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
V & U Enterprise Ltd
Company Information
for the year ended 31 May 2024
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
V & U Enterprise Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
-
13,210
Tangible assets
432,097
24,101
Cash at bank and in hand
49,890
17,434
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)
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
V & U Enterprise Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
13,211
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
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
At 31 May 2024
359,623
10,896
-
61,578
432,097
At 31 May 2023
-
12,578
11,523
-
24,101
Amounts falling due within one year
Accrued income and prepayments
-
149
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
190
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
12,591
Other creditors
230,922
19,623
Loans from directors
236,925
7,337
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).