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REGISTERED NUMBER: 03614853 (England and Wales)
















Unaudited Financial Statements

for the Period 1 December 2024 to 31 January 2025

for

Victoria Systems Limited

Victoria Systems Limited (Registered number: 03614853)






Contents of the Financial Statements
for the Period 1 December 2024 to 31 January 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Victoria Systems Limited

Company Information
for the Period 1 December 2024 to 31 January 2025







DIRECTORS: P A Grimmett
D A Grimmett
Mrs A J Grimmett





SECRETARY: Mrs A J Grimmett





REGISTERED OFFICE: Unit 4401 Oakfield Close
Tewkesbury Business Park
Northway
Tewkesbury
Gloucestershire
GL20 8PF





REGISTERED NUMBER: 03614853 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Victoria Systems Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Victoria Systems Limited for the period ended 31 January 2025 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Victoria Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Victoria Systems Limited and state those matters that we have agreed to state to the Board of Directors of Victoria Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Victoria Systems Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Victoria Systems 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 Victoria Systems Limited. You consider that Victoria Systems Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Victoria Systems 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.






Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

Victoria Systems Limited (Registered number: 03614853)

Balance Sheet
31 January 2025

31.1.25 30.11.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 760,847 783,687

CURRENT ASSETS
Stocks 105,611 115,000
Debtors 5 58,293 282,178
Prepayments and accrued income 5,569 7,444
Cash in hand 789 892
170,262 405,514
CREDITORS
Amounts falling due within one year 6 437,070 596,371
NET CURRENT LIABILITIES (266,808 ) (190,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,039

592,830

CREDITORS
Amounts falling due after more than one
year

7

17,843

45,042
NET ASSETS 476,196 547,788

CAPITAL AND RESERVES
Called up share capital 20 20
Fair value reserve - 400,000
Retained earnings 476,176 147,768
476,196 547,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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.

Victoria Systems Limited (Registered number: 03614853)

Balance Sheet - continued
31 January 2025


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 7 March 2025 and were signed on its behalf by:





D A Grimmett - Director


Victoria Systems Limited (Registered number: 03614853)

Notes to the Financial Statements
for the Period 1 December 2024 to 31 January 2025

1. STATUTORY INFORMATION

Victoria Systems Limited 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 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
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 24 (2024 - NIL ) .

Victoria Systems Limited (Registered number: 03614853)

Notes to the Financial Statements - continued
for the Period 1 December 2024 to 31 January 2025

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2024 449,599 290,179 144,458 884,236
Additions - 256 - 256
Disposals - (40,377 ) - (40,377 )
Revaluations 400,000 - - 400,000
At 31 January 2025 849,599 250,058 144,458 1,244,115
DEPRECIATION
At 1 December 2024 110,649 250,738 122,028 483,415
Charge for period 5,580 5,301 5,607 16,488
Eliminated on disposal - (16,635 ) - (16,635 )
At 31 January 2025 116,229 239,404 127,635 483,268
NET BOOK VALUE
At 31 January 2025 733,370 10,654 16,823 760,847
At 30 November 2024 338,950 39,441 22,430 400,821

Cost or valuation at 31 January 2025 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2025 400,000 - - 400,000
Cost 449,599 250,058 144,458 844,115
849,599 250,058 144,458 1,244,115

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 30.11.24
£    £   
Trade debtors 35,718 247,801
Other debtors 1,500 1,500
Tax 2,675 2,675
Deferred tax asset 18,400 30,202
58,293 282,178

Victoria Systems Limited (Registered number: 03614853)

Notes to the Financial Statements - continued
for the Period 1 December 2024 to 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 30.11.24
£    £   
Bank loans and overdrafts 90,138 148,403
Hire purchase contracts 7,079 14,848
Trade creditors 62,112 94,538
Social security and other taxes 42,410 53,098
VAT 69,568 92,689
Directors Loan Account 125,679 95,679
Deferred income 27,410 82,009
Accrued expenses 12,674 15,107
437,070 596,371

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 30.11.24
£    £   
Bank loans - 1-2 years 6,705 6,500
Bank loans - 2-5 years - 2,298
Hire purchase contracts 11,138 36,244
17,843 45,042

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 30.11.24
£    £   
Bank overdraft 80,138 -
Bank loans 16,705 -
Hire purchase contracts 18,217 -
115,060 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A J Grimmett.