IRIS Accounts Production v23.3.1.45 07413911 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074139112022-09-30074139112023-09-30074139112022-10-012023-09-30074139112021-09-30074139112021-10-012022-09-30074139112022-09-3007413911ns10:Originalns15:EnglandWales2022-10-012023-09-3007413911ns14:PoundSterlingns10:Original2022-10-012023-09-3007413911ns10:Originalns10:Director12022-10-012023-09-3007413911ns10:Original2022-10-012023-09-3007413911ns10:Originalns10:Director22022-10-012023-09-3007413911ns10:Original2023-09-3007413911ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3007413911ns10:Originalns10:SmallEntities2022-10-012023-09-3007413911ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3007413911ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3007413911ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3007413911ns10:Originalns10:FullAccounts2022-10-012023-09-3007413911ns10:Originalns10:RegisteredOffice2022-10-012023-09-3007413911ns10:Original2022-09-3007413911ns10:Originalns5:CurrentFinancialInstruments2023-09-3007413911ns10:Originalns5:CurrentFinancialInstruments2022-09-3007413911ns10:Originalns5:Non-currentFinancialInstruments2023-09-3007413911ns10:Originalns5:Non-currentFinancialInstruments2022-09-3007413911ns5:ShareCapitalns10:Original2023-09-3007413911ns5:ShareCapitalns10:Original2022-09-3007413911ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3007413911ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3007413911ns10:Originalns5:PlantMachinery2022-10-012023-09-3007413911ns10:Originalns5:ComputerEquipment2022-10-012023-09-3007413911ns10:Original2021-10-012022-09-3007413911ns10:Originalns5:PlantMachinery2022-09-3007413911ns10:Originalns5:ComputerEquipment2022-09-3007413911ns10:Original2022-09-3007413911ns10:Originalns5:PlantMachinery2023-09-3007413911ns10:Originalns5:ComputerEquipment2023-09-3007413911ns10:Originalns5:PlantMachinery2022-09-3007413911ns10:Originalns5:ComputerEquipment2022-09-3007413911ns10:Originalns5:CostValuation2022-09-3007413911ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3007413911ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3007413911ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3007413911ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-09-3007413911ns10:Original1ns10:Director12022-09-3007413911ns10:Original1ns10:Director12021-09-3007413911ns10:Original1ns10:Director12022-10-012023-09-3007413911ns10:Original1ns10:Director12021-10-012022-09-3007413911ns10:Original1ns10:Director12023-09-3007413911ns10:Original1ns10:Director12022-09-3007413911ns10:Originalns10:Director222022-09-3007413911ns10:Originalns10:Director222021-09-3007413911ns10:Originalns10:Director222022-10-012023-09-3007413911ns10:Originalns10:Director222021-10-012022-09-3007413911ns10:Originalns10:Director222023-09-3007413911ns10:Originalns10:Director222022-09-30
REGISTERED NUMBER: 07413911 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

VU ONLINE LTD

VU ONLINE LTD (REGISTERED NUMBER: 07413911)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VU ONLINE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr R Wain
Mr D E Cooper



REGISTERED OFFICE: Quay House
The Gallery
King's Wharf
Exeter
Devon
EX2 4AN



REGISTERED NUMBER: 07413911 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: The Co-operative Bank PLC
PO Box 250
Skelmersdale
WN8 6WT

VU ONLINE LTD (REGISTERED NUMBER: 07413911)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,434 2,483
Investments 5 507 507
2,941 2,990

CURRENT ASSETS
Debtors 6 61,394 46,501
Cash at bank 17,049 64,674
78,443 111,175
CREDITORS
Amounts falling due within one year 7 35,083 58,596
NET CURRENT ASSETS 43,360 52,579
TOTAL ASSETS LESS CURRENT LIABILITIES 46,301 55,569

CREDITORS
Amounts falling due after more than one
year

8

(3,508

)

(5,504

)

PROVISIONS FOR LIABILITIES (481 ) (472 )
NET ASSETS 42,312 49,593

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 42,112 49,393
SHAREHOLDERS' FUNDS 42,312 49,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VU ONLINE LTD (REGISTERED NUMBER: 07413911)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:




Mr R Wain - Director



Mr D E Cooper - Director


VU ONLINE LTD (REGISTERED NUMBER: 07413911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Vu Online Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

VU ONLINE LTD (REGISTERED NUMBER: 07413911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022 720 5,156 5,876
Additions 289 1,083 1,372
At 30 September 2023 1,009 6,239 7,248
DEPRECIATION
At 1 October 2022 623 2,770 3,393
Charge for year 77 1,344 1,421
At 30 September 2023 700 4,114 4,814
NET BOOK VALUE
At 30 September 2023 309 2,125 2,434
At 30 September 2022 97 2,386 2,483

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 507
NET BOOK VALUE
At 30 September 2023 507
At 30 September 2022 507

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,545 14,691
Other debtors 20 -
Directors' current accounts 40,234 31,215
Prepayments 595 595
61,394 46,501

VU ONLINE LTD (REGISTERED NUMBER: 07413911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,384 14,551
Trade creditors 8,319 6,619
Tax 6,098 17,420
Social security and other taxes - 166
VAT 15,834 11,889
Other creditors - 5,583
Accrued expenses 2,448 2,368
35,083 58,596

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 3,508 5,504

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr R Wain
Balance outstanding at start of year 17,447 18,601
Amounts advanced 24,084 20,503
Amounts repaid (19,311 ) (21,657 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,220 17,447

Mr D E Cooper
Balance outstanding at start of year 13,768 15,538
Amounts advanced 20,414 18,926
Amounts repaid (16,168 ) (20,696 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,014 13,768

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,000 were paid to the directors .

11. GOVERNMENT BACKED LOAN

The bank loan of £5,508 (2022: £7,504) is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to 1 June 2026.