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Company Registration No. 04745955 (England and Wales)
VICTORIA BUILDING COMPANY LIMITED Unaudited accounts for the year ended 30 April 2024
VICTORIA BUILDING COMPANY LIMITED Unaudited accounts Contents
Page
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VICTORIA BUILDING COMPANY LIMITED Company Information for the year ended 30 April 2024
Directors
Mr C Gray Mr N Gray Mr S Gray
Secretary
Mr C Gray
Company Number
04745955 (England and Wales)
Registered Office
10 New Street Ossett West Yorkshire WF5 8BH England
Accountants
Clear Accountancy Services (Yorkshire) Ltd 10 New Street Ossett West Yorkshire WF5 8BH
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VICTORIA BUILDING COMPANY LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,593 
19,521 
Investment property
125,000 
125,000 
141,593 
144,521 
Current assets
Inventories
2,875 
2,875 
Debtors
26,805 
38,904 
Cash at bank and in hand
107,997 
71,239 
137,677 
113,018 
Creditors: amounts falling due within one year
(69,481)
(65,822)
Net current assets
68,196 
47,196 
Total assets less current liabilities
209,789 
191,717 
Creditors: amounts falling due after more than one year
(111,892)
(115,642)
Provisions for liabilities
Other provisions
(1,528)
(1,528)
Net assets
96,369 
74,547 
Capital and reserves
Called up share capital
800 
800 
Profit and loss account
95,569 
73,747 
Shareholders' funds
96,369 
74,547 
For the year ending 30 April 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by
Mr C Gray Director Company Registration No. 04745955
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VICTORIA BUILDING COMPANY LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
VICTORIA BUILDING COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04745955. The registered office is 10 New Street, Ossett, West Yorkshire, WF5 8BH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1. At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.
Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33.3% on reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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VICTORIA BUILDING COMPANY LIMITED Notes to the Accounts for the year ended 30 April 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
83,200 
At 30 April 2024
83,200 
Amortisation
At 1 May 2023
83,200 
At 30 April 2024
83,200 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
7,472 
43,258 
5,167 
2,483 
58,380 
At 30 April 2024
7,472 
43,258 
5,167 
2,483 
58,380 
Depreciation
At 1 May 2023
6,676 
24,733 
4,967 
2,483 
38,859 
Charge for the year
119 
2,779 
30 
- 
2,928 
At 30 April 2024
6,795 
27,512 
4,997 
2,483 
41,787 
Net book value
At 30 April 2024
677 
15,746 
170 
- 
16,593 
At 30 April 2023
796 
18,525 
200 
- 
19,521 
6
Investment property
2024 
£ 
Fair value at 1 May 2023
125,000 
At 30 April 2024
125,000 
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VICTORIA BUILDING COMPANY LIMITED Notes to the Accounts for the year ended 30 April 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
12,452 
Amounts due from group undertakings etc.
20,529 
20,529 
Accrued income and prepayments
1,348 
1,643 
Other debtors
4,928 
4,280 
26,805 
38,904 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,230 
3,230 
VAT
13,832 
5,709 
Trade creditors
23,368 
31,593 
Taxes and social security
23,769 
19,327 
Other creditors
2,282 
2,309 
Loans from directors
1,000 
929 
Accruals
2,000 
2,725 
69,481 
65,822 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
111,892 
115,642 
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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