Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activity2023-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05395811 2023-04-01 2024-03-31 05395811 2024-03-31 05395811 2022-04-01 2023-03-31 05395811 2023-03-31 05395811 c:Director1 2023-04-01 2024-03-31 05395811 c:Director2 2023-04-01 2024-03-31 05395811 d:OfficeEquipment 2023-04-01 2024-03-31 05395811 d:OfficeEquipment 2024-03-31 05395811 d:OfficeEquipment 2023-03-31 05395811 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05395811 d:CurrentFinancialInstruments 2024-03-31 05395811 d:CurrentFinancialInstruments 2023-03-31 05395811 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05395811 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05395811 d:ShareCapital 2024-03-31 05395811 d:ShareCapital 2023-03-31 05395811 d:RetainedEarningsAccumulatedLosses 2024-03-31 05395811 d:RetainedEarningsAccumulatedLosses 2023-03-31 05395811 c:FRS102 2023-04-01 2024-03-31 05395811 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05395811 c:FullAccounts 2023-04-01 2024-03-31 05395811 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05395811 2 2023-04-01 2024-03-31 05395811 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 05395811







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


VARTECH SOLUTIONS (UK) LIMITED






































img0142.png                        

 


VARTECH SOLUTIONS (UK) LIMITED
REGISTERED NUMBER:05395811



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
586
1,964

  
586
1,964

Current assets
  

Debtors: amounts falling due within one year
 5 
17,030
-

Bank and cash balances
  
60,265
67,242

  
77,295
67,242

Creditors: amounts falling due within one year
 6 
(40,954)
(39,360)

Net current assets
  
 
 
36,341
 
 
27,882

Total assets less current liabilities
  
36,927
29,846

  

Net assets
  
36,927
29,846


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
36,925
29,844

  
36,927
29,846


Page 1

 


VARTECH SOLUTIONS (UK) LIMITED
REGISTERED NUMBER:05395811


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 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 by: 




................................................
G Varda
................................................
Ms D Moscatelli
Director
Director


Date: 31 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


VARTECH SOLUTIONS (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard
applicable in the UK and the Republic of Ireland'.
Vartech Solutions (UK) Limited is a private company limited by shares, registered in England and
Wales. The company registration number and address of its registered office are disclosed on the company information page.

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.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

 
2.5

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 3

 


VARTECH SOLUTIONS (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
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:

Equipment
-
33% straight line

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

2024
2023
£
£

Wages and salaries
85,000
87,916

Social security costs
5,531
5,668

90,531
93,584


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


VARTECH SOLUTIONS (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Equipment

£



Cost or valuation


At 1 April 2023
4,131


Disposals
(1,500)



At 31 March 2024

2,631



Depreciation


At 1 April 2023
2,167


Charge for the year on owned assets
878


Disposals
(1,000)



At 31 March 2024

2,045



Net book value



At 31 March 2024
586



At 31 March 2023
1,964


5.


Debtors

2024
2023
£
£


Other debtors
17,030
-

17,030
-


Page 5

 


VARTECH SOLUTIONS (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
307
903

Corporation tax
23,175
19,039

Other taxation and social security
14,477
13,147

Other creditors
-
3,276

Accruals and deferred income
2,995
2,995

40,954
39,360



7.


Related party transactions

At the year end the company was owed  £17,030 by the directors (2023 - £3,696). No interest is being charged on the loan.

 
Page 6