Registered number 03099224
## **The Vikings**
## **Report and Accounts**
**31 January 2024**
## **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
1
**The Vikings Registered number: 03099224 Directors' Report**
The directors present their report and accounts for the year ended 31 January 2024.
## **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:
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
## **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
2
## **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 2024**
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 2024 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
3
## **The Vikings**
## **Profit and Loss Account for the year ended 31 January 2024**
|**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
**Operating (loss)/profit**
Interest receivable
**(Loss)/profit before taxation**
Tax on (loss)/profit
**(Loss)/profit for the financial year**|**2024**
**£**
38,396
(29,503)
8,893
(23,680)
(14,787)
1,033
(13,754)
-
(13,754)|**2023**
**£**
104,344
(79,545)
24,799
(24,440)
359
-
359
-
359|
|---|---|---|
4
## **The Vikings**
## **Registered number:** 03099224 **Balance Sheet as at 31 January 2024**
|**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**|**2024**
**£**
69
123,433
(960)
122,473
122,542
122,542
122,542|**2023**
**£**
81
137,175
(960)
136,215
136,296
136,296
136,296|
|---|---|---|
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
5
## **The Vikings**
## **Statement of Changes in Equity for the year ended 31 January 2024**
|**At 1 February 2022**
Profit for the financial year
**At 31 January 2023**
**At 1 February 2023**
Loss for the financial year
**At 31 January 2024**|**Share**
**capital**
**£**
-
-
-
-|**Share**
**premium**
**£**
-
-
-
-|**Re-**
**valuation**
**reserve**
**£**
-
-
-
-|**Profit**
**and loss**
**account**
**£**
135,937
359
136,296
136,296
(13,754)
122,542|**Total**
**£**
135,937
359
136,296
136,296
(13,754)
122,542|
|---|---|---|---|---|---|
6
**The Vikings Notes to the Accounts for the year ended 31 January 2024**
## **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.
7
## **The Vikings Notes to the Accounts for the year ended 31 January 2024**
## _**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 2023
At 31 January 2024
**Depreciation**
At 1 February 2023
Charge for the year
At 31 January 2024
**Net book value**
At 31 January 2024
At 31 January 2023
**4**
**Creditors: amounts falling due within one year**
Other creditors|**2024**
**Number**
0
**2024**
**£**
960|**2023**
**Number**
0
**Plant and**
**machinery**
**etc**
**£**
700
700
619
12
631
69
81
**2023**
**£**
960|
|---|---|---|
## **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
8
## **The Vikings**
## **Detailed profit and loss account for the year ended 31 January 2024**
_This schedule does not form part of the statutory accounts_
|**Sales**
Cost of sales
**Gross profit**
Administrative expenses
**Operating (loss)/profit**
Interest receivable
**(Loss)/profit before tax**|**2024**
**£**
38,396
(29,503)
8,893
(23,680)
(14,787)
1,033
(13,754)|**2023**
**£**
104,344
(79,545)
24,799
(24,440)
359
-
359|
|---|---|---|
9
## **The Vikings**
## **Detailed profit and loss account for the year ended 31 January 2024**
_This schedule does not form part of the statutory accounts_
|**Sales**
Sales
**Cost of sales**
Purchases
**Administrative expenses**
Employee costs:
Staff training and welfare
Travel and subsistence
General administrative expenses:
Subscriptions
Bank charges
Insurance
IT and website expenses
Depreciation
Sundry expenses
Legal and professional costs:
Accountancy fees
Health and safety
Advertising and PR
Other legal and professional|**2024**
**£**
38,396
29,503
-
540
540
288
72
2,272
13,350
12
13
16,007
960
5,802
336
35
7,133
23,680|**2023**
**£**
104,344
79,545
4,640
-
4,640
288
133
3,208
14,267
14
-
17,910
1,890
-
-
-
1,890
24,440|
|---|---|---|
10