Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseThe principal activity of the Company is the manufacture of other special-purpose machinery.33falsetrue 10473045 2022-04-01 2023-03-31 10473045 2021-04-01 2022-03-31 10473045 2023-03-31 10473045 2022-03-31 10473045 c:Director2 2022-04-01 2023-03-31 10473045 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 10473045 d:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 10473045 d:CurrentFinancialInstruments 2023-03-31 10473045 d:CurrentFinancialInstruments 2022-03-31 10473045 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10473045 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10473045 d:ShareCapital 2023-03-31 10473045 d:ShareCapital 2022-03-31 10473045 d:SharePremium 2023-03-31 10473045 d:SharePremium 2022-03-31 10473045 d:RetainedEarningsAccumulatedLosses 2023-03-31 10473045 d:RetainedEarningsAccumulatedLosses 2022-03-31 10473045 c:FRS102 2022-04-01 2023-03-31 10473045 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10473045 c:FullAccounts 2022-04-01 2023-03-31 10473045 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10473045 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10473045










VN-KERB TURBO SOLUTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
VN-KERB TURBO SOLUTIONS LIMITED
REGISTERED NUMBER: 10473045

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
11,426
19,661

  
11,426
19,661

Current assets
  

Debtors: amounts falling due within one year
 5 
18,001
10

Cash at bank and in hand
 6 
35,983
23,907

  
53,984
23,917

Creditors: amounts falling due within one year
 7 
(242,667)
(143,925)

Net current liabilities
  
 
 
(188,683)
 
 
(120,008)

Total assets less current liabilities
  
(177,257)
(100,347)

  

Net liabilities
  
(177,257)
(100,347)


Capital and reserves
  

Called up share capital 
  
11
11

Share premium account
  
124,999
124,999

Profit and loss account
  
(302,267)
(225,357)

  
(177,257)
(100,347)

Page 1

 
VN-KERB TURBO SOLUTIONS LIMITED
REGISTERED NUMBER: 10473045
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 on 3 July 2023.


................................................
David Newman
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
VN-KERB TURBO SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

VN-Kerb Turbo Solutions Limited is a private limited company, incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, London W1G 0PW.

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 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

Going concern

The financial statements have been prepared on a going concern basis on the assumption that continued financial support will be forthcoming from the shareholders. 

 
2.3

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.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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.

 
2.6

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

 
VN-KERB TURBO SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 3).


4.


Intangible assets




Patents

£



Cost


At 1 April 2022
64,350



At 31 March 2023

64,350



Amortisation


At 1 April 2022
44,689


Charge for the year on owned assets
8,235



At 31 March 2023

52,924



Net book value



At 31 March 2023
11,426



At 31 March 2022
19,661



Page 4

 
VN-KERB TURBO SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
17,991
-

Called up share capital not paid
10
10

18,001
10



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
35,983
23,907

35,983
23,907



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
99,594
-

Other taxation and social security
98
950

Other creditors
142,975
142,975

242,667
143,925



8.


Related party transactions

At the year end, the amount due to the directors was £134,475 (2022: £134,475).
At the year end included within other creditors, is an interest free loan of £8,500 (2022: £8,500) due to companys in which the directors have a material interest.

 
Page 5