IRIS Accounts Production v24.2.0.383 11774648 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117746482023-01-31117746482024-01-31117746482023-02-012024-01-31117746482022-01-31117746482022-02-012023-01-31117746482023-01-3111774648ns15:EnglandWales2023-02-012024-01-3111774648ns14:PoundSterling2023-02-012024-01-3111774648ns10:Director12023-02-012024-01-3111774648ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111774648ns10:SmallEntities2023-02-012024-01-3111774648ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111774648ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111774648ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111774648ns10:FullAccounts2023-02-012024-01-3111774648ns10:OrdinaryShareClass12023-02-012024-01-3111774648ns10:RegisteredOffice2023-02-012024-01-3111774648ns5:CurrentFinancialInstruments2024-01-3111774648ns5:CurrentFinancialInstruments2023-01-3111774648ns5:ShareCapital2024-01-3111774648ns5:ShareCapital2023-01-3111774648ns5:RetainedEarningsAccumulatedLosses2024-01-3111774648ns5:RetainedEarningsAccumulatedLosses2023-01-3111774648ns5:LeaseholdImprovements2023-01-3111774648ns5:PlantMachinery2023-01-3111774648ns5:FurnitureFittings2023-01-3111774648ns5:LeaseholdImprovements2023-02-012024-01-3111774648ns5:PlantMachinery2023-02-012024-01-3111774648ns5:FurnitureFittings2023-02-012024-01-3111774648ns5:LeaseholdImprovements2024-01-3111774648ns5:PlantMachinery2024-01-3111774648ns5:FurnitureFittings2024-01-3111774648ns5:LeaseholdImprovements2023-01-3111774648ns5:PlantMachinery2023-01-3111774648ns5:FurnitureFittings2023-01-3111774648ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111774648ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111774648ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 11774648 (England and Wales)










Vesaevus Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2024






Vesaevus Ltd (Registered number: 11774648)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vesaevus Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr G Sicignano





REGISTERED OFFICE: 31 Sackville Street
Manchester
England
M1 3LZ





REGISTERED NUMBER: 11774648 (England and Wales)






Vesaevus Ltd (Registered number: 11774648)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 90,288 91,420
Investments 6 119,423 125,223
209,711 216,643

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 7 5,716 -
Cash at bank and in hand 171,948 108,141
187,664 118,141
CREDITORS
Amounts falling due within one year 8 (188,364 ) (172,722 )
NET CURRENT LIABILITIES (700 ) (54,581 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,011

162,062

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 208,911 161,962
SHAREHOLDERS' FUNDS 209,011 162,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Vesaevus Ltd (Registered number: 11774648)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





Mr G Sicignano - Director


Vesaevus Ltd (Registered number: 11774648)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. GENERAL INFORMATION

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

The address of its registered office is:
31 Sackville Street
Manchester
M1 3LZ
England

2. 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).

3. 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.

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.

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.

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.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Vesaevus Ltd (Registered number: 11774648)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

Asset class Depreciation method and rate
Fixtures and fittings 20% Reducing Balance
Plant & Machinery 33% Straight Line

BUSINESS COMBINATIONS
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

INVESTMENTS
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.




Vesaevus Ltd (Registered number: 11774648)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 23 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
buildings machinery fittings Totals
£    £    £    £   
COST
At 1 February 2023 65,892 18,157 16,106 100,155
Additions 697 1,333 6,202 8,232
At 31 January 2024 66,589 19,490 22,308 108,387
DEPRECIATION
At 1 February 2023 - 6,054 2,681 8,735
Charge for year - 6,501 2,863 9,364
At 31 January 2024 - 12,555 5,544 18,099
NET BOOK VALUE
At 31 January 2024 66,589 6,935 16,764 90,288
At 31 January 2023 65,892 12,103 13,425 91,420

Included within the net book value of land and buildings above is £66,589 (2023 - £65,892) in respect of leasehold land and buildings.

6. INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Sole Mio Ltd 119,423 125,223

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtor 1,727 -
VAT 3,989 -
5,716 -

Vesaevus Ltd (Registered number: 11774648)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,706 11,285
Taxation and social security 29,152 57,440
Other creditors 131,506 103,997
188,364 172,722

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary share 1 100 100