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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
Page
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V & U Enterprise Ltd Company Information for the year ended 31 May 2023
Director
Usha Gorania
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
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V & U Enterprise Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
13,210 
18,808 
Tangible assets
24,101 
23,238 
37,311 
42,046 
Current assets
Inventories
57,890 
49,900 
Debtors
3,682 
25,115 
Cash at bank and in hand
17,434 
25,252 
79,006 
100,267 
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)
Net assets
29,769 
50,866 
Capital and reserves
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
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V & U Enterprise Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
79,999 
At 31 May 2023
79,999 
Amortisation
At 1 June 2022
61,191 
Charge for the year
5,598 
At 31 May 2023
66,789 
Net book value
At 31 May 2023
13,210 
At 31 May 2022
18,808 
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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 
Additions
8,896 
- 
8,896 
At 31 May 2023
54,173 
27,315 
81,488 
Depreciation
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 
Net book value
At 31 May 2023
12,578 
11,523 
24,101 
At 31 May 2022
7,874 
15,364 
23,238 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
20,500 
Accrued income and prepayments
149 
- 
Other debtors
1,633 
2,448 
1,782 
22,948 
Amounts falling due after more than one year
Trade debtors
- 
167 
Other debtors
1,900 
2,000 
1,900 
2,167 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,805 
1,420 
Obligations under finance leases and hire purchase contracts
- 
19,780 
Taxes and social security
190 
18,630 
Other creditors
175 
866 
Accruals
3,721 
2,485 
7,891 
43,181 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,106 
44,989 
Obligations under finance leases and hire purchase contracts
12,591 
- 
Other creditors
19,623 
18,150 
Loans from directors
7,337 
(14,873)
78,657 
48,266 
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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).
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