VIATEL TECHNOLOGY UK LTD

Company Registration Number:
NI657758 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

VIATEL TECHNOLOGY UK LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

VIATEL TECHNOLOGY UK LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company is the design, delivery, deployment and management of Information Technology systems.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Paul Rellis
Gina Laverty


Secretary Gina Laverty

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 June 2024

And signed on behalf of the board by:
Name: Paul Rellis
Status: Director

VIATEL TECHNOLOGY UK LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 8 months to 31 December 2022


£

£
Turnover: 1,595,626 1,307,497
Cost of sales: ( 1,237,775 ) ( 988,096 )
Gross profit(or loss): 357,851 319,401
Administrative expenses: ( 403,700 ) ( 325,056 )
Operating profit(or loss): (45,849) (5,655)
Profit(or loss) before tax: (45,849) (5,655)
Tax: ( 14,723 ) ( 13,367 )
Profit(or loss) for the financial year: (60,572) (19,022)

VIATEL TECHNOLOGY UK LTD

Balance sheet

As at 31 December 2023

Notes 2023 8 months to 31 December 2022


£

£
Fixed assets
Intangible assets: 3 0 106,439
Tangible assets: 4 4,111 6,502
Total fixed assets: 4,111 112,941
Current assets
Stocks: 5 13,006 7,434
Debtors: 6 239,185 286,389
Cash at bank and in hand: 210,605 159,253
Total current assets: 462,796 453,076
Creditors: amounts falling due within one year: 7 ( 601,313 ) ( 639,851 )
Net current assets (liabilities): (138,517) (186,775)
Total assets less current liabilities: (134,406) ( 73,834)
Total net assets (liabilities): (134,406) (73,834)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (134,407 ) (73,835 )
Total Shareholders' funds: ( 134,406 ) (73,834)

The notes form part of these financial statements

VIATEL TECHNOLOGY UK LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 June 2024
and signed on behalf of the board by:

Name: Paul Rellis
Status: Director

The notes form part of these financial statements

VIATEL TECHNOLOGY UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows: Leasehold improvements depreciated over the life of the lease Fixtures and fittings 6 - 7 years straight line Computer equipment 3 years straight line Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Intangible fixed assets amortisation policy

    Intangible assets are stated at cost or valuation, net of amortisation and any prov1s1on for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows: Goodwill 5 years straight line

    Valuation information and policy

    Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

VIATEL TECHNOLOGY UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 8 months to 31 December 2022
    Average number of employees during the period 5 5

VIATEL TECHNOLOGY UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 532,195 532,195
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 532,195 532,195
Amortisation
At 1 January 2023 425,756 425,756
Charge for year 106,439 106,439
On disposals
Other adjustments
At 31 December 2023 532,195 532,195
Net book value
At 31 December 2023 0 0
At 31 December 2022 106,439 106,439

VIATEL TECHNOLOGY UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 3,920 6,144 20,300 30,364
Additions 1,856 1,856
Disposals ( 18,547 ) ( 18,547 )
Revaluations
Transfers
At 31 December 2023 3,920 6,144 3,609 13,673
Depreciation
At 1 January 2023 2,787 3,430 17,645 23,862
Charge for year 784 921 2,542 4,247
On disposals ( 18,547 ) ( 18,547 )
Other adjustments
At 31 December 2023 3,571 4,351 1,640 9,562
Net book value
At 31 December 2023 349 1,793 1,969 4,111
At 31 December 2022 1,133 2,714 2,655 6,502

VIATEL TECHNOLOGY UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

2023 8 months to 31 December 2022
£ £
Stocks 13,006 7,434
Total 13,006 7,434

VIATEL TECHNOLOGY UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 8 months to 31 December 2022
£ £
Trade debtors 170,827 243,841
Prepayments and accrued income 68,358 42,548
Total 239,185 286,389

VIATEL TECHNOLOGY UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 8 months to 31 December 2022
£ £
Trade creditors 247,728 271,798
Taxation and social security 14,799 24,309
Accruals and deferred income 113,448 91,108
Other creditors 225,338 252,636
Total 601,313 639,851