Vicine Limited 11483821 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Specialised design activities Digita Accounts Production Advanced 6.30.9574.0 true 11483821 2023-08-01 2024-07-31 11483821 2024-07-31 11483821 bus:OrdinaryShareClass1 2024-07-31 11483821 bus:OrdinaryShareClass2 2024-07-31 11483821 core:CurrentFinancialInstruments 2024-07-31 11483821 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 11483821 core:FurnitureFittingsToolsEquipment 2024-07-31 11483821 bus:SmallEntities 2023-08-01 2024-07-31 11483821 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11483821 bus:FilletedAccounts 2023-08-01 2024-07-31 11483821 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11483821 bus:RegisteredOffice 2023-08-01 2024-07-31 11483821 bus:Director1 2023-08-01 2024-07-31 11483821 bus:Director2 2023-08-01 2024-07-31 11483821 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 11483821 bus:OrdinaryShareClass2 2023-08-01 2024-07-31 11483821 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11483821 core:KeyManagementPersonnel 2023-08-01 2024-07-31 11483821 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-08-01 2024-07-31 11483821 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl core:RenderingOrReceivingServices 2023-08-01 2024-07-31 11483821 countries:England 2023-08-01 2024-07-31 11483821 2023-07-31 11483821 core:FurnitureFittingsToolsEquipment 2023-07-31 11483821 2022-08-01 2023-07-31 11483821 2023-07-31 11483821 bus:OrdinaryShareClass1 2023-07-31 11483821 bus:OrdinaryShareClass2 2023-07-31 11483821 core:CurrentFinancialInstruments 2023-07-31 11483821 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 11483821 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl core:RenderingOrReceivingServices 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11483821

Vicine Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Vicine Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Vicine Limited

Company Information

Directors

Francesca Oddenino Bettasso

Martina Garbolino

Registered office

483 Green Lanes
London
N13 4BS

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

Vicine Limited

(Registration number: 11483821)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

33,060

17,294

Cash at bank and in hand

 

162,468

408,909

 

195,528

426,203

Creditors: Amounts falling due within one year

6

(67,514)

(114,462)

Net assets

 

128,014

311,741

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

128,012

311,739

Shareholders' funds

 

128,014

311,741

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 October 2024 and signed on its behalf by:
 

.........................................
Francesca Oddenino Bettasso
Director

.........................................
Martina Garbolino
Director

 

Vicine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
483 Green Lanes
London
N13 4BS
England

These financial statements were authorised for issue by the Board on 3 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Vicine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Vicine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

2,899

2,899

At 31 July 2024

2,899

2,899

Depreciation

At 1 August 2023

2,899

2,899

At 31 July 2024

2,899

2,899

Carrying amount

At 31 July 2024

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

32,665

17,294

Other debtors

395

-

 

33,060

17,294

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

65,551

42,665

Accruals and deferred income

1,963

1,963

Other creditors

-

69,834

67,514

114,462

7

Share capital

Allotted, called up and fully paid shares

 

Vicine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2024

2023

No.

£

No.

£

Ordinary Share Class 'A' of £1 each

1

1

1

1

Ordinary Share Class 'B' of £1 each

1

1

1

1

2

2

2

2

8

Related party transactions

The amount due to the director(Martina) at the year end was £0 (2023 - £69,834).
 

Key management personnel

Francesa Oddenino - Director

Summary of transactions with key management

Subcontracting from US sole trading business.
 

Expenditure with and payables to related parties

2024

Key management
£

Rendering of services

337,334

2023

Key management
£

Rendering of services

96,418