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View Asset Management Limited
Registered Number:11134071
For the year ended 31 January 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2025
View Asset Management Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11134071
As at 31 January 2025
View Asset Management Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Intangible assets
293
306
2
Property, plant and equipment
54,642
17,609
3
54,935
17,915
Current assets
Inventories
40,202
28,260
4
Trade and other receivables
121,274
6,296
5
205,637
Cash and cash equivalents
171,283
205,839
367,113
Trade and other payables: amounts falling due within one
year
(188,281)
(38,845)
6
178,832
166,994
Net current assets
Total assets less current liabilities
221,929
196,747
Trade and other payables: amounts falling due after more
than one year
(17,375)
(7,035)
7
214,894
Net assets
179,372
Capital and reserves
Called up share capital
100
100
Retained earnings
214,794
179,272
214,894
179,372
Shareholders' funds
For the year ended 31 January 2025 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 of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Richard Tomlinson Director
These financial statements were approved and authorised for issue by the Board on 28 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2025
View Asset Management Limited
Notes to the Financial Statements
Statutory Information
View Asset Management Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11134071.
Registered address:
Unit 14 Redwood Court
Campbell Way
Dinnington
Sheffield
S25 3NQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets, where necessary.
The significant accounting policies applied in the presentation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover represents the invoiced value of commercial vehicle sales, related plant and equipment sales and consultation services in the asset industry, excluding value added tax. Turnover is recognised on the completion of each sale and on the completion of each consultation service.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery
20% Reducing balance
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Inventories
Stocks, which comprise commercial vehicles and related plant items are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 rtaes 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 reccognised against the reversal of deferred tax liabilities or future profits.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price.
Any losses arising from impairment are recognised in the statement of comprehensive income within administrative
expenses.
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5
For the year ended 31 January 2025
View Asset Management Limited
Notes to the Financial Statements Continued
Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the
individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the
asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.
2. Intangible fixed assets
Intangible
Assets
Cost or valuation
£
At 01 February 2024
333
At 31 January 2025
333
Amortisation
At 01 February 2024
27
13
Charge for year
At 31 January 2025
40
Net book value
At 31 January 2025
293
3. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 February 2024
30,562
9,720
19,016
1,826
49,291
7,867
41,424
-
Additions
-
(12,856)
-
Disposals
(12,856)
At 31 January 2025
1,826
47,584
17,587
66,997
Provision for depreciation and impairment
At 01 February 2024
12,953
5,013
7,297
643
Charge for year
5,479
3,145
2,098
236
(6,077)
-
(6,077)
-
On disposal
At 31 January 2025
12,355
8,158
3,318
879
At 31 January 2025
Net book value
947
44,266
9,429
54,642
At 31 January 2024
1,183
11,719
4,707
17,609
4. Inventories
2024
2025
£
£
Stocks
28,260
40,202
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6
For the year ended 31 January 2025
View Asset Management Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2024
2025
£
£
Trade debtors
-
115,200
Other debtors
6,296
6,074
121,274
6,296
6. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Bank loans and overdraft
10,340
10,085
Trade creditors
1,817
97,921
Taxation and social security
20,121
55,887
Other creditors
6,567
24,388
38,845
188,281
7. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft
7,035
17,375
8. Average number of persons employed
During the year the average number of employees was 2 (2024 : 1)
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