Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false28true2023-04-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10059988 2023-04-01 2024-03-31 10059988 2022-04-01 2023-03-31 10059988 2024-03-31 10059988 2023-03-31 10059988 c:Director3 2023-04-01 2024-03-31 10059988 c:Director4 2023-04-01 2024-03-31 10059988 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 10059988 d:Buildings d:LongLeaseholdAssets 2024-03-31 10059988 d:Buildings d:LongLeaseholdAssets 2023-03-31 10059988 d:PlantMachinery 2023-04-01 2024-03-31 10059988 d:PlantMachinery 2024-03-31 10059988 d:PlantMachinery 2023-03-31 10059988 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10059988 d:MotorVehicles 2023-04-01 2024-03-31 10059988 d:MotorVehicles 2024-03-31 10059988 d:MotorVehicles 2023-03-31 10059988 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10059988 d:OfficeEquipment 2023-04-01 2024-03-31 10059988 d:ComputerEquipment 2023-04-01 2024-03-31 10059988 d:ComputerEquipment 2024-03-31 10059988 d:ComputerEquipment 2023-03-31 10059988 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10059988 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10059988 d:CurrentFinancialInstruments 2024-03-31 10059988 d:CurrentFinancialInstruments 2023-03-31 10059988 d:Non-currentFinancialInstruments 2024-03-31 10059988 d:Non-currentFinancialInstruments 2023-03-31 10059988 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10059988 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10059988 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10059988 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10059988 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10059988 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10059988 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10059988 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10059988 d:ShareCapital 2024-03-31 10059988 d:ShareCapital 2023-03-31 10059988 d:RetainedEarningsAccumulatedLosses 2024-03-31 10059988 d:RetainedEarningsAccumulatedLosses 2023-03-31 10059988 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10059988 c:OrdinaryShareClass1 2024-03-31 10059988 c:OrdinaryShareClass1 2023-03-31 10059988 c:OrdinaryShareClass2 2023-04-01 2024-03-31 10059988 c:OrdinaryShareClass2 2024-03-31 10059988 c:OrdinaryShareClass2 2023-03-31 10059988 c:OrdinaryShareClass3 2023-04-01 2024-03-31 10059988 c:OrdinaryShareClass3 2024-03-31 10059988 c:OrdinaryShareClass3 2023-03-31 10059988 c:OrdinaryShareClass4 2023-04-01 2024-03-31 10059988 c:OrdinaryShareClass4 2024-03-31 10059988 c:OrdinaryShareClass4 2023-03-31 10059988 c:FRS102 2023-04-01 2024-03-31 10059988 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10059988 c:FullAccounts 2023-04-01 2024-03-31 10059988 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10059988 d:WithinOneYear 2024-03-31 10059988 d:WithinOneYear 2023-03-31 10059988 d:BetweenOneFiveYears 2024-03-31 10059988 d:BetweenOneFiveYears 2023-03-31 10059988 2 2023-04-01 2024-03-31 10059988 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10059988









NU VENDING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
NU VENDING LTD
REGISTERED NUMBER: 10059988

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
91,618
75,712

Current assets
  

Stocks
  
100,460
53,724

Debtors: amounts falling due within one year
 5 
548,793
420,345

Cash at bank and in hand
  
742,872
548,928

  
1,392,125
1,022,997

Creditors: amounts falling due within one year
 6 
(628,610)
(475,648)

Net current assets
  
 
 
763,515
 
 
547,349

Creditors: amounts falling due after more than one year
 7 
(13,500)
(22,500)

  

Net assets
  
841,633
600,561


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
841,533
600,461

  
841,633
600,561


Page 1

 
NU VENDING LTD
REGISTERED NUMBER: 10059988
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 October 2024.


M Kemp
J Cogger
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NU VENDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Nu Vending Ltd is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS.

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

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.

 
2.3

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, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
20%
straight line on cost
Plant and machinery
-
25%
straight line on cost
Motor vehicles
-
25%
straight line on cost
Office equipment
-
25%
straight line on cost
Computer equipment
-
25%
straight line 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.

 
2.4

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. 

 
2.5

Debtors

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

Page 3

 
NU VENDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits. 

 
2.7

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Interest income

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

Page 4

 
NU VENDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Taxation

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 22).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost


At 1 April 2023
4,505
124,387
12,002
14,908
155,802


Additions
-
37,343
-
11,731
49,074



At 31 March 2024

4,505
161,730
12,002
26,639
204,876



Depreciation


At 1 April 2023
1,445
59,706
12,004
6,935
80,090


Charge for the year on owned assets
1,126
28,139
-
3,903
33,168



At 31 March 2024

2,571
87,845
12,004
10,838
113,258



Net book value



At 31 March 2024
1,934
73,885
(2)
15,801
91,618



At 31 March 2023
3,060
64,681
(2)
7,973
75,712

Page 5

 
NU VENDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
425,333
296,169

Other debtors
58,018
62,377

Prepayments and accrued income
65,442
61,799

548,793
420,345



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,000
9,000

Trade creditors
295,885
290,469

Corporation tax
152,790
70,592

Other taxation and social security
108,583
73,348

Other creditors
26,783
21,177

Accruals
35,569
11,062

628,610
475,648



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,500
22,500

13,500
22,500


Page 6

 
NU VENDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,000
9,000

Amounts falling due 1-2 years

Bank loans
4,500
9,000

Amounts falling due 2-5 years

Bank loans
9,000
13,500


22,500
31,500



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



575 (2023 - 574) A Ordinary shares of £0.10 each
57
57
175 (2023 - 175) B Ordinary shares of £0.10 each
18
18
100 (2023 - 100) C Ordinary shares of £0.10 each
10
10
150 (2023 - 150) D Ordinary shares of £0.10 each
15
15

100

100



10.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
66,033
44,542

Later than 1 year and not later than 5 years
52,439
91,242

118,472
135,784

Page 7

 
NU VENDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Related party transactions

At the reporting date, the directors owed £26,319 (2023: £26,178) to the company. Interest of £584 (2023: £705) was charged on loans to directors in the year. All loans were repaid following the reporting date.


12.


Controlling party

The company is under the control of Max Kemp as he owns the majority of the share capital of the company.

 
Page 8