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REGISTERED NUMBER: 05068140 (England and Wales)















Vicman Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Vicman Limited (Registered number: 05068140)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vicman Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R Khan
S Khan





SECRETARY: Mrs S Khan





REGISTERED OFFICE: 4th Floor, Suite 1, Office 5
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN





REGISTERED NUMBER: 05068140 (England and Wales)






Vicman Limited (Registered number: 05068140)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 76,276 71,205
76,277 71,206

CURRENT ASSETS
Stocks 17,000 14,600
Debtors 6 25,800 3,073
Cash at bank and in hand 4,653 12,367
47,453 30,040
CREDITORS
Amounts falling due within one year 7 88,589 54,779
NET CURRENT LIABILITIES (41,136 ) (24,739 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,141

46,467

CREDITORS
Amounts falling due after more than one
year

8

(34,800

)

(29,775

)

PROVISIONS FOR LIABILITIES (7,548 ) (6,176 )
NET (LIABILITIES)/ASSETS (7,207 ) 10,516

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,307 ) 10,416
SHAREHOLDERS' FUNDS (7,207 ) 10,516

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Vicman Limited (Registered number: 05068140)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





R Khan - Director


Vicman Limited (Registered number: 05068140)

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

1. STATUTORY INFORMATION

Vicman 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the term of the lease.
Plant and machinery etc - 25% on reducing balance

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 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 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.

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.

Vicman Limited (Registered number: 05068140)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 55,539
AMORTISATION
At 1 October 2023
and 30 September 2024 55,538
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 77,203 112,434 189,637
Additions 11,547 11,751 23,298
At 30 September 2024 88,750 124,185 212,935
DEPRECIATION
At 1 October 2023 38,499 79,933 118,432
Charge for year 7,164 11,063 18,227
At 30 September 2024 45,663 90,996 136,659
NET BOOK VALUE
At 30 September 2024 43,087 33,189 76,276
At 30 September 2023 38,704 32,501 71,205

In the opinion of the director, the valuation of land and buildings at the balance sheet represents fair value.

Vicman Limited (Registered number: 05068140)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,115 1,273
Other debtors 21,685 1,800
25,800 3,073

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 6,815 4,851
Trade creditors 23,829 19,031
Taxation and social security 5,615 7,829
Other creditors 52,330 23,068
88,589 54,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 24,800 29,775
Other creditors 10,000 -
34,800 29,775

9. RELATED PARTY DISCLOSURES

The Company occupies leasehold property, freehold of which is owned by the Director, Mr R Khan and paid rent of £9,000 (2023: £4,000)