Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01take-away food shops and mobile food shops2536truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07519899 2023-03-01 2024-02-29 07519899 2022-03-01 2023-02-28 07519899 2024-02-29 07519899 2023-02-28 07519899 c:Director1 2023-03-01 2024-02-29 07519899 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 07519899 d:Buildings d:LongLeaseholdAssets 2024-02-29 07519899 d:Buildings d:LongLeaseholdAssets 2023-02-28 07519899 d:PlantMachinery 2023-03-01 2024-02-29 07519899 d:PlantMachinery 2024-02-29 07519899 d:PlantMachinery 2023-02-28 07519899 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07519899 d:MotorVehicles 2023-03-01 2024-02-29 07519899 d:MotorVehicles 2024-02-29 07519899 d:MotorVehicles 2023-02-28 07519899 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07519899 d:FurnitureFittings 2023-03-01 2024-02-29 07519899 d:FurnitureFittings 2024-02-29 07519899 d:FurnitureFittings 2023-02-28 07519899 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07519899 d:OfficeEquipment 2023-03-01 2024-02-29 07519899 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07519899 d:CurrentFinancialInstruments 2024-02-29 07519899 d:CurrentFinancialInstruments 2023-02-28 07519899 d:Non-currentFinancialInstruments 2024-02-29 07519899 d:Non-currentFinancialInstruments 2023-02-28 07519899 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07519899 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07519899 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 07519899 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07519899 d:ShareCapital 2024-02-29 07519899 d:ShareCapital 2023-02-28 07519899 d:SharePremium 2024-02-29 07519899 d:SharePremium 2023-02-28 07519899 d:RetainedEarningsAccumulatedLosses 2024-02-29 07519899 d:RetainedEarningsAccumulatedLosses 2023-02-28 07519899 c:FRS102 2023-03-01 2024-02-29 07519899 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 07519899 c:FullAccounts 2023-03-01 2024-02-29 07519899 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07519899 d:HirePurchaseContracts d:WithinOneYear 2024-02-29 07519899 d:HirePurchaseContracts d:WithinOneYear 2023-02-28 07519899 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-02-29 07519899 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-02-28 07519899 d:HirePurchaseContracts d:MoreThanFiveYears 2024-02-29 07519899 d:HirePurchaseContracts d:MoreThanFiveYears 2023-02-28 07519899 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 07519899 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 07519899 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 07519899










VIACONA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
VIACONA LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VIACONA LIMITED
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Viacona Limited for the year ended 29 February 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of Viacona Limited, as a body, in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Viacona Limited and state those matters that we have agreed to state to the Board of directors of Viacona Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Viacona Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Viacona Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Viacona Limited. You consider that Viacona Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Viacona Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ
13 September 2024
Page 1

 
VIACONA LIMITED
REGISTERED NUMBER: 07519899

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
83,644
75,339

  
83,644
75,339

Current assets
  

Stocks
  
68,699
54,072

Debtors: amounts falling due within one year
 5 
334,167
320,986

Cash at bank and in hand
  
146,830
201,573

  
549,696
576,631

Creditors: amounts falling due within one year
 6 
(75,739)
(62,060)

Net current assets
  
 
 
473,957
 
 
514,571

Total assets less current liabilities
  
557,601
589,910

Creditors: amounts falling due after more than one year
 7 
(17,155)
-

Provisions for liabilities
  

Deferred tax
 9 
(15,893)
(14,315)

  
 
 
(15,893)
 
 
(14,315)

Net assets
  
524,553
575,595


Capital and reserves
  

Called up share capital 
  
88,620
88,620

Share premium account
  
53,953
53,953

Profit and loss account
  
381,980
433,022

  
524,553
575,595


Page 2

 
VIACONA LIMITED
REGISTERED NUMBER: 07519899
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 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 10 September 2024.




S E Leyvraz
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
VIACONA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP

The following principal accounting policies have been applied:

 
1.2

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:

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.

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.

 
1.3

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.

Page 4

 
VIACONA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.Accounting policies (continued)

 
1.4

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.

 
1.5

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.

 
1.6

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.

 
1.7

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 5

 
VIACONA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.Accounting policies (continued)


1.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as shown below.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20%
Straight-line
Plant and machinery
-
20%
Straight-line
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
20%
Reducing balance
Office 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.

 
1.8

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.

 
1.9

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.

 
1.10

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.

 
1.11

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.

Page 6

 
VIACONA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.Accounting policies (continued)

 
1.12

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.

 
1.13

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.


General information

The Company is a private company, limited by shares and registered in England. 
Its registered numbers is: 07519899
Its Registered Office is:
1 West Park Walk
East Village 
Stratford
London
England
E20 1DH


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 36).

Page 7

 
VIACONA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 March 2023
111,746
277,131
19,722
64,564
473,163


Additions
4,723
5,855
32,995
4,043
47,616


Disposals
-
-
(14,222)
-
(14,222)



At 29 February 2024

116,469
282,986
38,495
68,607
506,557



Depreciation


At 1 March 2023
110,306
241,719
11,404
34,395
397,824


Charge for the year on owned assets
1,305
15,602
8,829
7,575
33,311


Disposals
-
-
(8,222)
-
(8,222)



At 29 February 2024

111,611
257,321
12,011
41,970
422,913



Net book value



At 29 February 2024
4,858
25,665
26,484
26,637
83,644



At 28 February 2023
1,440
35,412
8,318
30,169
75,339


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
36,394
22,255

Amounts owed by group undertakings
268,202
268,202

Other debtors
29,571
30,529

334,167
320,986


Page 8

 
VIACONA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
8,824
-

Corporation tax
9,109
8,082

Other taxation and social security
21,850
20,554

Obligations under finance lease and hire purchase contracts
3,935
-

Other creditors
30,026
31,524

Accruals and deferred income
1,995
1,900

75,739
62,060



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
17,155
-

17,155
-


Page 9

 
VIACONA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

29 February
28 February
2024
2023
£
£


Within one year
3,935
-

Between 1-5 years
4,733
-

Over 5 years
12,422
-

21,090
-

Page 10

 
VIACONA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Deferred taxation






2024


£






At beginning of year
(14,315)


Charged to profit or loss
(1,578)



At end of year
(15,893)

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
(15,893)
(14,315)

(15,893)
(14,315)


10.


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 £9,818 (2023 - £6,944). Contributions totalling £1,966 (2023 - £7,010) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

The amount due from the directors, and included in other debtors at the reporting date, was £1,071; (2023: £2,029).  The loan does not attract a rate of interest and is repayable on demand.

 
Page 11