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Company Registration No. 10909419 (England and Wales)
Viking School Cars Limited Unaudited accounts for the year ended 31 August 2024
Viking School Cars Limited Unaudited accounts Contents
Page
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Viking School Cars Limited Company Information for the year ended 31 August 2024
Directors
Mr R A Vivian Mrs S E Vivian Mr J R Vivian
Company Number
10909419 (England and Wales)
Registered Office
1 Roselands Moorhill Road, West End Southampton SO30 3JT
Accountants
P7 Accounting Limited 25 Cutbush Lane Bitterne Southampton SO18 5QP
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Viking School Cars Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
220,461 
168,983 
Current assets
Debtors
19,515 
13,045 
Cash at bank and in hand
779 
- 
20,294 
13,045 
Creditors: amounts falling due within one year
(202,021)
(161,896)
Net current liabilities
(181,727)
(148,851)
Total assets less current liabilities
38,734 
20,132 
Creditors: amounts falling due after more than one year
(73,637)
(80,163)
Net liabilities
(34,903)
(60,031)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(35,003)
(60,131)
Shareholders' funds
(34,903)
(60,031)
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by
Mr R A Vivian Director Company Registration No. 10909419
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Viking School Cars Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Viking School Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 10909419. The registered office is 1 Roselands, Moorhill Road, West End, Southampton, SO30 3JT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight line
Computer equipment
25% Straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Viking School Cars Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
273,371 
11,800 
285,171 
Additions
133,329 
1,439 
134,768 
Disposals
(87,860)
(911)
(88,771)
At 31 August 2024
318,840 
12,328 
331,168 
Depreciation
At 1 September 2023
107,737 
8,451 
116,188 
Charge for the year
77,854 
1,686 
79,540 
On disposals
(84,660)
(361)
(85,021)
At 31 August 2024
100,931 
9,776 
110,707 
Net book value
At 31 August 2024
217,909 
2,552 
220,461 
At 31 August 2023
165,634 
3,349 
168,983 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,424 
Trade debtors
2,575 
6,367 
Accrued income and prepayments
16,940 
5,254 
19,515 
13,045 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,213 
12,258 
VAT
6,647 
- 
Obligations under finance leases and hire purchase contracts
59,185 
38,422 
Trade creditors
23,173 
39,214 
Taxes and social security
3,697 
1,853 
Loans from directors
97,644 
68,899 
Accruals
1,462 
1,250 
202,021 
161,896 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,904 
18,075 
Obligations under finance leases and hire purchase contracts
65,733 
62,088 
73,637 
80,163 
8
Average number of employees
During the year the average number of employees was 14 (2023: 14).
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