

189,902

Taxation and social security

14,463

8,916

Other creditors

13,995

13,298

298,971

307,451

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Hire purchase contracts

-

9,296

Other creditors

50,000

-

50,000

9,296

Amounts falling due in more than five years:

Repayable by instalments

Bounce back loan

50,000

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

2

ordinary

1

2

2

20,000

A Ordinary

1

60,668

60,668

60,000

ordinary

1

20,000

20,000

80,670

80,670

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2020

666,194

6,000

672,194

Profit for the year

37,945

37,945

Dividends

(23,000

)

(23,000

)

At 31 March 2021

681,139

6,000

687,139

12.	CONTINGENT LIABILITIES

There were no contingent liabilities at 31 March 2021.

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £23,000 (2020 - £13,000) were paid to the directors .

During the year the company entered into transactions with Related Companies of which Mr W M Davis and Mr D N Hopkins are directors. At the year end the overall balance due from reflated companies was £780,559 (2020 : £759,874.)

14.	ULTIMATE CONTROLLING PARTY

The Directors,Mr W M Davis and Mr D N Hopkins, control the company by virtue of a controlling interest of 100% of the issued ordinary share capital ( 50 % each).