Viable Service Solutions Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11107178

Viable Service Solutions Ltd

Filleted Unaudited Financial Statements

31 December 2024

Viable Service Solutions Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed Assets

Tangible assets	5		17,074		18,955

Current Assets

Stocks		27,259	16,520
Debtors	6	162,993	182,339
Cash at bank and in hand		545,248	422,970
		---------	---------
		735,500	621,829

Creditors: amounts falling due within one year	7	129,346		136,549
		---------		---------
Net Current Assets			606,154		485,280
			---------		---------
Total Assets Less Current Liabilities			623,228		504,235

Provisions	4,269	4,739
	---------	---------
Net Assets	618,959	499,496
	---------	---------

Capital and Reserves

Called up share capital	2	2
Profit and loss account	618,957	499,494
	---------	---------
Shareholders Funds	618,959	499,496
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Viable Service Solutions Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 7 August 2025 , and are signed on behalf of the board by:

M Huxley	J Huxley
Director	Director

Company registration number: 11107178

Viable Service Solutions Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Haswells, First Floor Pembroke House, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

The turnover shown in the profit and loss account represents the value of work done during the year, exclusive of Value Added Tax.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	15% reducing balance
Equipment	-	20% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs. Cost includes all costs of purchase including delivery.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial Instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transactional value and subsequently measured at their settlement value. Prepayments and deferred income do not constitute basic financial instruments.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 6 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	9,187	12,275	11,461	32,923
Additions	814	–	2,614	3,428
Disposals	–	–	( 5,686)	( 5,686)
	--------	--------	--------	--------
At 31 December 2024	10,001	12,275	8,389	30,665
	--------	--------	--------	--------
Depreciation
At 1 January 2024	3,444	4,737	5,787	13,968
Charge for the year	983	1,130	1,273	3,386
Disposals	–	–	( 3,763)	( 3,763)
	--------	--------	--------	--------
At 31 December 2024	4,427	5,867	3,297	13,591
	--------	--------	--------	--------
Carrying amount
At 31 December 2024	5,574	6,408	5,092	17,074
	--------	--------	--------	--------
At 31 December 2023	5,743	7,538	5,674	18,955
	--------	--------	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	159,831	179,716
Other debtors	3,162	2,623
	---------	---------
	162,993	182,339
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	26,666	6,431
Corporation tax	45,118	64,346
Social security and other taxes	46,680	59,243
Other creditors	10,882	6,529
	---------	---------
	129,346	136,549
	---------	---------

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	4,269	4,739
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	4,269	4,739
	-------	-------

9. Prior period errors

As the company no longer qualifies as being eligible to prepare accounts under FRS105, financial statements for the year ended 31 December 2023 have been prepared in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The transitional adjustments made related to the recognition of a provision for deferred tax liability which has been recognised as a prior year adjustment in the prior year's financial statements as follows:

	2024	2023
	£	£
Brought forward as previously reported	499,494	317,245

Prior year adjustment:
Year Ended 31 December 2021 deferred tax creditor	–	(4,984)
Year Ended 31 December 2022 movement on deferred tax creditor	–	(238)

	---------	---------
Brought forward reserves as restated	499,494	312,023

There were no other adjustments necessary to comply with Section 1A of FRS102.