VICWAY LIMITED

Company Registration Number:
01229241 (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

VICWAY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

VICWAY LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 38,167 39,369
Total fixed assets: 38,167 39,369
Current assets
Stocks: 180,827 158,793
Debtors:   279,994 128,219
Cash at bank and in hand: 1,021,406 1,020,490
Investments:   2,083,749 2,040,247
Total current assets: 3,565,976 3,347,749
Creditors: amounts falling due within one year: 4 (246,681) (132,491)
Net current assets (liabilities): 3,319,295 3,215,258
Total assets less current liabilities: 3,357,462 3,254,627
Total net assets (liabilities): 3,357,462 3,254,627
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,357,362 3,254,527
Shareholders funds: 3,357,462 3,254,627

The notes form part of these financial statements

VICWAY LIMITED

Balance sheet statements

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: P R Mehta
Status: Director

The notes form part of these financial statements

VICWAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Land and buildings - 2% on cost Plant and machinery - 25% on reducing balance

Other accounting policies

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 balance sheet date.

VICWAY 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

VICWAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 71,556
Additions 458
At 31 December 2023 72,014
Depreciation
At 01 January 2023 32,187
Charge for year 1,660
At 31 December 2023 33,847
Net book value
At 31 December 2023 38,167
At 31 December 2022 39,369

VICWAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Trade creditors - £153,352 Taxation and social security - £28,747 Other creditors - £64,582