Viamar Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03997772

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,388		1,633

			1,388		1,633
CURRENT ASSETS
Stocks	5	1,012		2,625
Debtors	6	9,460		3,081
Cash at bank and in hand		30,483		41,525

		40,955		47,231
Creditors: Amounts Falling Due Within One Year	7	(16,668 )		(15,696 )

NET CURRENT ASSETS (LIABILITIES)			24,287		31,535

TOTAL ASSETS LESS CURRENT LIABILITIES			25,675		33,168

NET ASSETS			25,675		33,168

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			24,675		32,168

SHAREHOLDERS' FUNDS			25,675		33,168

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Viamar Ltd.

Balance Sheet (continued)

As At 31 December 2024

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs M A Vigolo

Director

22nd September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Viamar Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03997772 . The registered office is 55 Hoghton Street, Southport, Merseyside, PR9 0PG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

15^reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

The tax expense for the period comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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Viamar Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	7,840

As at 31 December 2024	7,840

Depreciation
As at 1 January 2024	6,207
Provided during the period	245

As at 31 December 2024	6,452

Net Book Value
As at 31 December 2024	1,388

As at 1 January 2024	1,633

5. Stocks

	2024	2023
	£	£
Stock	1,012	2,625

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	9,460	3,081

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Viamar Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	1,636
Other creditors	10,912	2,553
Taxation and social security	5,756	11,507

	16,668	15,696

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

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