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REGISTERED NUMBER: 07076844 (England and Wales)















Victory Projects Limited

Unaudited Financial Statements for the Year Ended 30 November 2024






Victory Projects Limited (Registered number: 07076844)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Victory Projects Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: S Keeble





REGISTERED OFFICE: Moorland
Woodcock Lane
Iden Green
Benenden
Kent
TN17 4HT





REGISTERED NUMBER: 07076844 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Victory Projects Limited (Registered number: 07076844)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,200 4,269

CURRENT ASSETS
Inventories 215,000 70,000
Debtors 5 2,376 30,992
Cash at bank 3,213 75,080
220,589 176,072
CREDITORS
Amounts falling due within one year 6 99,624 57,378
NET CURRENT ASSETS 120,965 118,694
TOTAL ASSETS LESS CURRENT LIABILITIES 124,165 122,963

PROVISIONS FOR LIABILITIES 608 811
NET ASSETS 123,557 122,152

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 123,555 122,150
123,557 122,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Victory Projects Limited (Registered number: 07076844)

Statement of Financial Position - continued
30 November 2024


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 director and authorised for issue on 3 April 2025 and were signed by:





S Keeble - Director


Victory Projects Limited (Registered number: 07076844)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Victory Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

Taxation
Taxation for the year 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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Victory Projects Limited (Registered number: 07076844)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 37,831
DEPRECIATION
At 1 December 2023 33,562
Charge for year 1,069
At 30 November 2024 34,631
NET BOOK VALUE
At 30 November 2024 3,200
At 30 November 2023 4,269

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 21,964
Other debtors 2,376 9,028
2,376 30,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,142 4,358
Taxation and social security 1,290 2,157
Other creditors 97,192 50,863
99,624 57,378