2023-01-31-accounts - The Vikings

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Registered number 03099224

The Vikings

Report and Accounts

31 January 2023

The Vikings Report and accounts Contents

	Page
Company information	1
Directors' report	2
Chartered Accountants' report	3
Profit and loss account	4
Balance sheet	5
Statement of changes in equity	6
Notes to the accounts	7 to 8

The Vikings Company Information

Directors

Roger John Barry - resigned 26 March 2022 Jeppe Christensen Robert Clegg Gareth Evans Jon Finch Kendall William Kinrade Christine Lines Steven Lines Catherine Minette Murphy Sandra Elizabeth Orchard Tony Thorpe Nigel Tate - appointed 29 April 2022 Mark Grayson - appointed 29 April 2022 James Edward Hulme - appointed 29 April 2022 John Allan Ishmael Gendall - appointed 29 April 2022 Mrs Maiken Lykke Badgley - appointed 29 April 2022

Accountants

Nichol Goodwill Brown Ltd 112 Whitley Road Whitley Bay Tyne & Wear NE26 2NE

Registered office

c/o The Treasurer 19 John Street North Shields Tyne & Wear NE30 4PJ

Registered number 03099224

The Vikings Registered number: 03099224 Directors' Report

The directors present their report and accounts for the year ended 31 January 2023.

Principal activities

The company's principal activity during the year continued to be cultural education.

Directors

The following persons served as directors during the year:

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 12 October 2023 and signed on its behalf.

Christine Lines Director

The Vikings

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Vikings for the year ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Vikings for the year ended 31 January 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.

Nichol Goodwill Brown Ltd Accountants 112 Whitley Road Whitley Bay Tyne & Wear NE26 2NE

12 October 2023

The Vikings

Profit and Loss Account for the year ended 31 January 2023

Turnover Cost of sales Gross profit Administrative expenses Operating profit Interest receivable Profit before taxation Tax on profit Profit for the financial year	2023 £ 104,344 (79,545) 24,799 (24,440) 359 - 359 - 359	2022 £ 43,703 (15,806) 27,897 (17,202) 10,695 3 10,698 - 10,698

The Vikings Registered number: 03099224 Balance Sheet as at 31 January 2023

Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Capital and reserves Profit and loss account Shareholder's funds	2023 £ 81 137,175 (960) 136,215 136,296 136,296 136,296	2022 £ 95 137,577 (1,735) 135,842 135,937 135,937 135,937

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Christine Lines Director Approved by the board on 12 October 2023

The Vikings Statement of Changes in Equity for the year ended 31 January 2023

At 1 February 2021 Profit for the financial year At 31 January 2022 At 1 February 2022 Profit for the financial year At 31 January 2023	Share capital £ - - - -	Share premium £ - - - -	Re- valuation reserve £ - - - -	Profit and loss account £ 125,239 10,698 135,937 135,937 359 136,296	Total £ 125,239 10,698 135,937 135,937 359 136,296

The Vikings Notes to the Accounts for the year ended 31 January 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

The Vikings Notes to the Accounts for the year ended 31 January 2023

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 February 2022 At 31 January 2023 Depreciation At 1 February 2022 Charge for the year At 31 January 2023 Net book value At 31 January 2023 At 31 January 2022 4 Creditors: amounts falling due within one year Other creditors	2023 Number 0 2023 £ 960	2022 Number 0 Plant and machinery etc £ 700 700 605 14 619 81 95 2022 £ 1,735

5 Other information

The Vikings is a private company limited by shares and incorporated in England. Its registered office is:

c/o The Treasurer 19 John Street North Shields Tyne & Wear NE30 4PJ

The Vikings

Detailed profit and loss account for the year ended 31 January 2023

This schedule does not form part of the statutory accounts

Sales Cost of sales Gross profit Administrative expenses Operating profit Interest receivable Profit before tax	2023 £ 104,344 (79,545) 24,799 (24,440) 359 - 359	2022 £ 43,703 (15,806) 27,897 (17,202) 10,695 3 10,698

The Vikings Detailed profit and loss account for the year ended 31 January 2023

This schedule does not form part of the statutory accounts

Sales Sales Cost of sales Purchases Administrative expenses Employee costs: Staff training and welfare General administrative expenses: Subscriptions Bank charges Insurance IT and website expenses Depreciation Legal and professional costs: Accountancy fees	2023 £ 104,344 79,545 4,640 4,640 288 133 3,208 14,267 14 17,910 1,890 1,890 24,440	2022 £ 43,703 15,806 1,247 1,247 165 96 1,781 12,763 32 14,837 1,118 1,118 17,202