REGISTERED NUMBER: 00507945 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

David Viggers Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

44,970

46,675

CURRENT ASSETS

Stocks

114,845

176,860

Debtors

5

1,857

62,044

Cash in hand

375

375

117,077

239,279

CREDITORS

Amounts falling due within one year

6

131,843

229,034

NET CURRENT (LIABILITIES)/ASSETS

(14,766

)

10,245

TOTAL ASSETS LESS CURRENT LIABILITIES

30,204

56,920

CREDITORS

Amounts falling due after more than one year

7

8,035

4,894

NET ASSETS

22,169

52,026

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

19,169

49,026

22,169

52,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Ms J C Davey - Director

Ms C L Sleep - Director

1.	STATUTORY INFORMATION

David Viggers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00507945

Registered office:

Station Yard

Ashwater

Beaworthy

Devon

EX21 5HA

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on the going concern basis. This assumes the continued support of the Company's directors and major creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

72,500

49,101

121,601

DEPRECIATION

At 1 April 2024

27,913

47,013

74,926

Charge for year

1,450

255

1,705

At 31 March 2025

29,363

47,268

76,631

NET BOOK VALUE

At 31 March 2025

43,137

1,833

44,970

At 31 March 2024

44,587

2,088

46,675

Freehold property relates to the 2004 historic cost of a shop in the White Hart Arcade, Launceston, Cornwall.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,857

3,050

Other debtors

-

58,994

1,857

62,044

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

23,887

31,890

Trade creditors

35,271

41,730

Taxation and social security

7,578

7,156

Other creditors

65,107

148,258

131,843

229,034

Included within Other Creditors is £34,503 (2024: £79,195) due to the directors of the company, and £29,602 due to Market House Arcade Limited (2024: £43,397 was owed to David Viggers Limited) a company owned by the directors of this company. The loans are interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

8,035

4,894