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Company Registration No. 13408620 (England and Wales)
VIKING ROADWAYS LTD Unaudited accounts for the year ended 31 May 2025
VIKING ROADWAYS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VIKING ROADWAYS LTD Company Information for the year ended 31 May 2025
Director
William George McDougall
Company Number
13408620 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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VIKING ROADWAYS LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
25,991
32,527
Current assets
Debtors
5
40,714
54,413
Cash at bank and in hand
2,240
9,237
42,954
63,650
Creditors: amounts falling due within one year
6
(40,078)
(64,289)
Net current assets/(liabilities)
2,876
(639)
Total assets less current liabilities
28,867
31,888
Creditors: amounts falling due after more than one year
7
(18,074)
(18,483)
Provisions for liabilities
Deferred tax
8
(10,553)
(11,795)
Net assets
240
1,610
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
140
1,510
Shareholders' funds
240
1,610
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2025 and were signed on its behalf by
William George McDougall Director Company Registration No. 13408620
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VIKING ROADWAYS LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
VIKING ROADWAYS LTD is a private company, limited by shares, registered in England and Wales, registration number 13408620. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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VIKING ROADWAYS LTD Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
930
39,489
250
630
41,299
At 31 May 2025
930
39,489
250
630
41,299
Depreciation
At 1 June 2024
483
7,848
114
327
8,772
Charge for the year
112
6,328
20
76
6,536
At 31 May 2025
595
14,176
134
403
15,308
Net book value
At 31 May 2025
335
25,313
116
227
25,991
At 31 May 2024
447
31,641
136
303
32,527
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
10,233
12,606
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
678
4,831
Trade debtors
94
13,454
Other debtors
36,142
36,128
36,914
54,413
Amounts falling due after more than one year
Other debtors
3,800
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,817
-
Obligations under finance leases and hire purchase contracts
5,033
5,033
Trade creditors
1,600
7,556
Taxes and social security
8,426
14,540
Loans from directors
-
282
Accruals
750
750
Deferred income
22,452
36,128
40,078
64,289
- 6 -
VIKING ROADWAYS LTD Notes to the Accounts for the year ended 31 May 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
3,541
7,574
Taxes and social security
14,533
10,909
18,074
18,483
Hire Purchase due Yr. 2 £3,541 Prior year corporation tax due of: £14,533 Awaiting CIS (Construction Industry Scheme) net of corporation tax Refund - April 5th 2025.
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
10,553
11,795
2025
2024
£
£
Provision at start of year
11,795
3,483
(Credited)/charged to the profit and loss account
(1,242)
8,312
Provision at end of year
10,553
11,795
A cumulative deferred taxation reserve has been created due to accelerated capital allowances of some £10,553 This reserve will reverse in future periods and will create a tax liability at the prevailing rate on the day.
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
William George McDougall
Unsecured Loan
282
(13,972)
-
(13,690)
282
(13,972)
-
(13,690)
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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