Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true32023-03-01falseSpecialised design including patenting of waterproof stationary goods including anti-glare and waterproof holders for electronic items.3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08915965 2023-03-01 2024-02-29 08915965 2022-03-01 2023-02-28 08915965 2024-02-29 08915965 2023-02-28 08915965 c:Director2 2023-03-01 2024-02-29 08915965 d:PlantMachinery 2023-03-01 2024-02-29 08915965 d:PlantMachinery 2024-02-29 08915965 d:PlantMachinery 2023-02-28 08915965 d:OfficeEquipment 2023-03-01 2024-02-29 08915965 d:OfficeEquipment 2024-02-29 08915965 d:OfficeEquipment 2023-02-28 08915965 d:PatentsTrademarksLicencesConcessionsSimilar 2024-02-29 08915965 d:PatentsTrademarksLicencesConcessionsSimilar 2023-02-28 08915965 d:PatentsTrademarksLicencesConcessionsSimilar d:PriorPeriodIncreaseDecrease 2023-03-01 2024-02-29 08915965 d:Goodwill 2023-03-01 2024-02-29 08915965 d:Goodwill 2024-02-29 08915965 d:Goodwill 2023-02-28 08915965 d:Goodwill d:PriorPeriodIncreaseDecrease 2023-03-01 2024-02-29 08915965 d:CurrentFinancialInstruments 2024-02-29 08915965 d:CurrentFinancialInstruments 2023-02-28 08915965 d:Non-currentFinancialInstruments 2024-02-29 08915965 d:Non-currentFinancialInstruments 2023-02-28 08915965 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08915965 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08915965 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 08915965 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 08915965 d:ShareCapital 2024-02-29 08915965 d:ShareCapital 2023-02-28 08915965 d:RetainedEarningsAccumulatedLosses 2024-02-29 08915965 d:RetainedEarningsAccumulatedLosses 2023-02-28 08915965 c:OrdinaryShareClass1 2023-03-01 2024-02-29 08915965 c:OrdinaryShareClass1 2024-02-29 08915965 c:OrdinaryShareClass1 2023-02-28 08915965 c:FRS102 2023-03-01 2024-02-29 08915965 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08915965 c:FullAccounts 2023-03-01 2024-02-29 08915965 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08915965 2 2023-03-01 2024-02-29 08915965 d:Goodwill d:OwnedIntangibleAssets 2023-03-01 2024-02-29 08915965 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-03-01 2024-02-29 08915965 e:PoundSterling 2023-03-01 2024-02-29 08915965 d:PriorPeriodErrorIncreaseDecrease 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08915965









VIP WEATHERWRITER LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
VIP WEATHERWRITER LIMITED
REGISTERED NUMBER: 08915965

BALANCE SHEET
AS AT 29 FEBRUARY 2024

As restated
2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
77,676
85,501

Tangible assets
 5 
2
2

  
77,678
85,503

CURRENT ASSETS
  

Stocks
  
15,000
25,000

Debtors: amounts falling due within one year
 6 
20,122
24,509

Cash at bank and in hand
  
116,513
87,505

  
151,635
137,014

Creditors: amounts falling due within one year
 7 
(19,787)
(21,685)

NET CURRENT ASSETS
  
 
 
131,848
 
 
115,329

TOTAL ASSETS LESS CURRENT LIABILITIES
  
209,526
200,832

Creditors: amounts falling due after more than one year
  
(165,473)
(178,933)

  

NET ASSETS
  
44,053
21,899


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
43,953
21,799

  
44,053
21,899


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.

Page 1

 
VIP WEATHERWRITER LIMITED
REGISTERED NUMBER: 08915965
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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 by: 




P Allen
Director

Date: 8 November 2024

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

Page 2

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

1.


GENERAL INFORMATION

VIP Weatherwriter is a private company limited by shares and incorporated in England, its registered office is Willow Farm, Pettaugh, Stowmarket, Suffolk, IP14 6AX.
The Company's functional and presentational currency is GBP.

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

TURNOVER

Turnover comprises revenue recognised by the Company in respect of design products and services supplied during the year, exclusive of Value Added Tax. Revenue is recognised as the fair value of the consideration received or receivable and is recognised in the period to which it relates.

 
2.3

INTEREST INCOME

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

 
2.4

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.6

INTANGIBLE ASSETS

GOODWILL

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life of 20 years.

OTHER INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets other than goodwill are considered to have a finite useful life of 10 years and are amortised over their useful lives.

 
2.7

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 4

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

2.ACCOUNTING POLICIES (CONTINUED)


2.7
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Office equipment
-
33%

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.

 
2.8

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 balance sheet 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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

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

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


INTANGIBLE ASSETS






Patents
Goodwill
Total

£
£
£



COST


At 1 March 2023
39,711
155,931
195,642



At 29 February 2024

39,711
155,931
195,642



AMORTISATION


Prior Year Adjustment
39,711
70,430
110,141


At 1 March 2023 (as restated)
39,711
70,430
110,141


Charge for the year on owned assets
-
7,825
7,825



At 29 February 2024

39,711
78,255
117,966



NET BOOK VALUE



At 29 February 2024
-
77,676
77,676



At 28 February 2023 (as restated)
-
85,501
85,501



Page 6

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

5.


TANGIBLE FIXED ASSETS







Plant and machinery
Office equipment
Total

£
£
£



COST OR VALUATION


At 1 March 2023
30,336
1,982
32,318



At 29 February 2024

30,336
1,982
32,318



DEPRECIATION


At 1 March 2023
30,335
1,981
32,316



At 29 February 2024

30,335
1,981
32,316



NET BOOK VALUE



At 29 February 2024
1
1
2



At 28 February 2023
1
1
2


6.


DEBTORS

2024
2023
£
£


Trade debtors
19,987
24,509

Other debtors
135
-

20,122
24,509


Page 7

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

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
8,255
22,096

Corporation tax
687
118

Other taxation and social security
6,962
(3,029)

Other creditors
133
-

Accruals and deferred income
3,750
2,500

19,787
21,685



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Other creditors
165,473
178,933

165,473
178,933



9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1 each
100
100



10.


PRIOR YEAR ADJUSTMENT

The 2023 balance sheet and profit and loss have been restated to include amortisation on intangible fixed assets. The profit and loss account has been reduced by £110,141.

 
Page 8