Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsetrue2023-05-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC593501 2023-05-01 2024-04-30 SC593501 2022-05-01 2023-04-30 SC593501 2024-04-30 SC593501 2023-04-30 SC593501 c:Director1 2023-05-01 2024-04-30 SC593501 c:Director2 2023-05-01 2024-04-30 SC593501 c:RegisteredOffice 2023-05-01 2024-04-30 SC593501 d:PlantMachinery 2023-05-01 2024-04-30 SC593501 d:PlantMachinery 2024-04-30 SC593501 d:PlantMachinery 2023-04-30 SC593501 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC593501 d:CurrentFinancialInstruments 2024-04-30 SC593501 d:CurrentFinancialInstruments 2023-04-30 SC593501 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC593501 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC593501 d:ShareCapital 2024-04-30 SC593501 d:ShareCapital 2023-04-30 SC593501 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC593501 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC593501 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC593501 c:OrdinaryShareClass1 2024-04-30 SC593501 c:OrdinaryShareClass1 2023-04-30 SC593501 c:FRS102 2023-05-01 2024-04-30 SC593501 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC593501 c:FullAccounts 2023-05-01 2024-04-30 SC593501 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC593501 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC593501










VAHIN ENTERPRISE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
VAHIN ENTERPRISE LIMITED
 

COMPANY INFORMATION


Directors
Mrs P Raju 
Mr M Vijayakumar 




Registered number
SC593501



Registered office
301 Craigie Drive

Dundee

DD4 7UE




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
VAHIN ENTERPRISE LIMITED
REGISTERED NUMBER: SC593501

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
8,928
4,848

  
8,928
4,848

CURRENT ASSETS
  

Stocks
  
3,200
5,452

Debtors: amounts falling due within one year
 5 
6,108
26,011

Cash at bank and in hand
  
3,679
1,181

  
12,987
32,644

Creditors: amounts falling due within one year
 6 
(18,097)
(37,344)

NET CURRENT LIABILITIES
  
 
 
(5,110)
 
 
(4,700)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
3,818
148

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(1,696)
-

  
 
 
(1,696)
 
 
-

NET ASSETS
  
2,122
148


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
2,022
48

  
2,122
148


Page 1

 
VAHIN ENTERPRISE LIMITED
REGISTERED NUMBER: SC593501

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 on 21 August 2024.




Mr M Vijayakumar
Director

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

Page 2

 
VAHIN ENTERPRISE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


GENERAL INFORMATION

Vahin Enterprise Limited is a private company, limited by shares, incorporated in Scotland with registration number SC593501. The registered office is 301 Craigie Drive, Dundee, DD4 7UE.
The Company's functional and presentational currency is GBP.

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

TURNOVER

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

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
VAHIN ENTERPRISE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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 reporting 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 reporting 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 reporting date.

 
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.

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:

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.

 
2.6

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 reporting 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.

Page 4

 
VAHIN ENTERPRISE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

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.

 
2.8

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 (2023 - 2).


4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 May 2023
7,068


Additions
5,655



At 30 April 2024

12,723



DEPRECIATION


At 1 May 2023
2,220


Charge for the year on owned assets
1,575



At 30 April 2024

3,795



NET BOOK VALUE



At 30 April 2024
8,928



At 30 April 2023
4,848

Page 5

 
VAHIN ENTERPRISE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


DEBTORS

2024
2023
£
£


Trade debtors
6,108
381

Other debtors
-
25,630

6,108
26,011



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
5,212
9,427

Trade creditors
-
480

Other taxation and social security
7,786
7,213

Other creditors
99
20,224

Accruals and deferred income
5,000
-

18,097
37,344



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 6