Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 08524642 I Vamanu M Alexandra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08524642 2022-03-31 08524642 2023-03-31 08524642 2022-04-01 2023-03-31 08524642 frs-core:Non-currentFinancialInstruments 2023-03-31 08524642 frs-core:PlantMachinery 2022-04-01 2023-03-31 08524642 frs-core:ShareCapital 2023-03-31 08524642 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08524642 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08524642 frs-bus:AbridgedAccounts 2022-04-01 2023-03-31 08524642 frs-bus:SmallEntities 2022-04-01 2023-03-31 08524642 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08524642 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08524642 frs-bus:Director1 2022-04-01 2023-03-31 08524642 frs-bus:Director2 2022-04-01 2023-03-31 08524642 frs-countries:EnglandWales 2022-04-01 2023-03-31 08524642 2021-03-31 08524642 2022-03-31 08524642 2021-04-01 2022-03-31 08524642 frs-core:Non-currentFinancialInstruments 2022-03-31 08524642 frs-core:ShareCapital 2022-03-31 08524642 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 08524642
Vuv Trading Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2023
CoTax Professionals Ltd
Chartered Certified Accountants
Regus 4th Floor, Centenary House
1 Centenary Way
Manchester
M50 1RF
Contents
Page
Company Information 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Company Information
Directors I Vamanu
M Alexandra
Company Number 08524642
Registered Office 41 Bute Street
Salford
M50 1DU
Accountants CoTax Professionals Ltd
Chartered Certified Accountants
Regus 4th Floor, Centenary House
1 Centenary Way
Manchester
M50 1RF
Page 1
Page 2
Abridged Balance Sheet
Registered number: 08524642
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,734 7,645
5,734 7,645
CURRENT ASSETS
Stocks 91,650 52,814
Debtors 137,170 120,625
Investments 51,109 51,109
Cash at bank and in hand 130,545 334,842
410,474 559,390
Creditors: Amounts Falling Due Within One Year (283,509 ) (314,745 )
NET CURRENT ASSETS (LIABILITIES) 126,965 244,645
TOTAL ASSETS LESS CURRENT LIABILITIES 132,699 252,290
Creditors: Amounts Falling Due After More Than One Year (32,392 ) (38,719 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (660 ) (660 )
NET ASSETS 99,647 212,911
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 99,547 212,811
SHAREHOLDERS' FUNDS 99,647 212,911
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For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
I Vamanu
Director
30/04/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Vuv Trading Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08524642 . The registered office is 41 Bute Street, Salford, M50 1DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Total
£
Cost
As at 1 April 2022 20,138
As at 31 March 2023 20,138
Depreciation
As at 1 April 2022 12,493
Provided during the period 1,911
As at 31 March 2023 14,404
Net Book Value
As at 31 March 2023 5,734
As at 1 April 2022 7,645
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5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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