Registered number
07598787
Veni Vidi Vici Projects Limited
Filleted Accounts
30 April 2024
Veni Vidi Vici Projects Limited
Registered number: 07598787
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 44,359 16,427
Current assets
Debtors 4 375,007 282,529
Cash at bank and in hand 48,076 18,444
423,083 300,973
Creditors: amounts falling due within one year 5 (320,514) (228,445)
Net current assets 102,569 72,528
Total assets less current liabilities 146,928 88,955
Creditors: amounts falling due after more than one year 6 (146,788) (88,366)
Net assets 140 589
Capital and reserves
Called up share capital 100 100
Profit and loss account 40 489
Shareholders' funds 140 589
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Szczurek
Director
Approved by the board on 24 January 2025
Veni Vidi Vici Projects Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on reducing balance
Motor vehicles 25% on reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 16,027 64,079 80,106
Additions 2,844 44,237 47,081
Disposals - (32,691) (32,691)
At 30 April 2024 18,871 75,625 94,496
Depreciation
At 1 May 2023 11,731 51,948 63,679
Charge for the year 1,784 13,001 14,785
On disposals - (28,327) (28,327)
At 30 April 2024 13,515 36,622 50,137
Net book value
At 30 April 2024 5,356 39,003 44,359
At 30 April 2023 4,296 12,131 16,427
4 Debtors 2024 2023
£ £
Trade debtors 265,957 180,079
Director's loan account - 20,000
Other debtors 109,050 82,450
375,007 282,529
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 46,000 25,000
Obligations under finance lease and hire purchase contracts 15,031 4,196
Trade creditors 136,792 92,698
Taxation and social security costs 117,204 96,324
Other creditors 5,487 10,227
320,514 228,445
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 119,904 83,470
Obligations under finance lease and hire purchase contracts 26,884 4,896
146,788 88,366
7 Other information
Veni Vidi Vici Projects Limited is a private company limited by shares and incorporated in England. Its registered office is:
Sabichi House
5 Wadsworth Road
Greenford
Middlesex
UB6 7JD
Veni Vidi Vici Projects Limited 07598787 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mr M Szczurek No description of principal activity 07598787 2022-05-01 2023-04-30 07598787 core:WithinOneYear 2023-04-30 07598787 core:AfterOneYear 2023-04-30 07598787 core:ShareCapital 2023-04-30 07598787 core:RetainedEarningsAccumulatedLosses 2023-04-30 07598787 2023-05-01 2024-04-30 07598787 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07598787 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07598787 bus:Director40 2023-05-01 2024-04-30 07598787 core:PlantMachinery 2023-05-01 2024-04-30 07598787 core:Vehicles 2023-05-01 2024-04-30 07598787 countries:England 2023-05-01 2024-04-30 07598787 bus:FRS102 2023-05-01 2024-04-30 07598787 bus:FilletedAccounts 2023-05-01 2024-04-30 07598787 2024-04-30 07598787 core:WithinOneYear 2024-04-30 07598787 core:AfterOneYear 2024-04-30 07598787 core:ShareCapital 2024-04-30 07598787 core:RetainedEarningsAccumulatedLosses 2024-04-30 07598787 core:PlantMachinery 2024-04-30 07598787 core:Vehicles 2024-04-30 07598787 2023-04-30 07598787 core:PlantMachinery 2023-04-30 07598787 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure