Silverfin false false 31/01/2025 01/02/2024 31/01/2025 Mrs J L Hess 18/02/2021 Mr N G Hess 18/02/2021 24 March 2025 The principal activity of the Company during the financial year was wholesale of food products. 13210168 2025-01-31 13210168 bus:Director1 2025-01-31 13210168 bus:Director2 2025-01-31 13210168 2024-01-31 13210168 core:CurrentFinancialInstruments 2025-01-31 13210168 core:CurrentFinancialInstruments 2024-01-31 13210168 core:Non-currentFinancialInstruments 2025-01-31 13210168 core:Non-currentFinancialInstruments 2024-01-31 13210168 core:ShareCapital 2025-01-31 13210168 core:ShareCapital 2024-01-31 13210168 core:RetainedEarningsAccumulatedLosses 2025-01-31 13210168 core:RetainedEarningsAccumulatedLosses 2024-01-31 13210168 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-31 13210168 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-31 13210168 core:Vehicles 2024-01-31 13210168 core:OfficeEquipment 2024-01-31 13210168 core:Vehicles 2025-01-31 13210168 core:OfficeEquipment 2025-01-31 13210168 bus:OrdinaryShareClass1 2025-01-31 13210168 2024-02-01 2025-01-31 13210168 bus:FilletedAccounts 2024-02-01 2025-01-31 13210168 bus:SmallEntities 2024-02-01 2025-01-31 13210168 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 13210168 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13210168 bus:Director1 2024-02-01 2025-01-31 13210168 bus:Director2 2024-02-01 2025-01-31 13210168 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2024-02-01 2025-01-31 13210168 core:Vehicles 2024-02-01 2025-01-31 13210168 core:OfficeEquipment 2024-02-01 2025-01-31 13210168 2023-02-01 2024-01-31 13210168 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-02-01 2025-01-31 13210168 core:CurrentFinancialInstruments 2024-02-01 2025-01-31 13210168 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 13210168 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 13210168 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13210168 (England and Wales)

VICTUS EMPORIUM LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

VICTUS EMPORIUM LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

VICTUS EMPORIUM LIMITED

BALANCE SHEET

As at 31 January 2025
VICTUS EMPORIUM LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 12,882 10,227
Tangible assets 4 22,926 23,851
35,808 34,078
Current assets
Stocks 132,466 87,700
Debtors 5 79,129 33,406
Cash at bank and in hand 29,946 16,115
241,541 137,221
Creditors: amounts falling due within one year 6 ( 409,768) ( 306,902)
Net current liabilities (168,227) (169,681)
Total assets less current liabilities (132,419) (135,603)
Creditors: amounts falling due after more than one year 7 ( 10,549) ( 15,029)
Net liabilities ( 142,968) ( 150,632)
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account ( 142,970 ) ( 150,634 )
Total shareholders' deficit ( 142,968) ( 150,632)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Victus Emporium Limited (registered number: 13210168) were approved and authorised for issue by the Board of Directors on 24 March 2025. They were signed on its behalf by:

Mrs J L Hess
Director
VICTUS EMPORIUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
VICTUS EMPORIUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Victus Emporium Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, 90 Victoria Street, Bristol, BS1 6DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £142,968. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover represents the fair value of consideration receivable in the ordinary course of business for goods and services provided. Revenue is recognised on despatch of goods to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision 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:

Website costs 4 years straight line
Tangible fixed assets

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, 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:

Vehicles 25 % reducing balance
Office equipment 20 % reducing balance

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Intangible assets

Website costs Total
£ £
Cost
At 01 February 2024 11,045 11,045
Additions 6,000 6,000
At 31 January 2025 17,045 17,045
Accumulated amortisation
At 01 February 2024 818 818
Charge for the financial year 3,345 3,345
At 31 January 2025 4,163 4,163
Net book value
At 31 January 2025 12,882 12,882
At 31 January 2024 10,227 10,227

4. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 February 2024 26,841 4,493 31,334
Additions 0 5,422 5,422
At 31 January 2025 26,841 9,915 36,756
Accumulated depreciation
At 01 February 2024 7,130 353 7,483
Charge for the financial year 4,928 1,419 6,347
At 31 January 2025 12,058 1,772 13,830
Net book value
At 31 January 2025 14,783 8,143 22,926
At 31 January 2024 19,711 4,140 23,851

5. Debtors

2025 2024
£ £
Trade debtors 71,259 27,405
Prepayments 7,870 6,001
79,129 33,406

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 59,396 13,729
Amounts owed to directors 289,978 280,501
Accruals 2,852 2,575
Other taxation and social security 20,176 6,146
Obligations under finance leases and hire purchase contracts (secured) 4,480 3,951
Other creditors 32,886 0
409,768 306,902

The hire purchase liabilities are secured over their respective assets.

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Obligations under finance leases and hire purchase contracts (secured) 10,549 15,029

The hire purchase liabilities are secured over their respective assets.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2