Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3113120true2023-04-01No description of principal activity7false6falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10700597 2023-04-01 2024-03-31 10700597 2022-04-01 2023-03-31 10700597 2024-03-31 10700597 2023-03-31 10700597 c:Director1 2023-04-01 2024-03-31 10700597 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 10700597 d:Buildings d:ShortLeaseholdAssets 2024-03-31 10700597 d:Buildings d:ShortLeaseholdAssets 2023-03-31 10700597 d:PlantMachinery 2023-04-01 2024-03-31 10700597 d:PlantMachinery 2024-03-31 10700597 d:PlantMachinery 2023-03-31 10700597 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10700597 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10700597 d:MotorVehicles 2023-04-01 2024-03-31 10700597 d:MotorVehicles 2024-03-31 10700597 d:MotorVehicles 2023-03-31 10700597 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10700597 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10700597 d:FurnitureFittings 2023-04-01 2024-03-31 10700597 d:FurnitureFittings 2024-03-31 10700597 d:FurnitureFittings 2023-03-31 10700597 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10700597 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10700597 d:OfficeEquipment 2023-04-01 2024-03-31 10700597 d:OfficeEquipment 2024-03-31 10700597 d:OfficeEquipment 2023-03-31 10700597 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10700597 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10700597 d:ComputerEquipment 2023-04-01 2024-03-31 10700597 d:ComputerEquipment 2024-03-31 10700597 d:ComputerEquipment 2023-03-31 10700597 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10700597 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10700597 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10700597 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10700597 d:CurrentFinancialInstruments 2024-03-31 10700597 d:CurrentFinancialInstruments 2023-03-31 10700597 d:Non-currentFinancialInstruments 2024-03-31 10700597 d:Non-currentFinancialInstruments 2023-03-31 10700597 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10700597 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10700597 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10700597 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10700597 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10700597 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10700597 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10700597 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10700597 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 10700597 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 10700597 d:ShareCapital 2024-03-31 10700597 d:ShareCapital 2023-03-31 10700597 d:RetainedEarningsAccumulatedLosses 2024-03-31 10700597 d:RetainedEarningsAccumulatedLosses 2023-03-31 10700597 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10700597 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10700597 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10700597 c:OrdinaryShareClass1 2024-03-31 10700597 c:OrdinaryShareClass1 2023-03-31 10700597 c:FRS102 2023-04-01 2024-03-31 10700597 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10700597 c:FullAccounts 2023-04-01 2024-03-31 10700597 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10700597 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 10700597 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 10700597 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 10700597 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 10700597 d:HirePurchaseContracts d:MoreThanFiveYears 2024-03-31 10700597 d:HirePurchaseContracts d:MoreThanFiveYears 2023-03-31 10700597 2 2023-04-01 2024-03-31 10700597 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10700597









VIVA IMPORT/EXPORT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
VIVA IMPORT/EXPORT LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VIVA IMPORT/EXPORT LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VIVA IMPORT/EXPORT LIMITED for the year ended 31 March 2024 which comprise the Balance Sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the director of VIVA IMPORT/EXPORT LIMITED in accordance with the terms of our engagement letter dated 14th September 2022Our work has been undertaken solely to prepare for your approval the financial statements of VIVA IMPORT/EXPORT LIMITED and state those matters that we have agreed to state to the director of VIVA IMPORT/EXPORT LIMITED in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VIVA IMPORT/EXPORT LIMITED and its director for our work or for this report. 

It is your duty to ensure that VIVA IMPORT/EXPORT 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 VIVA IMPORT/EXPORT LIMITED. You consider that VIVA IMPORT/EXPORT LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of VIVA IMPORT/EXPORT 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.

  



Hurkan Sayman & Co
 
Chartered Accountants
  
291 Green Lanes
Palmers Green
London
N13 4XS
4 December 2024
Page 1

 
VIVA IMPORT/EXPORT LIMITED
REGISTERED NUMBER: 10700597

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
167,767
77,847

  
167,767
77,847

Current assets
  

Stocks
  
823,432
581,411

Debtors: amounts falling due within one year
 5 
2,200,218
1,020,743

Cash at bank and in hand
 6 
122,606
27,389

  
3,146,256
1,629,543

Creditors: amounts falling due within one year
 7 
(1,481,166)
(922,897)

Net current assets
  
 
 
1,665,090
 
 
706,646

Total assets less current liabilities
  
1,832,857
784,493

Creditors: amounts falling due after more than one year
 8 
(324,636)
(11,057)

Provisions for liabilities
  

Deferred tax
 11 
(41,942)
(13,368)

  
 
 
(41,942)
 
 
(13,368)

Net assets
  
1,466,279
760,068


Capital and reserves
  

Called up share capital 
 12 
80,000
80,000

Profit and loss account
  
1,386,279
680,068

  
1,466,279
760,068


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 2

 
VIVA IMPORT/EXPORT LIMITED
REGISTERED NUMBER: 10700597
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 December 2024.




Ibrahim Erdogmus
Director

The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

VIVA IMPORT/EXPORT LIMITED is a private company limited by share capital, incorporated in England and Wales, registration number 10700597. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Short-term leasehold property
-
25%
Straight line
Plant and machinery
-
20%
Straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
Straight line
Office equipment
-
20%
Straight line
Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the
Page 7

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 8

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 6).


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 April 2023
66,877
10,294
18,577
5,644
2,489


Additions
-
25,924
30,895
83,905
19,097


Disposals
(14,397)
-
-
-
-



At 31 March 2024

52,480
36,218
49,472
89,549
21,586



Depreciation


At 1 April 2023
16,719
5,093
4,644
1,411
528


Charge for the year on owned assets
13,120
7,244
-
22,387
4,317


Charge for the year on financed assets
-
-
11,207
-
-


Disposals
(3,599)
-
-
-
-



At 31 March 2024

26,240
12,337
15,851
23,798
4,845



Net book value



At 31 March 2024
26,240
23,881
33,621
65,751
16,741



At 31 March 2023
50,158
5,202
13,933
4,233
1,961
Page 9

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)


Computer equipment
Total

£
£



Cost or valuation


At 1 April 2023
4,884
108,765


Additions
-
159,821


Disposals
(749)
(15,146)



At 31 March 2024

4,135
253,440



Depreciation


At 1 April 2023
2,524
30,919


Charge for the year on owned assets
827
47,895


Charge for the year on financed assets
-
11,207


Disposals
(749)
(4,348)



At 31 March 2024

2,602
85,673



Net book value



At 31 March 2024
1,533
167,767



At 31 March 2023
2,360
77,847


5.


Debtors

2024
2023
£
£


Trade debtors
1,050,970
1,015,897

Other debtors
1,149,248
4,846

2,200,218
1,020,743


Page 10

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
122,606
27,389

122,606
27,389



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
50,127
-

Payments received on account
-
1,655

Trade creditors
465,423
334,382

Bills of exchange
436,213
189,643

Corporation tax
211,644
65,259

Other taxation and social security
309,651
246,692

Obligations under finance lease and hire purchase contracts
2,513
2,203

Other creditors
2,595
80,583

Accruals and deferred income
3,000
2,480

1,481,166
922,897



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
316,092
-

Net obligations under finance leases and hire purchase contracts
8,544
11,057

324,636
11,057


Page 11

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,127
-

Amounts falling due 1-2 years

Bank loans
54,775
-

Amounts falling due 2-5 years

Bank loans
196,725
-

Amounts falling due after more than 5 years

Bank loans
64,593
-

366,220
-



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,513
2,203

Between 1-5 years
8,544
8,636

Over 5 years
-
2,421

11,057
13,260


11.


Deferred taxation




2024


£






At beginning of year
(13,368)


Charged to profit or loss
(28,574)



At end of year
(41,942)

Page 12

 
VIVA IMPORT/EXPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
11.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(41,942)
(13,368)

(41,942)
(13,368)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



80,000 (2023 - 80,000) Ordinary shares of £1.00 each
80,000
80,000



13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,120 (2023 - £3,290). Contributions totalling £1,527 (2023 - £1,182) were payable to the fund at the balance sheet date and are included in creditors.


14.


Transactions with directors

Directors 
Amounts owed to the Director bf:                     (£79,401)
Paid to the company:                                        (£71,000)
Paid to the Director:                                          £416,300
Interest                                                                 £4.088
Amounts owed by the director cf:                     £269,987
The Interest of £4,088 was charged on overdrawn loan amounts at HMRC's beneficial loan interest rate during the year.


15.


Related party transactions

Included within Other Debtors due within less than 1 year is a loan amount of £719,414 due from companies under common control (2023: £Nil). The loan is unsecured, free of interest and repayable on demand. 
The transactions were conducted between the company and its related parties were made on an arm's length basis, under normal commercial terms.

 
Page 13