Company Registration No. 07643843 (England and Wales)
V & U Enterprise Ltd
Unaudited accounts
for the year ended 31 May 2023
V & U Enterprise Ltd
Unaudited accounts
Contents
V & U Enterprise Ltd
Company Information
for the year ended 31 May 2023
Company Number
07643843 (England and Wales)
Registered Office
Family Shopper
78-80 Elm Drive
RISCA
Gwent
NP11 6HJ
Wales
Accountants
Numera Accountancy Ltd
Certified Public Accountants
39 Clive Street
CARDIFF
CF11 7HJ
V & U Enterprise Ltd
Statement of financial position
as at 31 May 2023
Intangible assets
13,210
18,808
Tangible assets
24,101
23,238
Cash at bank and in hand
17,434
25,252
Creditors: amounts falling due within one year
(7,891)
(43,181)
Net current assets
71,115
57,086
Total assets less current liabilities
108,426
99,132
Creditors: amounts falling due after more than one year
(78,657)
(48,266)
Called up share capital
100
100
Profit and loss account
29,669
50,766
Shareholders' funds
29,769
50,866
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2024 and were signed on its behalf by
Usha Gorania
Director
Company Registration No. 07643843
V & U Enterprise Ltd
Notes to the Accounts
for the year ended 31 May 2023
V & U Enterprise Ltd is a private company, limited by shares, registered in England and Wales, registration number 07643843. The registered office is Family Shopper, 78-80 Elm Drive, RISCA, Gwent, NP11 6HJ, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
V & U Enterprise Ltd
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
45,277
27,315
72,592
At 31 May 2023
54,173
27,315
81,488
At 1 June 2022
37,403
11,951
49,354
Charge for the year
4,192
3,841
8,033
At 31 May 2023
41,595
15,792
57,387
At 31 May 2023
12,578
11,523
24,101
At 31 May 2022
7,874
15,364
23,238
Amounts falling due within one year
Accrued income and prepayments
149
-
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
19,780
Taxes and social security
190
18,630
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,591
-
Other creditors
19,623
18,150
Loans from directors
7,337
(14,873)
V & U Enterprise Ltd
Notes to the Accounts
for the year ended 31 May 2023
9
Average number of employees
During the year the average number of employees was 13 (2022: 9).