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VIKER LIMITED

Registered Number
06290437
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

VIKER LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

BEASLEY, Daniel Andrew
CUSACK, Benjamin Michael Glyn
TAMA, Mayra

Registered Address

167-169 Great Portland Street
5th Floor
London
W1W 5PF

Registered Number

06290437 (England and Wales)
VIKER LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets39,25412,339
Investments411,25112,376
20,50524,715
Current assets
Debtors5,678,533161,912
Cash at bank and on hand181,528537,588
260,061699,500
Creditors amounts falling due within one year7(90,172)(343,402)
Net current assets (liabilities)169,889356,098
Total assets less current liabilities190,394380,813
Creditors amounts falling due after one year8(2,186,677)(2,195,920)
Net assets(1,996,283)(1,815,107)
Capital and reserves
Called up share capital152152
Share premium1,603,3971,603,397
Profit and loss account(3,599,832)(3,418,656)
Shareholders' funds(1,996,283)(1,815,107)
The financial statements were approved and authorised for issue by the Board of Directors on 18 March 2025, and are signed on its behalf by:
BEASLEY, Daniel Andrew
Director
Registered Company No. 06290437
VIKER LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
These unaudited financial statements have been prepared on a going concern basis, which presumes the realisation of assets and the discharge of liabilities in the normal course of business for the foreseeable future.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year911
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 April 232,48128,63931,120
At 31 March 242,48128,63931,120
Depreciation and impairment
At 01 April 2362018,16118,781
Charge for year4652,6203,085
At 31 March 241,08520,78121,866
Net book value
At 31 March 241,3967,8589,254
At 31 March 231,86110,47812,339
4.Fixed asset investments

Investments in groups1

Other investments2

Total

£££
Cost or valuation
At 01 April 23112,37512,376
Additions-12,50012,500
Revaluations-(13,625)(13,625)
At 31 March 24111,25011,251
Net book value
At 31 March 24111,25011,251
At 31 March 23112,37512,376

Notes

1Investments in group undertakings and participating interests
2Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-21,873
Amounts owed by group undertakings37,359-
Amounts owed by associates and joint ventures / participating interests3,84615,980
Other debtors18,39114,136
Prepayments and accrued income8,65599,641
Total68,251151,630
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Debtors: amounts due after one year

2024

2023

££
Other debtors10,28210,282
Total10,28210,282
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables41,71683,794
Bank borrowings and overdrafts17,59725,546
Amounts owed to related parties-1
Taxation and social security24,194227,993
Other creditors9431,581
Accrued liabilities and deferred income5,7224,487
Total90,172343,402
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts9,49255,546
Amounts owed to related parties1,419,2511,419,251
Other creditors757,934721,123
Total2,186,6772,195,920
9.Related party transactions
At the balance sheet date, the company had an outstanding balance of £3,846 (2023: £15,980) owed by the director. The loan is interest free and repayable on demand.