Viamaster International Limited - Accounts to registrar (filleted) - small 23.2.5

VIAMASTER INTERNATIONAL LIMITED - Company Information

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REGISTERED NUMBER: 04816258 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Viamaster International Limited

Page

Company Information

Balance Sheet

Notes to the Financial Statements

Accountants' Report

DIRECTORS:

M A Lunat

P Pedley

J Lees

D K Warrington

A B Warrington

SECRETARY:

M A Lunat

REGISTERED OFFICE:

Unit 10 Leeds 27 Industrial Estate

Bruntcliffe Avenue

Morley

Leeds

LS27 0LL

REGISTERED NUMBER:

04816258 (England and Wales)

ACCOUNTANTS:

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

FIXED ASSETS

Tangible assets

424,208

487,464

CURRENT ASSETS

Debtors

1,419,915

1,677,653

Cash at bank and in hand

1,240,809

1,354,384

2,660,724

3,032,037

CREDITORS

Amounts falling due within one year

2,010,696

2,484,729

NET CURRENT ASSETS

650,028

547,308

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,074,236

1,034,772

CREDITORS

Amounts falling due after more than one
year

(15,955

)

(48,528

)

PROVISIONS FOR LIABILITIES

(88,344

)

(110,077

)

NET ASSETS

969,937

876,167

CAPITAL AND RESERVES

Called up share capital

50,000

Retained earnings

919,937

826,167

969,937

876,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 2 April 2024 and were signed on its behalf by:

M A Lunat - Director

1.	STATUTORY INFORMATION

Viamaster International 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 represents amounts invoiced in respect of freight distribution, storage and warehousing relating to the period excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

6.67% on cost

Plant and machinery

25% on reducing balance

Fixtures and fittings

20% on cost

Motor vehicles

25% on reducing balance

Computer equipment

20% on 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

COST

At 1 October 2022

132,041

141,495

29,101

Additions

32,984

2,796

4,023

Reclassification/transfer

(70,000

)

70,000

At 30 September 2023

95,025

214,291

33,124

DEPRECIATION

At 1 October 2022

2,751

27,035

22,924

Charge for year

7,855

46,183

2,451

Reclassification/transfer

(1,458

)

1,458

At 30 September 2023

9,148

74,676

25,375

NET BOOK VALUE

At 30 September 2023

85,877

139,615

7,749

At 30 September 2022

129,290

114,460

6,177

Motor

Computer

vehicles

equipment

Totals

COST

At 1 October 2022

282,005

97,023

681,665

Additions

16,448

56,251

Reclassification/transfer

At 30 September 2023

282,005

113,471

737,916

DEPRECIATION

At 1 October 2022

61,107

80,384

194,201

Charge for year

55,224

7,794

119,507

Reclassification/transfer

At 30 September 2023

116,331

88,178

313,708

NET BOOK VALUE

At 30 September 2023

165,674

25,293

424,208

At 30 September 2022

220,898

16,639

487,464

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Trade debtors

1,280,287

1,524,132

Other debtors

139,628

153,521

1,419,915

1,677,653

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Hire purchase contracts

32,572

47,930

Trade creditors

1,189,030

1,360,130

Taxation and social security

278,036

348,588

Other creditors

511,058

728,081

2,010,696

2,484,729

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.23

30.9.22

Hire purchase contracts

15,955

48,528

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.23

30.9.22

Hire purchase contracts

48,527

96,458

Hire purchase is secured over the assets being financed.

9.	FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £3,327,867 (2022 - £3,594,358).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Viamaster International Limited for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Viamaster International Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Viamaster International Limited and state those matters that we have agreed to state to the Board of Directors of Viamaster International Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Viamaster International Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Viamaster International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Viamaster International Limited. You consider that Viamaster International Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Viamaster International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

2 April 2024