Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05252591 2022-11-01 2023-10-31 05252591 2021-11-01 2022-10-31 05252591 2023-10-31 05252591 2022-10-31 05252591 c:Director1 2022-11-01 2023-10-31 05252591 d:PlantMachinery 2022-11-01 2023-10-31 05252591 d:PlantMachinery 2023-10-31 05252591 d:PlantMachinery 2022-10-31 05252591 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 05252591 d:CurrentFinancialInstruments 2023-10-31 05252591 d:CurrentFinancialInstruments 2022-10-31 05252591 d:Non-currentFinancialInstruments 2023-10-31 05252591 d:Non-currentFinancialInstruments 2022-10-31 05252591 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 05252591 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 05252591 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 05252591 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 05252591 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 05252591 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 05252591 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 05252591 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 05252591 d:ShareCapital 2023-10-31 05252591 d:ShareCapital 2022-10-31 05252591 d:RetainedEarningsAccumulatedLosses 2023-10-31 05252591 d:RetainedEarningsAccumulatedLosses 2022-10-31 05252591 c:OrdinaryShareClass1 2022-11-01 2023-10-31 05252591 c:OrdinaryShareClass1 2023-10-31 05252591 c:OrdinaryShareClass1 2022-10-31 05252591 c:FRS102 2022-11-01 2023-10-31 05252591 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 05252591 c:FullAccounts 2022-11-01 2023-10-31 05252591 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05252591 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 05252591 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 05252591 d:RetirementBenefitObligationsDeferredTax 2023-10-31 05252591 d:RetirementBenefitObligationsDeferredTax 2022-10-31 05252591 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05252591









VI'ENNE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
VI'ENNE LIMITED
REGISTERED NUMBER: 05252591

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,079
5,229

  
5,079
5,229

Current assets
  

Debtors: amounts falling due within one year
 5 
73,657
37,766

Cash at bank and in hand
  
367
92,898

  
74,024
130,664

Creditors: amounts falling due within one year
 6 
(61,838)
(92,205)

Net current assets
  
 
 
12,186
 
 
38,459

Total assets less current liabilities
  
17,265
43,688

Creditors: amounts falling due after more than one year
 7 
(7,500)
(11,966)

Provisions for liabilities
  

Deferred tax
 9 
(1,016)
(1,092)

  
 
 
(1,016)
 
 
(1,092)

Net assets
  
8,749
30,630


Capital and reserves
  

Called up share capital 
 10 
5,001
5,001

Profit and loss account
  
3,748
25,629

  
8,749
30,630


Page 1

 
VI'ENNE LIMITED
REGISTERED NUMBER: 05252591
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers 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 director acknowledges his 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 statement of income and retained earnings 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 on 29 July 2024.




V Naik
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
VI'ENNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 05252591.  The Company's registered office is Sterling House, 71 Francis Road, Birmingham, West Midlands, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has prepared the accounts on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
VI'ENNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
VI'ENNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 5

 
VI'ENNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 November 2022
21,999


Additions
2,547



At 31 October 2023

24,546



Depreciation


At 1 November 2022
16,771


Charge for the year on owned assets
2,696



At 31 October 2023

19,467



Net book value



At 31 October 2023
5,079



At 31 October 2022
5,229

Page 6

 
VI'ENNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
45,064
31,664

Other debtors
19,512
2,465

Prepayments and accrued income
9,081
3,637

73,657
37,766



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,500
4,500

Trade creditors
9,749
19,554

Corporation tax
16,875
20,983

Other taxation and social security
26,384
26,452

Other creditors
1,628
18,933

Accruals and deferred income
2,702
1,783

61,838
92,205



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
7,500
11,966

7,500
11,966


Page 7

 
VI'ENNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,500
4,500


4,500
4,500

Amounts falling due 1-2 years

Bank loans
4,500
4,500


4,500
4,500

Amounts falling due 2-5 years

Bank loans
3,000
7,466


3,000
7,466


12,000
16,466



9.


Deferred taxation




2023


£






At beginning of year
(1,091)


Charged to profit or loss
75



At end of year
(1,016)

Page 8

 
VI'ENNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,168)
(1,150)

Pension surplus
151
59

(1,017)
(1,091)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5,001 (2022 - 5,001) Ordinary shares of £1.00 each
5,001
5,001



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund.  Contributions totalling £1,030 (2022 - £444) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

During the year the company loaned the director £69,624 (2022 - £80,500) and received repayments of £31,802 (2022 - £112,263). Interest was charged on the loan at an average of 2.15% (2021 - 2.00%) for the year. The balance owed to the company as at 31 October 2023 was £19,513 (2022 - £18,309 due to the director).

 
Page 9