VIKINGCOACHES.COM LTD,Ltd - AccountsLtd - Accounts

VIKINGCOACHES.COM LTD - Company Information

Print Friendly Version

VIKINGCOACHES.COM LTD

Registered Number:02772872

For the year ended 31 March 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2018

VIKINGCOACHES.COM LTD

Contents Page

Statement of Financial Position

2 to 5

Notes to the Financial Statements

As at 31 March 2018

VIKINGCOACHES.COM LTD

Statement of Financial Position

Registered Number :

02772872

2017

2018

Notes

Fixed assets

Property, plant and equipment

399,797

476,805

Financial assets

(178,925)

220,872

476,805

Current assets

Trade and other receivables

152,680

122,220

9,191

Cash and cash equivalents

568

122,788

161,871

Trade and other payables: amounts falling due

within one year

(182,789)

(285,799)

(20,918)

(163,011)

Net current liabilities

Total assets less current liabilities

57,861

455,887

Trade and other payables: amounts falling due after

more than one year

(376,741)

(257,795)

(199,934)

Net assets/liabilities

79,146

Capital and reserves

Called up share capital

100

Retained earnings

(200,034)

79,046

(199,934)

79,146

Shareholders' funds

For the year ended 31 March 2018 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 2018 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 delive

red.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

1 of 5

For the year ended 31 March 2018

VIKINGCOACHES.COM LTD

Statement of Financial Position Continued

Adam Garratt Director

These financial statements were approved and authorised for issue by the Board on 10 December 2018 and were signed by:

The notes form part of these financial statements

2 of 5

For the year ended 31 March 2018

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

For the year ended 31 March 2018

VIKINGCOACHES.COM LTD

Notes to the Financial Statements Continued

2. Property, plant and equipment

Plant and

machinery

Cost or

valuation

At 01 April 2017

676,887

56,257

Additions

At 31 March 2018

733,144

Provision for depreciation and impairmen

At 01 April 2017

200,082

Charge for year

133,265

At 31 March 2018

333,347

At 31 March 2018

Net book value

399,797

At 31 March 2017

476,805

3. Investments held as fixed assets

Loans to Group and participating interests

Total

Cost

(178,925)

Additions

At 31 March 2018

(178,925)

At 31 March 2018

Net book value

(178,925)

4. Trade and other receivables

2017

2018

Trade debtors

81,594

129,242

Other debtors

40,626

23,438

152,680

122,220

4 of 5

For the year ended 31 March 2018

VIKINGCOACHES.COM LTD

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2017

2018

Bank loans and overdraft

43,842

Trade creditors

117,373

Taxation and social security

105,735

68,587

Other creditors

136,222

(3,171)

285,799

182,789

6. Trade and other payables: amounts falling due after more than one year

2017

2018

Other creditors

257,795

376,741

5 of 5