Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-12-01falseNo description of principal activity5falsetruefalse 04513145 2022-12-01 2023-11-30 04513145 2021-12-01 2022-11-30 04513145 2023-11-30 04513145 2022-11-30 04513145 c:Director1 2022-12-01 2023-11-30 04513145 d:FurnitureFittings 2022-12-01 2023-11-30 04513145 d:FurnitureFittings 2023-11-30 04513145 d:FurnitureFittings 2022-11-30 04513145 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04513145 d:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 04513145 d:OtherPropertyPlantEquipment 2023-11-30 04513145 d:OtherPropertyPlantEquipment 2022-11-30 04513145 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04513145 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04513145 d:CurrentFinancialInstruments 2023-11-30 04513145 d:CurrentFinancialInstruments 2022-11-30 04513145 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04513145 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 04513145 d:ShareCapital 2023-11-30 04513145 d:ShareCapital 2022-11-30 04513145 d:RetainedEarningsAccumulatedLosses 2023-11-30 04513145 d:RetainedEarningsAccumulatedLosses 2022-11-30 04513145 c:FRS102 2022-12-01 2023-11-30 04513145 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04513145 c:FullAccounts 2022-12-01 2023-11-30 04513145 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04513145 2 2022-12-01 2023-11-30 04513145 6 2022-12-01 2023-11-30 04513145 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 04513145









VERYMUCHSO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
VERYMUCHSO LIMITED
REGISTERED NUMBER: 04513145

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible fixed assets
 4 
19,440
24,106

Investments
 5 
3
-

  
19,443
24,106

Current assets
  

Debtors: amounts falling due within one year
 6 
492,185
203,023

Bank and cash balances
  
31,511
566,287

  
523,696
769,310

Creditors: amounts falling due within one year
 7 
(91,925)
(144,129)

Net current assets
  
 
 
431,771
 
 
625,181

  

Net assets
  
451,214
649,287


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
451,212
649,285

  
451,214
649,287


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 27 August 2024.



Daniel Gordon
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
VERYMUCHSO LIMITED
REGISTERED NUMBER: 04513145
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023


Page 2

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

1.


General information

Verymuchso Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is 8 Hallam Grange Rise, Sheffield, South Yorkshire, S10 4BG.

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

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Turnover includes net invoiced sales, licence fees, royalties, merchandising income and grants receivable in respect of film and television production.
Production fees and overhead recoveries are recognised at appropriate stages of the production period.
Where production funds received exceed costs incurred to date, the balance is treated as deferred income and held on the balance sheet until further costs are incurred. At this point the deferred income is released to the profit and loss account.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax.

  
2.4

Cost of sales

Film production costs incurred in producing a film are recognised in the profit and loss account as cost of sales in the period in which they are incurred.

 
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

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

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.

Depreciation is provided on the following basis:

Fixtures, fittings & equipment
-
25%
on written down value
Other fixed assets
-
10%
on cost

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

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.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans to/from related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

Page 4

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

2.Accounting policies (continued)

 
2.11

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.

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.

 
2.12

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.

 
2.13

Interest income

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

 
2.14

Taxation

Tax is recognised in the Statement of income and retained earnings.
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 2).

Page 5

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

4.


Tangible fixed assets





Fixtures, fittings & equipment
Other fixed assets
Total

£
£
£



Cost


At 1 December 2022
54,376
13,598
67,974



At 30 November 2023

54,376
13,598
67,974



Depreciation


At 1 December 2022
41,148
2,720
43,868


Charge for the year on owned assets
3,307
1,359
4,666



At 30 November 2023

44,455
4,079
48,534



Net book value



At 30 November 2023
9,921
9,519
19,440



At 30 November 2022
13,228
10,878
24,106


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


Additions
3



At 30 November 2023
3




Page 6

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

6.


Debtors

2023
2022
£
£


Trade debtors
35,409
121,630

Amounts owed by group undertakings
126,272
-

Other debtors
90,016
65,562

Prepayments
218,739
11,585

Tax recoverable
21,749
4,246

492,185
203,023



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
10,720
288

Amounts owed to group undertakings
3
-

Corporation tax
-
37,558

Other taxation and social security
165
24,999

Other creditors
3,679
7,664

Accruals and deferred income
77,358
73,620

91,925
144,129



8.


Transactions with directors

The director has charged the company rent which amounted to £26,400 (2022: £26,400) for the year.
The company provided the director with a loan, which was unsecured and repayable on demand, on which it charged interest at 2%/2.25% per annum. At the reporting date the director owed £69,435 (2022: £64,927) to the company.


9.


Related party transactions

The company is exempt from disclosing related party transactions with companies that are wholly owned within its group.

 
Page 7