Company registration number 04391834 (England and Wales)
VIA-K LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
VIA-K LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
VIA-K LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
31 December
31 March
2024
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
4
12,235
16,924
Tangible assets
5
1,923
2,674
14,158
19,598
Current assets
Debtors
6
166,722
217,824
Cash at bank and in hand
6,899
23,392
173,621
241,216
Creditors: amounts falling due within one year
7
(255,547)
(439,543)
Net current liabilities
(81,926)
(198,327)
Net liabilities
(67,768)
(178,729)
Capital and reserves
Called up share capital
8
200
200
Profit and loss reserves
(67,968)
(178,929)
Total equity
(67,768)
(178,729)

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 September 2025 and are signed on its behalf by:
T Roberts
Director
Company registration number 04391834 (England and Wales)
VIA-K LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Via-K Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Bridges Court, London, SW11 3BB.

1.1
Reporting period

The reporting date has been shortened from 31 March to 31 December in order to bring it in line with it's parent company. Therefore the comparative information is not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Management ha ve prepared forecasts for the 202 5 financial year in which the entity is expected to generate profit s which will reduce the net liability position. The company is financially supported by its parent company, Databarracks Limited, who have undertaken to provide such support that the company requires to continue to trade and meet its liabilities as and when they fall due.

Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for consultancy provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates and is recognised at the point the service is complete.

Unbilled turnover is included in debtors as "Amounts recoverable on contracts". Amounts billed on account of work in progress are shown as a deduction from gross work in progress to the extent that they are not recognised as turnover.

The basis of valuation of turnover unbilled to clients on incomplete contracts is reviewed each year to ensure that the basis reflects the value that will ultimately be realised.

Amounts recoverable on contracts which are included in debtors are stated at net sales value of the work done after provision for contingencies and anticipated future losses on contracts less amounts received as progress payments on account.

This policy has been adjusted resulting in a change in accounting presentation, see note 12 for further details on this.

VIA-K LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Other intangible assets
20% of cost
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% of cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

VIA-K LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

VIA-K LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

December 2024
March 2024
Number
Number
Total
10
10
4
Intangible fixed assets
Other intangible assets
£
Cost
At 1 April 2024 and 31 December 2024
31,263
Amortisation and impairment
At 1 April 2024
14,339
Amortisation charged for the period
4,689
At 31 December 2024
19,028
Carrying amount
At 31 December 2024
12,235
At 31 March 2024
16,924
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 December 2024
19,933
Depreciation and impairment
At 1 April 2024
17,259
Depreciation charged in the period
751
At 31 December 2024
18,010
Carrying amount
At 31 December 2024
1,923
At 31 March 2024
2,674
VIA-K LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 6 -
6
Debtors
December 2024
March 2024
as restated
Amounts falling due within one year:
£
£
Trade debtors
102,120
172,130
Amounts recoverable on contracts
24,285
29,533
Other debtors
-
0
1,904
Prepayments and accrued income
6,398
14,257
132,803
217,824
December 2024
March 2024
as restated
Amounts falling due after more than one year:
£
£
Deferred tax asset
33,919
-
0
Total debtors
166,722
217,824
7
Creditors: amounts falling due within one year
December 2024
March 2024
£
£
Bank loans
-
0
107,999
Trade creditors
4,508
52,474
Amounts owed to group undertakings
100,175
-
0
Taxation and social security
24,703
50,836
Other creditors
126,161
228,234
255,547
439,543
8
Called up share capital
December 2024
March 2024
December 2024
March 2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
200
200
200

VIA-K LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 7 -
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Tracey Wickens
Statutory Auditor:
MGI Midgley Snelling LLP
Date of audit report:
18 September 2025
10
Financial commitments, guarantees and contingent liabilities

At the date of the balance sheet, the company had an outstanding commitment of £Nil (March 20 2 4: £5,563) due in relation to employers pension costs.

11
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

December 2024
March 2024
£
£
8,135
-
12
Parent company

The immediate controlling party is Databarracks Limited, a company registered in Guernsey. The directors consider that the ultimate parent undertaking of this company is Databarracks Group Limited, which is registered in Guernsey.

Databarracks Limited is the immediate parent company and heads both the largest and the smallest group within which the subsidiary belongs and for which group accounts are prepared. The Consolidated Financial Statements can be obtained from the registered office of Databarracks Limited, located at Avenue House, St Julien's Avenue, St Peter Port, Guernsey, Channel Islands, GY1 1WA.

VIA-K LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 8 -
13
Prior period restatement

During a financial review, it was identified that a prior period amount of £29,533, previously recorded under Stocks as Work in Progress, should be reclassified to Debtors. This adjustment more accurately reflects the nature of the balance, which pertains to work completed but not yet invoiced, rather than unbilled time costs.

This reclassification does not impact the company’s overall financial position or performance but ensures a more accurate presentation of assets. The adjustment has been applied retrospectively, with comparative figures restated accordingly, in compliance with UK GAAP accounting policies and standards.

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