Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false22022-10-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10943178 2022-10-01 2023-09-30 10943178 2021-10-01 2022-09-30 10943178 2023-09-30 10943178 2022-09-30 10943178 c:Director1 2022-10-01 2023-09-30 10943178 d:CurrentFinancialInstruments 2023-09-30 10943178 d:CurrentFinancialInstruments 2022-09-30 10943178 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10943178 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10943178 d:ShareCapital 2023-09-30 10943178 d:ShareCapital 2022-09-30 10943178 d:SharePremium 2023-09-30 10943178 d:SharePremium 2022-09-30 10943178 d:RetainedEarningsAccumulatedLosses 2023-09-30 10943178 d:RetainedEarningsAccumulatedLosses 2022-09-30 10943178 c:OrdinaryShareClass1 2022-10-01 2023-09-30 10943178 c:OrdinaryShareClass1 2023-09-30 10943178 c:FRS102 2022-10-01 2023-09-30 10943178 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10943178 c:FullAccounts 2022-10-01 2023-09-30 10943178 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10943178 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10943178














VIOLANTE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
VIOLANTE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
VIOLANTE LIMITED
REGISTERED NUMBER:10943178

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
38,483
37,289

Debtors: amounts falling due within one year
 5 
39,753
11,227

Cash at bank and in hand
  
46,485
35,033

  
124,721
83,549

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(79,722)
(35,253)

  

Net assets
  
44,999
48,296


Capital and reserves
  

Called up share capital 
 7 
1
1

Share premium account
  
39,820
39,820

Profit and loss account
  
5,178
8,475

  
44,999
48,296


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 comprehensive income 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 27 January 2025.




J Genovese
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
VIOLANTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Violante Limited is a private limited liability company registered in England and Wales. Its registered office address is at 2nd Floor, Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, United Kingdom, W1K 3NB.
The principal activity of the company is that of retail and sale of ladies fashion clothing and footwear.
The functional and reporting currency of the company is £ Sterling.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods supplied during the period exclusive of Value Added Tax.
Revenue is recognised on dispatch.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 
VIOLANTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan
The Company contributes to 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.

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.

 
2.7

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.


 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value. At each reporting 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 the transaction price, 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. 

 
2.11

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
VIOLANTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
11,908
40,238

Social security costs
(186)
2,966

Cost of defined contribution scheme
-
572

11,722
43,776


The average monthly number of employees, including directors, during the year was 2 (2022 - 3).


4.


Stocks

2023
2022
£
£

Finished goods and goods for resale
38,483
37,289



5.


Debtors

2023
2022
£
£


Trade debtors
38,647
7,769

Other debtors
568
3,458

Prepayments
538
-

39,753
11,227



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
2,793

Trade creditors
55,426
6,425

Taxation and social security
2,033
2,670

Other creditors
18,313
19,865

Accruals
3,950
3,500

79,722
35,253


Page 4

 
VIOLANTE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,266 Ordinary shares of £0.001 each
1
1


 
Page 5