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REGISTERED NUMBER: 03787714 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Viking Transport Limited

Viking Transport Limited (Registered number: 03787714)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Viking Transport Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: N S Scothern





SECRETARY: N S Scothern





REGISTERED OFFICE: Mansfield Road
Derby
Derbyshire
DE21 4AW





REGISTERED NUMBER: 03787714 (England and Wales)

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Viking Transport Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Viking Transport Limited for the year ended 30 June 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Viking Transport Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Viking Transport Limited and state those matters that we have agreed to state to the director of Viking Transport Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Viking Transport Limited and its director for our work or for this report.

It is your duty to ensure that Viking Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Viking Transport Limited. You consider that Viking Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Viking Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M.J.Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Wyvern Business Park
Derby
DE21 6BF


16 September 2024

Viking Transport Limited (Registered number: 03787714)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 278,976 257,776
Investments 6 1,250 1,250
280,226 259,026

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 7 463,710 434,173
Prepayments and accrued income 54,591 66,090
Cash at bank 255,470 247,662
775,771 749,925
CREDITORS
Amounts falling due within one year 8 382,645 368,447
NET CURRENT ASSETS 393,126 381,478
TOTAL ASSETS LESS CURRENT LIABILITIES 673,352 640,504

CREDITORS
Amounts falling due after more than one year 9 (26,745 ) (44,039 )

PROVISIONS FOR LIABILITIES (69,744 ) (64,444 )

ACCRUALS AND DEFERRED INCOME (8,905 ) (8,470 )
NET ASSETS 567,958 523,551

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 567,928 523,521
SHAREHOLDERS' FUNDS 567,958 523,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 16 September 2024 and were signed by:



N S Scothern - Director


Viking Transport Limited (Registered number: 03787714)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Viking Transport 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.

Turnover
Turnover is measured at the invoiced value of sales of services including the value of work in progress.

Turnover from the services provided is recognised when the service has been provided. The amount of turnover can be measured reliably and when it is probable that the economic benefits associated will transfer to the company, typically on delivery of the services.

Work in progress is calculated from the sales in progress and invoiced after the year end. This includes a relevant proportion of profit.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Office equipment - 15% on cost
Tools and equipment - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Viking Transport Limited (Registered number: 03787714)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments
Fixed asset investments are included at cost less impairment (in the absence of a reliable estimate of fair value).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Office Tools and Motor Computer
equipment equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 5,299 101,205 432,790 12,610 551,904
Additions - 2,787 133,756 651 137,194
Disposals - (3,919 ) (89,370 ) - (93,289 )
At 30 June 2024 5,299 100,073 477,176 13,261 595,809
DEPRECIATION
At 1 July 2023 4,627 58,783 218,108 12,610 294,128
Charge for year 213 9,983 91,163 162 101,521
Eliminated on disposal - (2,956 ) (75,860 ) - (78,816 )
At 30 June 2024 4,840 65,810 233,411 12,772 316,833
NET BOOK VALUE
At 30 June 2024 459 34,263 243,765 489 278,976
At 30 June 2023 672 42,422 214,682 - 257,776

Viking Transport Limited (Registered number: 03787714)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Tools and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 59,061 69,438 128,499
DEPRECIATION
At 1 July 2023 28,941 18,597 47,538
Charge for year 6,090 17,360 23,450
At 30 June 2024 35,031 35,957 70,988
NET BOOK VALUE
At 30 June 2024 24,030 33,481 57,511
At 30 June 2023 30,120 50,841 80,961

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 July 2023
and 30 June 2024 1,250
NET BOOK VALUE
At 30 June 2024 1,250
At 30 June 2023 1,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 463,710 434,173

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 17,904 24,868
Trade creditors 257,311 263,998
Taxation and social security 92,618 78,880
Other creditors 14,812 701
382,645 368,447

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 26,745 44,039

Viking Transport Limited (Registered number: 03787714)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 20,045 27,935
Between one and five years 29,689 49,123
49,734 77,058

Finance charges repayable:
Within one year 2,141 3,067
Between one and five years 2,944 5,084
5,085 8,151

Net obligations repayable:
Within one year 17,904 24,868
Between one and five years 26,745 44,039
44,649 68,907

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 44,649 68,907