Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-04-01falseThe principle activity of the company continued to be that of professional servicestrue2false 09225585 2022-04-01 2023-03-31 09225585 2021-04-01 2022-03-31 09225585 2023-03-31 09225585 2022-03-31 09225585 c:Director1 2022-04-01 2023-03-31 09225585 d:CurrentFinancialInstruments 2023-03-31 09225585 d:CurrentFinancialInstruments 2022-03-31 09225585 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09225585 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09225585 d:ShareCapital 2023-03-31 09225585 d:ShareCapital 2022-03-31 09225585 d:RetainedEarningsAccumulatedLosses 2023-03-31 09225585 d:RetainedEarningsAccumulatedLosses 2022-03-31 09225585 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09225585 c:OrdinaryShareClass1 2023-03-31 09225585 c:FRS102 2022-04-01 2023-03-31 09225585 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09225585 c:FullAccounts 2022-04-01 2023-03-31 09225585 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09225585 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09225585














VIESVI LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
VIESVI LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4


 
VIESVI LIMITED
REGISTERED NUMBER:09225585

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
453,442
451,983

Cash at bank and in hand
 6 
42,065
38,335

  
495,507
490,318

Creditors: amounts falling due within one year
 7 
(201,685)
(194,165)

Net current assets
  
 
 
293,822
 
 
296,153

Total assets less current liabilities
  
293,822
296,153

  

Net assets
  
293,822
296,153


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
293,821
296,152

  
293,822
296,153


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 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 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 by: 




................................................
M Luzi
Director

Date: 29 March 2024

The notes on pages 2 to 4 form part of these financial statements.

1

 
VIESVI LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Viesvi Limited is a private company, limited by shares, registered in England and Wales, registration number 09225585. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principle activity of the company continued to be that of professional services.

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover from professional services is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Interest income

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

 
2.5

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

 
VIESVI LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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 corporation 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

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. 

 
2.9

Creditors

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

 
2.10

 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.

 
2.11

 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.


3.


Employees

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


4.


Dividends

2023
2022
£
£


Dividends
250,000
150,000

3

 
VIESVI LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
428,209
424,329

Tax recoverable
25,233
27,654

453,442
451,983



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
42,065
38,335



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
9,446
-

Corporation tax
157,214
187,065

Other taxation and social security
32,275
-

Accruals
2,750
7,100

201,685
194,165



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary shares share of £1.00
1
1



9.


Related party transactions

As at 31 March 2023, the company was owed £428,209 (2022 - £424,329) from the directors.                            An interest of £7,709 (2022 - £4,788) has been charged on the loan and the loan is repayable on demand.
 

 
4