Vikorta Ltd |
Notes to the Accounts |
for the year ended 30 June 2022 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. Freehold buildings are not depreciated as it is not considered this will reflect the true value of the buildings which are kept in good state of repair. |
|
|
Freehold buildings |
None |
|
Plant and machinery |
25% reducing balance method |
|
|
Investments |
|
Listed investments are measured at cost unless fair value is considered to give a more accurate view. Changes in fair value are included in the profit and loss account. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
2 |
Employees |
2022 |
|
2021 |
Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2021 |
644,020 |
|
32,821 |
|
676,841 |
|
At 30 June 2022 |
644,020 |
|
32,821 |
|
676,841 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2021 |
- |
|
28,244 |
|
28,244 |
|
Charge for the year |
- |
|
687 |
|
687 |
|
At 30 June 2022 |
- |
|
28,931 |
|
28,931 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2022 |
644,020 |
|
3,890 |
|
647,910 |
|
At 30 June 2021 |
644,020 |
|
4,577 |
|
648,597 |
|
|
4 |
Investments |
Other |
investments |
£ |
|
Cost |
|
At 1 July 2021 |
6,361,700 |
|
Disposals |
(264,218) |
|
|
At 30 June 2022 |
6,097,482 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 July 2021 |
6,361,700 |
|
At 30 June 2022 |
6,097,482 |
|
|
|
|
|
|
|
|
|
|
|
5 |
Debtors |
2022 |
|
2021 |
£ |
£ |
|
|
Other debtors |
1,715 |
|
11,584 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
£ |
£ |
|
|
Taxation and social security costs |
2,389 |
|
10,063 |
|
Other creditors |
4,620 |
|
5,802 |
|
|
|
|
|
|
7,009 |
|
15,865 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
Vikorta Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Reach |
|
Remenham Lane |
|
Remenham |
|
Henlety on Thames |
|
RG9 3DD |