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REGISTERED NUMBER: 02027354 (England and Wales)















Viaduct Furniture Limited

Report of the Directors and

Financial Statements For The Year Ended 31 October 2024






Viaduct Furniture Limited (Registered number: 02027354)






Contents of the Financial Statements
For The Year Ended 31 October 2024




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


Viaduct Furniture Limited

Company Information
For The Year Ended 31 October 2024







DIRECTORS: S J J Mair
W J Micklethwaite
C Rouxel
A Chandler





SECRETARY: L Morgan-Griffiths





REGISTERED OFFICE: 23a Church Road
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 02027354 (England and Wales)





ACCOUNTANTS: SSM Accountants Limited
23a Church Road
Parkstone
Poole
Dorset
BH14 8UF

Viaduct Furniture Limited (Registered number: 02027354)

Report of the Directors
For The Year Ended 31 October 2024

The directors present their report with the financial statements of the company for the year ended 31 October 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

S J J Mair
W J Micklethwaite
C Rouxel
A Chandler

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S J J Mair - Director


16 February 2025

Viaduct Furniture Limited (Registered number: 02027354)

Statement of Income and Retained Earnings
For The Year Ended 31 October 2024

2024 2023
Notes £    £    £   

TURNOVER 6,650,928 6,923,867

Cost of sales 4,792,783 5,122,581
GROSS PROFIT 1,858,145 1,801,286

Administrative expenses 1,388,569 1,284,728
469,576 516,558

Other operating income 21,240 3,671
OPERATING PROFIT 4 490,816 520,229

Income from fixed asset investments 2,156 (3,379 )
Interest receivable and similar income 13,891 9,079
16,047 5,700
506,863 525,929
Amounts written off investments - 69,671
PROFIT BEFORE TAXATION 506,863 456,258

Tax on profit 5 122,532 122,274
PROFIT FOR THE FINANCIAL YEAR 384,331 333,984

Retained earnings at beginning of year 863,063 829,079

Dividends (500,000 ) (300,000 )

RETAINED EARNINGS AT END OF YEAR 747,394 863,063

Viaduct Furniture Limited (Registered number: 02027354)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 6 34,732 35,170

CURRENT ASSETS
Stocks 265,574 371,607
Debtors 7 397,141 362,491
Investments 8 153,080 132,949
Cash at bank and in hand 945,580 1,271,281
1,761,375 2,138,328
CREDITORS
Amounts falling due within one year 9 980,163 1,241,821
NET CURRENT ASSETS 781,212 896,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,944

931,677

PROVISIONS FOR LIABILITIES 8,473 8,537
NET ASSETS 807,471 923,140

CAPITAL AND RESERVES
Called up share capital 10 114 114
Share premium 29,925 29,925
Capital redemption reserve 38 38
Other reserves 30,000 30,000
Retained earnings 747,394 863,063
SHAREHOLDERS' FUNDS 807,471 923,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2025 and were signed on its behalf by:





W J Micklethwaite - Director


Viaduct Furniture Limited (Registered number: 02027354)

Notes to the Financial Statements
For The Year Ended 31 October 2024

1. STATUTORY INFORMATION

Viaduct Furniture 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.

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.
Plant and machinery - 15% on cost
Website costs - 50% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 24,464 23,842
Foreign exchange (gain)/loss (67,853 ) (70,362 )

Viaduct Furniture Limited (Registered number: 02027354)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 122,596 122,708

Deferred tax (64 ) (434 )
Tax on profit 122,532 122,274

6. TANGIBLE FIXED ASSETS
Plant and Website
machinery costs Totals
£    £    £   
COST
At 1 November 2023 66,521 63,516 130,037
Additions 5,597 18,429 24,026
Disposals (13,805 ) (53,849 ) (67,654 )
At 31 October 2024 58,313 28,096 86,409
DEPRECIATION
At 1 November 2023 45,800 49,067 94,867
Charge for year 8,427 16,037 24,464
Eliminated on disposal (13,805 ) (53,849 ) (67,654 )
At 31 October 2024 40,422 11,255 51,677
NET BOOK VALUE
At 31 October 2024 17,891 16,841 34,732
At 31 October 2023 20,721 14,449 35,170

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 330,615 275,298
Other debtors 66,526 87,193
397,141 362,491

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 153,080 132,949

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 400,265 302,085
Taxation and social security 177,708 244,521
Other creditors 402,190 695,215
980,163 1,241,821

Viaduct Furniture Limited (Registered number: 02027354)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
11,400 Ordinary 0.01 114 114