PTP Accounts Production v22.1.0.628 04624804 director 1.4.22 31.3.23 31.3.23 false true false false false true false Fair value model Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure046248042022-03-31046248042023-03-31046248042022-04-012023-03-31046248042021-03-31046248042021-04-012022-03-31046248042022-03-3104624804ns16:EnglandWales2022-04-012023-03-3104624804ns15:PoundSterling2022-04-012023-03-3104624804ns11:Director12022-04-012023-03-3104624804ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3104624804ns11:SmallEntities2022-04-012023-03-3104624804ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3104624804ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104624804ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104624804ns11:FullAccounts2022-04-012023-03-310462480412022-04-012023-03-3104624804ns11:OrdinaryShareClass12022-04-012023-03-3104624804ns11:RegisteredOffice2022-04-012023-03-3104624804ns6:CurrentFinancialInstruments2023-03-3104624804ns6:CurrentFinancialInstruments2022-03-3104624804ns6:ShareCapital2023-03-3104624804ns6:ShareCapital2022-03-3104624804ns6:RetainedEarningsAccumulatedLosses2023-03-3104624804ns6:RetainedEarningsAccumulatedLosses2022-03-3104624804ns6:LandBuildings2022-04-012023-03-3104624804ns6:PlantMachinery2022-04-012023-03-3104624804ns6:IntangibleAssetsOtherThanGoodwill2022-03-3104624804ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104624804ns6:IntangibleAssetsOtherThanGoodwill2023-03-3104624804ns6:IntangibleAssetsOtherThanGoodwill2022-03-3104624804ns6:LandBuildings2022-03-3104624804ns6:PlantMachinery2022-03-3104624804ns6:LandBuildings2023-03-3104624804ns6:PlantMachinery2023-03-3104624804ns6:LandBuildings2022-03-3104624804ns6:PlantMachinery2022-03-3104624804ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3104624804ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3104624804ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 04624804 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Victoria Solutions Limited

Victoria Solutions Limited (Registered number: 04624804)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Victoria Solutions Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr DJ Bayne





REGISTERED OFFICE: Sentry House
110B Northgate Street
Bury St Edmunds
Suffolk
IP33 1HP





REGISTERED NUMBER: 04624804 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

Victoria Solutions Limited (Registered number: 04624804)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 118 157
Tangible assets 5 294,188 295,949
Investment property 6 1,253,749 1,042,063
1,548,055 1,338,169

CURRENT ASSETS
Stocks 37,641 -
Debtors 7 552,620 450,749
Cash at bank 758,373 704,896
1,348,634 1,155,645
CREDITORS
Amounts falling due within one year 8 867,886 835,539
NET CURRENT ASSETS 480,748 320,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,028,803

1,658,275

PROVISIONS FOR LIABILITIES 37 148
NET ASSETS 2,028,766 1,658,127

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,028,666 1,658,027
SHAREHOLDERS' FUNDS 2,028,766 1,658,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Victoria Solutions Limited (Registered number: 04624804)

Statement of Financial Position - continued
31 March 2023


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 director and authorised for issue on 9 November 2023 and were signed by:





Mr DJ Bayne - Director


Victoria Solutions Limited (Registered number: 04624804)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Victoria Solutions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

Computer equipment - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Victoria Solutions Limited (Registered number: 04624804)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 16 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 5,809
AMORTISATION
At 1 April 2022 5,652
Charge for year 39
At 31 March 2023 5,691
NET BOOK VALUE
At 31 March 2023 118
At 31 March 2022 157

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 279,637 86,032 365,669
Additions - 3,088 3,088
At 31 March 2023 279,637 89,120 368,757
DEPRECIATION
At 1 April 2022 - 69,720 69,720
Charge for year - 4,849 4,849
At 31 March 2023 - 74,569 74,569
NET BOOK VALUE
At 31 March 2023 279,637 14,551 294,188
At 31 March 2022 279,637 16,312 295,949

Victoria Solutions Limited (Registered number: 04624804)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,042,063
Additions 211,686
At 31 March 2023 1,253,749
NET BOOK VALUE
At 31 March 2023 1,253,749
At 31 March 2022 1,042,063

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 541,975 422,203
Other debtors 10,645 28,546
552,620 450,749

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 8,129 30,049
Taxation and social security 189,649 174,634
Other creditors 670,108 630,856
867,886 835,539

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary shares £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr DJ Bayne.

The ultimate controlling party is Mr DJ Bayne.