Viking Sport & Leisure Limited

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

Registered number: 09518653

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		11,400		11,400
Tangible Assets	5		192,172		192,215

			203,572		203,615
CURRENT ASSETS
Stocks	6	254,920		234,810
Debtors	7	9,520		23,978
Cash at bank and in hand		50		2,953

		264,490		261,741
Creditors: Amounts Falling Due Within One Year	8	(93,250 )		(75,466 )

NET CURRENT ASSETS (LIABILITIES)			171,240		186,275

TOTAL ASSETS LESS CURRENT LIABILITIES			374,812		389,890

Creditors: Amounts Falling Due After More Than One Year	9		(300,371 )		(309,307 )

NET ASSETS			74,441		80,583

CAPITAL AND RESERVES
Called up share capital	10		3		3
Profit and Loss Account			74,438		80,580

SHAREHOLDERS' FUNDS			74,441		80,583

Page 1

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Viking Sport & Leisure Limited

Balance Sheet (continued)

As At 31 March 2025

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.

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

The directors acknowledge their 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

Mr Darryl Potts

Director

31/12/2025

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

1. General Information

Viking Sport & Leisure Limited Registered number 09518653 is a limited by shares company incorporated in England & Wales. The Registered Office is 26a Bell Close, Plymouth, PL7 4FD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Freehold	Infinite
Plant & Machinery	20% Straight Line
Motor Vehicles	20% Straight Line
Fixtures & Fittings	20% Straight Line

2.6. 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.

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1
Sales, marketing and distribution	2	2

	3	3

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Viking Sport & Leisure Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2024	11,000	400	11,400

As at 31 March 2025	11,000	400	11,400

Net Book Value
As at 31 March 2025	11,000	400	11,400

As at 1 April 2024	11,000	400	11,400

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	192,085	1,411	5,248	215	198,959

As at 31 March 2025	192,085	1,411	5,248	215	198,959

Depreciation
As at 1 April 2024	-	1,411	5,248	85	6,744
Provided during the period	-	-	-	43	43

As at 31 March 2025	-	1,411	5,248	128	6,787

Net Book Value
As at 31 March 2025	192,085	-	-	87	192,172

As at 1 April 2024	192,085	-	-	130	192,215

6. Stocks

	2025	2024
	£	£
Stock	254,920	234,810

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,520	23,957
Prepayments and accrued income	-	21

	9,520	23,978

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Viking Sport & Leisure Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	75,519	58,760
Bank loans and overdrafts	4,340	-
Corporation tax	8,587	8,587
VAT	4,804	8,119

	93,250	75,466

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	114,067	122,004
Directors loan account	186,304	187,303

	300,371	309,307

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

11. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mr Darryl Potts	1,000	2,000
Mr Michael Traynor	1,000	2,000

12. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	2,000	4,000

13. Ultimate Controlling Party

The company's ultimate controlling party are the Directors by virtue of their ownership of 100% of the issued share capital in the company.