Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-01-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC274787 2023-01-01 2023-12-31 SC274787 2022-01-01 2022-12-31 SC274787 2023-12-31 SC274787 2022-12-31 SC274787 2022-01-01 SC274787 c:Director1 2023-01-01 2023-12-31 SC274787 d:ShareCapital 2023-01-01 2023-12-31 SC274787 d:ShareCapital 2023-12-31 SC274787 d:ShareCapital 2022-01-01 2022-12-31 SC274787 d:ShareCapital 2022-12-31 SC274787 d:ShareCapital 2022-01-01 SC274787 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 SC274787 d:CapitalRedemptionReserve 2023-12-31 SC274787 d:CapitalRedemptionReserve 2022-01-01 2022-12-31 SC274787 d:CapitalRedemptionReserve 2022-12-31 SC274787 d:CapitalRedemptionReserve 2022-01-01 SC274787 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 SC274787 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC274787 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 SC274787 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC274787 d:RetainedEarningsAccumulatedLosses 2022-01-01 SC274787 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC274787 c:OrdinaryShareClass1 2023-12-31 SC274787 c:OrdinaryShareClass1 2022-12-31 SC274787 c:OrdinaryShareClass2 2023-01-01 2023-12-31 SC274787 c:OrdinaryShareClass2 2023-12-31 SC274787 c:OrdinaryShareClass2 2022-12-31 SC274787 c:OrdinaryShareClass3 2023-01-01 2023-12-31 SC274787 c:OrdinaryShareClass3 2023-12-31 SC274787 c:OrdinaryShareClass3 2022-12-31 SC274787 c:FRS102 2023-01-01 2023-12-31 SC274787 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC274787 c:FullAccounts 2023-01-01 2023-12-31 SC274787 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC274787 d:Subsidiary1 2023-01-01 2023-12-31 SC274787 d:Subsidiary1 1 2023-01-01 2023-12-31 SC274787 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure



















VME Coop Limited

Registered number: SC274787
Filleted Financial Statements
For the year ended 31 December 2023

 
VME COOP LIMITED
REGISTERED NUMBER: SC274787

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments

 4 

3,065,250
3,065,250

Current assets
  

Cash and cash equivalents
  
10,392
6,851

Current Liabilities
  

Total assets less current liabilities
  
 
 
3,075,642
 
 
3,072,101

  

Net assets
  
3,075,642
3,072,101


Capital and reserves
  

Called up share capital 
 5 
10,325
6,808

Capital redemption reserve
 6 
50
38

Profit and loss account
 6 
3,065,267
3,065,255

  
3,075,642
3,072,101


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 comprehensive income 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: 




Mr Richard Coyle
Director

Date: 11 September 2024

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

Page 1

 
VME COOP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
3,289
38
3,065,255
3,068,582
Total comprehensive income for the year
-
-
-
-

Shares issued during the year
3,519
-
-
3,519



At 1 January 2023
6,808
38
3,065,255
3,072,101


Comprehensive income for the year

Profit for the year
-
-
12
12
Total comprehensive income for the year
-
-
12
12

Purchase of own shares
-
12
-
12

Shares issued during the year
3,529
-
-
3,529

Shares redeemed during the year
(12)
-
-
(12)


At 31 December 2023
10,325
50
3,065,267
3,075,642


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

Page 2

 
VME COOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

VME Coop Limited (the 'Company') is a private company limited by shares, registered in Scotland. The address of its registered office is Crook of Devon House, Main Street, Crook of Devon, Perth & Kinross, KY13 0UQ. The Company's registered number is SC274787. 
The Company's principal activity during the year was that of a holding company.
The financial statements are presented in Sterling (£) and rounded to the nearest £.

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

Going concern

The Company's ultimate controlling parties are the members of the company. The Directors have considered the Company's future prospects and the avaliability of finance in the future. The Directors are confident that the Company has sufficient resources to meet its liabilities over the next twelve months from the date that these financial statements were signed. 
The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Accordingly, they continue to adopt the going concern basis in preparing the Annual Report and accounts.

Page 3

 
VME COOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in the Statement of Comprehensive Income 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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted group shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

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.

 
2.6

Dividends

Dividends and other distributions to the Company's shareholders are recognised in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the Statement of Changes in Equity.


3.


Employees




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

Page 4

 
VME COOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investment in subsidiary undertaking





Investment in subsidiary undertaking

£



Cost


At 1 January 2023
3,065,250



At 31 December 2023

3,065,250






Net book value



At 31 December 2023
3,065,250



At 31 December 2022
3,065,250


Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

VME Retail Systems Limited
11 Carnbeg Avenue, Antrim, Northern Ireland, BT41 4RA
The design, marketing and installation of specialised computer systems.
Ordinary
100%

Page 5

 
VME COOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Share capital

VME Coop Limited have 10,000 (2022 - 10,000) authorised shares of £0.01 each.


2023
2022
£
£
Allotted, called up and fully paid



528,091 (2022 - 348,091) EOT shares of £0.01 each
5,281
3,481
90,517 (2022 - 77,508) Labour shares of £0.01 each
905
775
413,917 (2022 - 255,242) Investor shares of £0.01 each
4,139
2,552

10,325

6,808


During the year, 13,009 Ordinary Labour shares of £0.01 each, 158,685 Ordinary Investor shares of £0.01 and 180,000 Ordinary EOT shares of £0.01 were issued at par and fully paid up.


6.


Reserves

Capital redemption reserve

This reserve records the nominal value of shares repurchased by the Company.

Profit and loss account

This reserve represents the total of undistributed profit & losses in the current and prior years.


7.


Related party transactions

The Company has availed of the exemption under FRS 102 section 33, paragraph 33.1A in relation to the disclosure of transactions with group companies as all of the voting rights are controlled within the group.


8.


Ultimate controlling party

The ultimate parent undertaking is VME Trustees Limited whose registered address is Crook of Devon House, Main Street, Crook of Devon, Perth and Kinross, KY13 0UQ. VME Trustees Limited have taken advantage of exemptions available to small groups not to prepare consolidated group financial statements. 
In the opinion of the Directors, there is no ultimate controlling party.

 
Page 6