VIOSMART MARKETPLACE LIMITED

Company Registration Number:
12757135 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

VIOSMART MARKETPLACE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7

VIOSMART MARKETPLACE LIMITED

Company Information

for the Period Ended 31 December 2023




Director: Mr D McNeill-McCallum
Mrs E J McNeill-McCallum
Registered office: 167-169
Great Portland Street
5th Floor
London
England
W1W 5PF
Company Registration Number: 12757135 (England and Wales)

VIOSMART MARKETPLACE LIMITED

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
Mr D McNeill-McCallum
Mrs E J McNeill-McCallum

This report was approved by the board of directors on 25 August 2024
And Signed On Behalf Of The Board By:

Name: Mr D McNeill-McCallum
Status: Director

Name: Mrs E J McNeill-McCallum
Status: Director

VIOSMART MARKETPLACE LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Cash at bank and in hand: 8,890 221
Total current assets: 8,890 221
Creditors: amounts falling due within one year: ( 224,393 ) ( 205,106 )
Net current assets (liabilities): ( 215,503 ) ( 204,885 )
Total assets less current liabilities: ( 215,503 ) ( 204,885 )
Total net assets (liabilities): ( 215,503 ) ( 204,885 )

The notes form part of these financial statements

VIOSMART MARKETPLACE LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 215,504 ) ( 204,886 )
Shareholders funds: ( 215,503 ) ( 204,885 )

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 August 2024
And Signed On Behalf Of The Board By:

Name: Mr D McNeill-McCallum
Status: Director

Name: Mrs E J McNeill-McCallum
Status: Director

The notes form part of these financial statements

VIOSMART MARKETPLACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

    When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

    Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials as a
    proportion of total costs.Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

VIOSMART MARKETPLACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

VIOSMART MARKETPLACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    Financial commitments

    The company has a contingent liability of £42,148. This is subject to an unsettled dispute. The possibility of reimbursement and timing of any outflow will be determined as part of the settlement of the dispute.

VIOSMART MARKETPLACE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4.1.Related party disclosures

Name of related party: McNeill-McCallum Ventures Limited
Description of relationship:
Viosmart Marketplace Limited and McNeill-McCallum Ventures Limited are both controlled by Mr and Mrs McNeill-McCallum
Description of the transaction:
McNeill-McCallum Ventures Limited has provided a revolving loan facility to Viosmart Marketplace Limited. This loan is subject to interest as agreed between both companies and will be repaid in full.
Balance at 01 January 2023 188,442
Balance at 31 December 2023 199,878