Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3001162022-12-01falseNo description of principal activity117truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11061182 2022-12-01 2023-11-30 11061182 2021-12-01 2022-11-30 11061182 2023-11-30 11061182 2022-11-30 11061182 2021-12-01 11061182 c:Director1 2022-12-01 2023-11-30 11061182 d:Buildings d:LongLeaseholdAssets 2022-12-01 2023-11-30 11061182 d:Buildings d:LongLeaseholdAssets 2023-11-30 11061182 d:Buildings d:LongLeaseholdAssets 2022-11-30 11061182 d:PlantMachinery 2022-12-01 2023-11-30 11061182 d:PlantMachinery 2023-11-30 11061182 d:PlantMachinery 2022-11-30 11061182 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11061182 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11061182 d:Goodwill 2022-12-01 2023-11-30 11061182 d:Goodwill 2023-11-30 11061182 d:Goodwill 2022-11-30 11061182 d:CurrentFinancialInstruments 2023-11-30 11061182 d:CurrentFinancialInstruments 2022-11-30 11061182 d:Non-currentFinancialInstruments 2023-11-30 11061182 d:Non-currentFinancialInstruments 2022-11-30 11061182 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11061182 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11061182 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11061182 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11061182 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 11061182 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 11061182 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 11061182 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 11061182 d:ShareCapital 2023-11-30 11061182 d:ShareCapital 2022-11-30 11061182 d:RetainedEarningsAccumulatedLosses 2023-11-30 11061182 d:RetainedEarningsAccumulatedLosses 2022-11-30 11061182 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11061182 c:OrdinaryShareClass1 2023-11-30 11061182 c:OrdinaryShareClass1 2022-11-30 11061182 c:FRS102 2022-12-01 2023-11-30 11061182 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11061182 c:FullAccounts 2022-12-01 2023-11-30 11061182 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11061182 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 11061182 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 11061182 2 2022-12-01 2023-11-30 11061182 7 2022-12-01 2023-11-30 11061182 d:Goodwill d:OwnedIntangibleAssets 2022-12-01 2023-11-30 11061182 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11061182










VIEIRA GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
VIEIRA GROUP LIMITED
REGISTERED NUMBER: 11061182

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
392,918
431,251

Tangible assets
 5 
305,621
319,489

  
698,539
750,740

Current assets
  

Stocks
  
25,250
19,274

Debtors: amounts falling due within one year
 6 
15,814
20,695

Cash at bank and in hand
 7 
999,848
902,106

  
1,040,912
942,075

Creditors: amounts falling due within one year
 8 
(622,968)
(594,444)

Net current assets
  
 
 
417,944
 
 
347,631

Total assets less current liabilities
  
1,116,483
1,098,371

Creditors: amounts falling due after more than one year
 9 
(250,369)
(385,853)

Provisions for liabilities
  

Deferred tax
 11 
(57,124)
(54,164)

  
 
 
(57,124)
 
 
(54,164)

Net assets
  
808,990
658,354


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
808,890
658,254

  
808,990
658,354


Page 1

 
VIEIRA GROUP LIMITED
REGISTERED NUMBER: 11061182
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 her 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 6 August 2024.




E L Vieira
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Vieira Group Limited is a limited company incorporated in England and Wales, company number 11061182. The company's registered office is Unit 28 Apex Business Village, Cramlington, Northumberland. The trading address is McDonalds Gosforth Park, Rotary Way Off A1056, North Brunton, Gosforth, NE3 5HN.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company depends on its existing banking facility to meet its day to day working capital requirements. 
Current trading results indicate that the company expects to be able to operate within these facilities for the whole of the foreseeable future. Accordingly, the director considers it appropriate to prepare the financial statements on the going concern basis.

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

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

Page 3

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
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.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 income 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
15 years

The estimated useful life of the goodwill is based upon the franchise length.

 
2.10

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
25%
reducing balance
Plant and machinery
-
15%
reducing balance

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.

Page 5

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

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

 
2.15

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.16

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.

 
2.17

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the
Page 6

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.17
Financial instruments (continued)

present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.18

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 117 (2022 - 116).

Page 7

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 December 2022
575,000



At 30 November 2023

575,000



Amortisation


At 1 December 2022
143,749


Charge for the year on owned assets
38,333



At 30 November 2023

182,082



Net book value



At 30 November 2023
392,918



At 30 November 2022
431,251



Page 8

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 December 2022
300,000
306,167
606,167


Additions
-
46,346
46,346



At 30 November 2023

300,000
352,513
652,513



Depreciation


At 1 December 2022
197,168
89,510
286,678


Charge for the year on owned assets
25,708
34,506
60,214



At 30 November 2023

222,876
124,016
346,892



Net book value



At 30 November 2023
77,124
228,497
305,621



At 30 November 2022
102,832
216,657
319,489


6.


Debtors

2023
2022
£
£


Other debtors
6,753
598

Prepayments and accrued income
9,061
20,097

15,814
20,695


Page 9

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
999,848
902,106

Less: bank overdrafts
-
(5,884)

999,848
896,222



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
5,884

Bank loans
131,111
142,170

Trade creditors
109,063
130,853

Corporation tax
49,351
9,779

Other taxation and social security
177,654
160,222

Other creditors
6,326
8,476

Accruals and deferred income
149,463
137,060

622,968
594,444



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
250,369
385,853

250,369
385,853


Page 10

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
131,111
142,170


131,111
142,170

Amounts falling due 1-2 years

Bank loans
131,111
142,169


131,111
142,169

Amounts falling due 2-5 years

Bank loans
119,258
243,684


119,258
243,684


381,480
528,023



11.


Deferred taxation




2023
2022


£

£






At beginning of year
(54,164)
(49,045)


Charged to profit or loss
(2,960)
(5,119)



At end of year
(57,124)
(54,164)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(57,124)
(54,164)

(57,124)
(54,164)

Page 11

 
VIEIRA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) ordinary shares shares of £1.00 each
100
100



13.


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. The pension cost charge represents contributions payable by the company  to the fund and amounted to £20,028 (2022 - £22,172) . Contributions totalling £1,218 (2022 - £2,920) were payable to the fund at the balance sheet date and are included in creditors.


14.


Controlling party

The company is controlled by E L Vieira, the sole shareholder.

 
Page 12