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REGISTERED NUMBER: SC338855 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

VIPER RF LIMITED

VIPER RF LIMITED (REGISTERED NUMBER: SC338855)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIPER RF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr S S M Chan
Mr J G E Mayock



REGISTERED OFFICE: C/o Pinsent Masons
13 Queen's Road
Aberdeen
AB15 4YL



REGISTERED NUMBER: SC338855 (Scotland)



ACCOUNTANTS: Sanders Swinbank Limited
Chartered Accountants and Business Advisers
North Point
Faverdale North
Darlington
Co. Durham
DL3 0PH



BANKERS: Clydesdale Bank
Business Direct
40 St Vincent Place
Glasgow
G1 2HL

VIPER RF LIMITED (REGISTERED NUMBER: SC338855)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 302,379 300,606
Investments 5 85,419 88,230
387,798 388,836

CURRENT ASSETS
Stocks 303,076 107,150
Debtors 6 513,205 514,751
Cash at bank 857,685 595,055
1,673,966 1,216,956
CREDITORS
Amounts falling due within one year 7 387,537 119,750
NET CURRENT ASSETS 1,286,429 1,097,206
TOTAL ASSETS LESS CURRENT LIABILITIES 1,674,227 1,486,042

CREDITORS
Amounts falling due after more than one
year

8

(104,621

)

(116,393

)

PROVISIONS FOR LIABILITIES (21,164 ) (20,074 )
NET ASSETS 1,548,442 1,349,575

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 1,548,440 1,349,573
SHAREHOLDERS' FUNDS 1,548,442 1,349,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VIPER RF LIMITED (REGISTERED NUMBER: SC338855)

BALANCE SHEET - continued
30TH APRIL 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 Board of Directors and authorised for issue on 31st January 2025 and were signed on its behalf by:





Mr J G E Mayock - Director


VIPER RF LIMITED (REGISTERED NUMBER: SC338855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Viper RF Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

Work in progress
Work in progress is measured as the percentage sales value of the contract completed, less partial invoicing and invoicing on account. The sales value is measured on the basis of stage completion at the balance sheet date and the total expected earnings from the individual contract.

Grants received
Grants received are recognised in the profit and loss account based on the performance model. A grant which does not impose specified future performance conditions is recognised as revenue when the grant proceeds are received or are receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

VIPER RF LIMITED (REGISTERED NUMBER: SC338855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. TANGIBLE FIXED ASSETS
Freehold Improvements Plant and
property to property machinery
£ £ £
COST
At 1st May 2023 219,041 86,480 307,471
Additions - - 32,505
At 30th April 2024 219,041 86,480 339,976
DEPRECIATION
At 1st May 2023 24,089 53,151 252,678
Charge for year 3,960 8,652 18,841
At 30th April 2024 28,049 61,803 271,519
NET BOOK VALUE
At 30th April 2024 190,992 24,677 68,457
At 30th April 2023 194,952 33,329 54,793

Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1st May 2023 24,444 43,159 680,595
Additions 1,472 7,037 41,014
At 30th April 2024 25,916 50,196 721,609
DEPRECIATION
At 1st May 2023 12,558 37,513 379,989
Charge for year 3,194 4,594 39,241
At 30th April 2024 15,752 42,107 419,230
NET BOOK VALUE
At 30th April 2024 10,164 8,089 302,379
At 30th April 2023 11,886 5,646 300,606

VIPER RF LIMITED (REGISTERED NUMBER: SC338855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST OR VALUATION
At 1st May 2023 88,230
Revaluations (2,811 )
At 30th April 2024 85,419
NET BOOK VALUE
At 30th April 2024 85,419
At 30th April 2023 88,230

Cost or valuation at 30th April 2024 is represented by:

Shares in
group
undertakings
£
Valuation in 2022 83,271
Valuation in 2023 4,959
Valuation in 2024 (2,811 )
85,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 428,730 499,628
Other debtors 84,475 15,123
513,205 514,751

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 11,771 42,223
Trade creditors 272,701 51,529
Taxation and social security 27,438 (60,985 )
Other creditors 75,627 86,983
387,537 119,750

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 104,621 116,393

VIPER RF LIMITED (REGISTERED NUMBER: SC338855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans due to be repaid in more than 5
years by instalments

104,621

116,393

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdraft - 31,125
Bank loans 116,392 127,491
116,392 158,616

The business overdraft facility is secured by the guarantee of the directors, Mr S S M Chan and Mr J G E Mayock.

The bank loan facility is secured on the property of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2