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REGISTERED NUMBER: 03717102 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Viking PCB Equipment Limited

Viking PCB Equipment Limited (Registered number: 03717102)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Viking PCB Equipment Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S M Kelly
J R Kelly
K J Harfield





REGISTERED OFFICE: Unit 5 Bedford Road
Petersfield
United Kingdom
Hampshire
GU32 3LJ





REGISTERED NUMBER: 03717102 (England and Wales)





ACCOUNTANTS: Andrew Spencer Associates Limited
Chartered Certified Accountants
328 Chatsworth Avenue
Cosham
Portsmouth
Hampshire
PO6 2UP

Viking PCB Equipment Limited (Registered number: 03717102)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,873,971 1,901,158

CURRENT ASSETS
Debtors 5 45,349 24,250
Cash at bank 7,762 6,024
53,111 30,274
CREDITORS
Amounts falling due within one year 6 (137,248 ) (76,433 )
NET CURRENT LIABILITIES (84,137 ) (46,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,789,834

1,854,999

CREDITORS
Amounts falling due after more than one
year

7

(1,202,063

)

(1,240,463

)

PROVISIONS FOR LIABILITIES (12,400 ) (12,400 )
NET ASSETS 575,371 602,136

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 22,965 22,965
Retained earnings 552,306 579,071
575,371 602,136

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

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

The directors acknowledge their 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.

Viking PCB Equipment Limited (Registered number: 03717102)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:




J R Kelly - Director



S M Kelly - Director


Viking PCB Equipment Limited (Registered number: 03717102)

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

1. STATUTORY INFORMATION

Viking PCB Equipment 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Viking PCB Equipment Limited (Registered number: 03717102)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 1,900,000 5,076 1,905,076
DEPRECIATION
At 1 January 2023 - 3,918 3,918
Charge for year 26,898 289 27,187
At 31 December 2023 26,898 4,207 31,105
NET BOOK VALUE
At 31 December 2023 1,873,102 869 1,873,971
At 31 December 2022 1,900,000 1,158 1,901,158

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 28,365 - 28,365
Valuation in 2022 169,218 - 169,218
Cost 1,702,417 5,076 1,707,493
1,900,000 5,076 1,905,076

If Freehold land and buildings had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 1,702,417 1,702,417
Aggregate depreciation 93,432 93,432

Value of land in freehold land and buildings 1,608,985 1,608,985

Freehold land and buildings were valued on an open market basis on 31 December 2019 by Vail Williams, Property Consultants .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 45,349 24,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 38,400 37,330
Trade creditors 8,523 7,224
Amounts owed to group undertakings 81,000 24,148
Taxation and social security 7,175 5,429
Other creditors 2,150 2,302
137,248 76,433

Viking PCB Equipment Limited (Registered number: 03717102)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 1,202,063 1,240,463

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 22,965