Vikingcoaches.com Ltd,Ltd - AccountsLtd - Accounts

Vikingcoaches.com Ltd,Ltd - AccountsLtd - Accounts

VIKINGCOACHES.COM LTD - Company Information

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2020-04-01 02772872 2021-03-31 02772872 2020-04-01 2021-03-31 02772872 2020-03-31 02772872 2019-04-01 2020-03-31 02772872 uk-core:WithinOneYear 2020-03-31 02772872 uk-core:WithinOneYear 2021-03-31 02772872 uk-core:AfterOneYear 2020-03-31 02772872 uk-core:AfterOneYear 2021-03-31 02772872 uk-core:ShareCapital 2021-03-31 02772872 uk-core:ShareCapital 2020-03-31 02772872 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 02772872 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 02772872 uk-bus:Director1 2020-04-01 2021-03-31 02772872 uk-core:PlantMachinery 2020-04-01 2021-03-31 02772872 uk-core:WithinOneYear uk-core:Secured 2021-03-31 02772872 uk-core:WithinOneYear uk-core:Secured 2020-03-31 02772872 uk-core:WithinOneYear 2021-03-31 02772872 uk-core:WithinOneYear 2020-03-31 iso4217:GBP xbrli:pure 02772872 uk-bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 02772872 uk-bus:FRS102 2020-04-01 2021-03-31 02772872 uk-bus:FullAccounts 2020-04-01 2021-03-31 02772872 uk-bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31
Vikingcoaches.com Ltd
Registered Number:02772872
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2021
Vikingcoaches.com Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
02772872
As at 31 March 2021
Vikingcoaches.com Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
197,713
305,695
2
197,713
305,695
Current assets
Trade and other receivables
184,217
79,738
3
-
Cash and cash equivalents
5,693
85,431
184,217
Trade and other payables: amounts falling due
within one year
(800,862)
(658,957)
4
(616,645)
(573,526)
Net current liabilities
Total assets less current liabilities
(375,813)
(310,950)
Trade and other payables: amounts falling due after
more than one year
(184,367)
(109,418)
5
(485,231)
Net liabilities
(495,317)
Capital and reserves
Called up share capital
100
100
Retained earnings
(485,331)
(495,417)
(485,231)
(495,317)
Shareholders' funds
For the year ended 31 March 2021 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 2021 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
Registered Number :
02772872
For the year ended 31 March 2021
Vikingcoaches.com Ltd
Statement of Financial Position Continued
Adam Garratt Director
These financial statements were approved and authorised for issue by the Board on 16 December 2021 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2021
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.
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6
For the year ended 31 March 2021
Vikingcoaches.com Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 April 2020
780,821
7,600
Additions
Disposals
(117,752)
At 31 March 2021
670,669
Provision for depreciation and impairmen
t
At 01 April 2020
475,126
Charge for year
65,905
(68,075)
On disposal
At 31 March 2021
472,956
At 31 March 2021
Net book value
197,713
At 31 March 2020
305,695
3. Trade and other receivables
2020
2021
£
£
Trade debtors
55,992
-
Other debtors
23,746
184,217
184,217
79,738
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft (secured)
-
40,784
Bank loans and overdraft
50,000
-
Trade creditors
103,473
192,471
Amounts owed to group undertaking and undertaking in
which the company has a participating interest
429,983
483,893
Taxation and social security
75,501
83,714
658,957
800,862
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7
For the year ended 31 March 2021
Vikingcoaches.com Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Other creditors
109,418
184,367
6. Average number of persons employed
During the year the average number of employees was 9 (2020 : 9)
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