Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-3122022-09-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10347658 2022-09-01 2023-08-31 10347658 2021-09-01 2022-08-31 10347658 2023-08-31 10347658 2022-08-31 10347658 c:Director1 2022-09-01 2023-08-31 10347658 d:CurrentFinancialInstruments 2023-08-31 10347658 d:CurrentFinancialInstruments 2022-08-31 10347658 d:Non-currentFinancialInstruments 2023-08-31 10347658 d:Non-currentFinancialInstruments 2022-08-31 10347658 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10347658 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 10347658 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10347658 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 10347658 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 10347658 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 10347658 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 10347658 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-08-31 10347658 d:ShareCapital 2023-08-31 10347658 d:ShareCapital 2022-08-31 10347658 d:RetainedEarningsAccumulatedLosses 2023-08-31 10347658 d:RetainedEarningsAccumulatedLosses 2022-08-31 10347658 c:FRS102 2022-09-01 2023-08-31 10347658 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10347658 c:FullAccounts 2022-09-01 2023-08-31 10347658 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10347658 2 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 10347658









VEIRAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
VEIRAN LIMITED
REGISTERED NUMBER: 10347658

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
164,132
118,124

Cash at bank and in hand
 5 
1,549
18,217

  
165,681
136,341

Creditors: amounts falling due within one year
 6 
(97,492)
(11,013)

Net current assets
  
 
 
68,189
 
 
125,328

Total assets less current liabilities
  
68,189
125,328

Creditors: amounts falling due after more than one year
 7 
(33,840)
(39,372)

  

Net assets
  
34,349
85,956


Capital and reserves
  

Called up share capital 
  
25,000
25,000

Profit and loss account
  
9,349
60,956

  
34,349
85,956


Page 1

 
VEIRAN LIMITED
REGISTERED NUMBER: 10347658
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E Vichman
Director

Date: 17 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VEIRAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Veiran Limited is a private company limited by shares, incorporated in England & Wales. The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
VEIRAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
VEIRAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Debtors

2023
2022
£
£


Other debtors
93,629
15,713

Prepayments and accrued income
70,503
54,401

Tax recoverable
-
48,010

164,132
118,124



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,549
18,217

1,549
18,217



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,559
5,559

Corporation tax
-
137

Other creditors
86,933
317

Accruals and deferred income
5,000
5,000

97,492
11,013



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
33,840
39,372

33,840
39,372


Page 5

 
VEIRAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,559
5,559


5,559
5,559

Amounts falling due 1-2 years

Bank loans
5,558
5,558


5,558
5,558


Amounts falling due after more than 5 years

Bank loans
28,282
33,814

28,282
33,814

39,399
44,931



9.


Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

 
Page 6