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Company Registration No. 07643843 (England and Wales)
V & U Enterprise Ltd Unaudited accounts for the year ended 31 May 2024
V & U Enterprise Ltd Unaudited accounts Contents
Page
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V & U Enterprise Ltd Company Information for the year ended 31 May 2024
Director
Usha Gorania
Company Number
07643843 (England and Wales)
Registered Office
Family Shopper 78-80 Elm Drive RISCA Gwent NP11 6HJ Wales
Accountants
Numera Accountancy Ltd Certified Public Accountants 39 Clive Street CARDIFF CF11 7HJ
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V & U Enterprise Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
13,210 
Tangible assets
432,097 
24,101 
432,097 
37,311 
Current assets
Inventories
63,098 
57,890 
Debtors
5,000 
3,682 
Cash at bank and in hand
49,890 
17,434 
117,988 
79,006 
Creditors: amounts falling due within one year
(16,549)
(7,891)
Net current assets
101,439 
71,115 
Total assets less current liabilities
533,536 
108,426 
Creditors: amounts falling due after more than one year
(501,643)
(78,657)
Net assets
31,893 
29,769 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
31,793 
29,669 
Shareholders' funds
31,893 
29,769 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2025 and were signed on its behalf by
Usha Gorania Director Company Registration No. 07643843
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V & U Enterprise Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
V & U Enterprise Ltd is a private company, limited by shares, registered in England and Wales, registration number 07643843. The registered office is Family Shopper, 78-80 Elm Drive, RISCA, Gwent, NP11 6HJ, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
79,999 
Additions
1 
At 31 May 2024
80,000 
Amortisation
At 1 June 2023
66,789 
Charge for the year
13,211 
At 31 May 2024
80,000 
Net book value
At 31 May 2024
- 
At 31 May 2023
13,210 
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V & U Enterprise Ltd Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
- 
54,173 
27,315 
- 
81,488 
Additions
359,623 
1,950 
- 
82,104 
443,677 
Disposals
- 
- 
(27,315)
- 
(27,315)
At 31 May 2024
359,623 
56,123 
- 
82,104 
497,850 
Depreciation
At 1 June 2023
- 
41,595 
15,792 
- 
57,387 
Charge for the year
- 
3,632 
- 
20,526 
24,158 
On disposals
- 
- 
(15,792)
- 
(15,792)
At 31 May 2024
- 
45,227 
- 
20,526 
65,753 
Net book value
At 31 May 2024
359,623 
10,896 
- 
61,578 
432,097 
At 31 May 2023
- 
12,578 
11,523 
- 
24,101 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,000 
- 
Accrued income and prepayments
- 
149 
Other debtors
- 
1,633 
5,000 
1,782 
Amounts falling due after more than one year
Other debtors
- 
1,900 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,944 
3,805 
Taxes and social security
- 
190 
Other creditors
2,974 
175 
Accruals
3,631 
3,721 
16,549 
7,891 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,796 
39,106 
Obligations under finance leases and hire purchase contracts
- 
12,591 
Other creditors
230,922 
19,623 
Loans from directors
236,925 
7,337 
501,643 
78,657 
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V & U Enterprise Ltd Notes to the Accounts for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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