Vikings_Retail_Limited_31_Mar_2025_companies_house_set_of

Vikings Retail Limited

Report to the board of directors on the preparation of the unaudited statutory financial statements of Vikings Retail Limited

Year ended

31 March 2025

As described on the statement of financial position, the Board of Directors of

Vikings Retail Limited

are responsible for the preparation of the

financial statements

for the year ended

31 March 2025

, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

Sutton & Co Accountants Ltd

25 Park Street

Macclesfield

Cheshire

SK11 6SS

United Kingdom

Date:

5 December 2025

Vikings Retail Limited

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Intangible assets	5	38,125		45,625
Tangible assets	6	9,911		10,981
		48,036		56,606
Current assets
Stocks		104,726		103,610
Debtors	7	19,955		22,811
Cash at bank and in hand		7,416		7,485
		132,097		133,906
Creditors: amounts falling due within one year	8	(119,071	)	(127,815	)
Net current assets		13,026		6,091
Total assets less current liabilities		61,062		62,697
Provisions for liabilities		(1,883	)	(3,450	)
Net assets		59,179		59,247
Capital and reserves
Called up share capital		100		100
Profit and loss account		59,079		59,147
Shareholders funds		59,179		59,247

For the year ending

31 March 2025

, 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.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

26 November 2025

, and are signed on behalf of the board by:

Mr Christopher Derek Gardiner

Director

Company registration number:

06732543

Vikings Retail Limited

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

25 Park Street

Macclesfield

Cheshire

SK11 6SS

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

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.

Goodwill

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation. It is amortised on a straight-line basis over its useful economic life of twenty years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.

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

Fixtures and fittings	15% reducing balance
Office equipment	15% reducing balance
Motor vehicles	25% reducing balance
Fixtures, fittings and equipment	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

14.00

5 Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	150,000
Amortisation
At 1 April 2024	104,375
Charge	7,500
At 31 March 2025	111,875
Carrying amount
At 31 March 2025	38,125
At 31 March 2024	45,625

Intangible assets held at valuation

In respect of intangible assets other than goodwill held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:

	2025	2024
	£	£
Aggregate historical cost	150,000	150,000
Aggregate amortisation	111,875	104,375
Carrying amount	38,125	45,625

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2024	52,741
Additions	1,131
At 31 March 2025	53,872
Depreciation
At 1 April 2024	41,760
Charge	2,201
At 31 March 2025	43,961
Carrying amount
At 31 March 2025	9,911
At 31 March 2024	10,981

7 Debtors

	2025		2024
	£		£
Other debtors	19,955		22,811

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	87,786	94,326
Taxation and social security	19,978	19,207
Other creditors	11,307	14,282
	119,071	127,815

9 Guarantees and other financial commitments

At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases, or to a break clause of £268,042 (2024 - £124,100).