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Registered number: 03997772
Viamar Ltd.
Financial Statements
For The Year Ended 31 December 2023
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03997772
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,633 1,921
1,633 1,921
CURRENT ASSETS
Stocks 5 2,625 6,204
Debtors 6 3,081 5,351
Cash at bank and in hand 41,525 31,654
47,231 43,209
Creditors: Amounts Falling Due Within One Year 7 (15,696 ) (16,793 )
NET CURRENT ASSETS (LIABILITIES) 31,535 26,416
TOTAL ASSETS LESS CURRENT LIABILITIES 33,168 28,337
NET ASSETS 33,168 28,337
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 32,168 27,337
SHAREHOLDERS' FUNDS 33,168 28,337
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs M A Vigolo
Director
29th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Viamar Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03997772 . The registered office is 55 Hoghton Street, Southport, Merseyside, PR9 0PG. The financial statements are presented in the company's presentation currency of GBP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15^reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 7,840
As at 31 December 2023 7,840
Depreciation
As at 1 January 2023 5,919
Provided during the period 288
As at 31 December 2023 6,207
Net Book Value
As at 31 December 2023 1,633
As at 1 January 2023 1,921
5. Stocks
2023 2022
£ £
Stock 2,625 6,204
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,081 5,351
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,636 100
Other creditors 2,553 2,546
Taxation and social security 11,507 14,147
15,696 16,793
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
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