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REGISTERED NUMBER: 10641118 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

VIKING LOGISTICS LIMITED

VIKING LOGISTICS LIMITED (REGISTERED NUMBER: 10641118)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIKING LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: J J Zlotek





REGISTERED OFFICE: Epsilon House
West Road
Ransomes Europark
Ipswich
Suffolk
IP3 9FJ





REGISTERED NUMBER: 10641118 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

VIKING LOGISTICS LIMITED (REGISTERED NUMBER: 10641118)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,512 1,751
Tangible assets 5 2,106,618 1,384,871
2,109,130 1,386,622

CURRENT ASSETS
Debtors 6 1,403,426 1,143,371
Cash at bank 286,958 589,807
1,690,384 1,733,178
CREDITORS
Amounts falling due within one year 7 905,890 878,102
NET CURRENT ASSETS 784,494 855,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,893,624

2,241,698

CREDITORS
Amounts falling due after more than one
year

8

(1,136,580

)

(707,064

)

PROVISIONS FOR LIABILITIES (396,675 ) (302,129 )
NET ASSETS 1,360,369 1,232,505

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,360,269 1,232,405
1,360,369 1,232,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

VIKING LOGISTICS LIMITED (REGISTERED NUMBER: 10641118)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 25 November 2024 and were signed by:





J J Zlotek - Director


VIKING LOGISTICS LIMITED (REGISTERED NUMBER: 10641118)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Viking Logistics 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 represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

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.
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and Straight line over estimated useful life

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.

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.

VIKING LOGISTICS LIMITED (REGISTERED NUMBER: 10641118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023 1,751
Additions 761
At 29 February 2024 2,512
NET BOOK VALUE
At 29 February 2024 2,512
At 28 February 2023 1,751

VIKING LOGISTICS LIMITED (REGISTERED NUMBER: 10641118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 1,642,837
Additions 1,044,602
Disposals (25,980 )
At 29 February 2024 2,661,459
DEPRECIATION
At 1 March 2023 257,966
Charge for year 300,531
Eliminated on disposal (3,656 )
At 29 February 2024 554,841
NET BOOK VALUE
At 29 February 2024 2,106,618
At 28 February 2023 1,384,871

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 1,249,753
Additions 1,023,246
At 29 February 2024 2,272,999
DEPRECIATION
At 1 March 2023 187,724
Charge for year 228,290
At 29 February 2024 416,014
NET BOOK VALUE
At 29 February 2024 1,856,985
At 28 February 2023 1,062,029

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 687,651 493,429
Other debtors 715,775 649,942
1,403,426 1,143,371

VIKING LOGISTICS LIMITED (REGISTERED NUMBER: 10641118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 77,750 77,751
Hire purchase contracts 375,461 254,665
Trade creditors 325,020 282,186
Taxation and social security 45,202 217,283
Other creditors 82,457 46,217
905,890 878,102

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 55,183 127,208
Hire purchase contracts 1,081,397 579,856
1,136,580 707,064

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
J J Zlotek
Balance outstanding at start of year 163,576 51,244
Amounts advanced 126,138 178,606
Amounts repaid (95,645 ) (66,274 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 194,069 163,576