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REGISTERED NUMBER: 07962493 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

VISCOUNT MACHINES LTD

VISCOUNT MACHINES LTD (REGISTERED NUMBER: 07962493)

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


VISCOUNT MACHINES LTD

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: Mr P M Jennings





REGISTERED OFFICE: Hartfield Place
40 - 44 High Street
Northwood
Middlesex
HA6 1BN





REGISTERED NUMBER: 07962493 (England and Wales)





ACCOUNTANTS: Robert Clow & Co
Chartered Accountants
Hartfield Place
40 - 44 High Street
Northwood
Middlesex
HA6 1BN

VISCOUNT MACHINES LTD (REGISTERED NUMBER: 07962493)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,927 21,236

CURRENT ASSETS
Debtors 5 42,511 43,206
Cash at bank 8,136 6,659
50,647 49,865
CREDITORS
Amounts falling due within one year 6 45,997 40,798
NET CURRENT ASSETS 4,650 9,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,577

30,303

CREDITORS
Amounts falling due after more than one
year

7

18,729

29,081
NET ASSETS 1,848 1,222

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 1,847 1,221
SHAREHOLDERS' FUNDS 1,848 1,222

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.

VISCOUNT MACHINES LTD (REGISTERED NUMBER: 07962493)

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 22 November 2024 and were signed by:





Mr P M Jennings - Director


VISCOUNT MACHINES LTD (REGISTERED NUMBER: 07962493)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Viscount Machines Ltd 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.

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

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

VISCOUNT MACHINES LTD (REGISTERED NUMBER: 07962493)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 32,854
DEPRECIATION
At 1 March 2023 11,618
Charge for year 5,309
At 29 February 2024 16,927
NET BOOK VALUE
At 29 February 2024 15,927
At 28 February 2023 21,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 15,554 16,706
Other debtors 26,957 26,500
42,511 43,206

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,363 1,188
Hire purchase contracts 6,816 6,816
Taxation and social security 32,264 27,498
Other creditors 5,554 5,296
45,997 40,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 11,569 16,511
Hire purchase contracts 7,160 12,570
18,729 29,081

VISCOUNT MACHINES LTD (REGISTERED NUMBER: 07962493)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 March 2023 1,221
Profit for the year 20,126
Dividends (19,500 )
At 29 February 2024 1,847

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £20,000 (2022: £20,000) owed by the director. Interest has been charged thereon at 2.25%.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £19,500 (2023 - £9,181) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P M Jennings.