Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30302023-07-01falseNo description of principal activity31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04340689 2023-07-01 2024-06-30 04340689 2022-07-01 2023-06-30 04340689 2024-06-30 04340689 2023-06-30 04340689 c:Director1 2023-07-01 2024-06-30 04340689 d:PlantMachinery 2023-07-01 2024-06-30 04340689 d:PlantMachinery 2024-06-30 04340689 d:PlantMachinery 2023-06-30 04340689 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04340689 d:FurnitureFittings 2023-07-01 2024-06-30 04340689 d:FurnitureFittings 2024-06-30 04340689 d:FurnitureFittings 2023-06-30 04340689 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04340689 d:OfficeEquipment 2023-07-01 2024-06-30 04340689 d:OfficeEquipment 2024-06-30 04340689 d:OfficeEquipment 2023-06-30 04340689 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04340689 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04340689 d:CurrentFinancialInstruments 2024-06-30 04340689 d:CurrentFinancialInstruments 2023-06-30 04340689 d:Non-currentFinancialInstruments 2024-06-30 04340689 d:Non-currentFinancialInstruments 2023-06-30 04340689 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04340689 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04340689 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04340689 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04340689 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 04340689 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 04340689 d:ShareCapital 2024-06-30 04340689 d:ShareCapital 2023-06-30 04340689 d:SharePremium 2024-06-30 04340689 d:SharePremium 2023-06-30 04340689 d:RetainedEarningsAccumulatedLosses 2024-06-30 04340689 d:RetainedEarningsAccumulatedLosses 2023-06-30 04340689 c:FRS102 2023-07-01 2024-06-30 04340689 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04340689 c:FullAccounts 2023-07-01 2024-06-30 04340689 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04340689 2 2023-07-01 2024-06-30 04340689 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 04340689









VDEPOT LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
VDEPOT LIMITED
REGISTERED NUMBER: 04340689

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
108,753
49,402

Current assets
  

Debtors: amounts falling due within one year
 5 
301,486
203,651

Cash at bank and in hand
  
415,160
715,055

  
716,646
918,706

Creditors: amounts falling due within one year
 6 
(313,645)
(319,710)

Net current assets
  
 
 
403,001
 
 
598,996

Total assets less current liabilities
  
511,754
648,398

Creditors: amounts falling due after more than one year
 7 
(16,667)
(26,672)

Provisions for liabilities
  

Deferred tax
  
(20,730)
(12,351)

  
 
 
(20,730)
 
 
(12,351)

Net assets
  
474,357
609,375


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
49,998
49,998

Profit and loss account
  
424,355
559,373

  
474,357
609,375


Page 1

 
VDEPOT LIMITED
REGISTERED NUMBER: 04340689

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 profit and loss account 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 21 March 2025.




................................................
A E Blake
Director

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

Page 2

 
VDEPOT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Vdepot Limited is a private company, limited by shares, domiciled in England and Wales, registration number 04340689.  The registered office is Honingham Thorpe Estate, Norwich Road, Colton, Norwich, Norfolk, NR9 5BZ. 

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

 
2.5

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.

Page 3

 
VDEPOT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.


 
2.9

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

 
VDEPOT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% to 33.33% reducing balance
Office equipment
-
25% reducing balance

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially meastured at their transaction price including transaction costs.
 
Page 5

 
VDEPOT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)


Financial liabilities
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs.
Trade payables are obiligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers.  Trade payables are classified as current liabilities if the payment is due within one year.

 
2.15

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2023 - 30).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
118,278
122,935
64,014
305,227


Additions
-
75,111
9,772
84,883



At 30 June 2024

118,278
198,046
73,786
390,110



Depreciation


At 1 July 2023
110,537
93,284
52,004
255,825


Charge for the year on owned assets
1,935
18,990
4,607
25,532



At 30 June 2024

112,472
112,274
56,611
281,357



Net book value



At 30 June 2024
5,806
85,772
17,175
108,753



At 30 June 2023
7,741
29,651
12,010
49,402

Page 6

 
VDEPOT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
176,201
158,787

Amounts owed by group undertakings
7,594
6,974

Other debtors
77
-

Prepayments and accrued income
117,614
37,890

301,486
203,651



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
222,822
118,613

Corporation tax
-
32,852

Other taxation and social security
59,665
72,460

Other creditors
5,972
7,070

Accruals and deferred income
15,186
78,715

313,645
319,710



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,667
26,672


Page 7

 
VDEPOT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
16,667
26,672



26,667
36,672



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £5,881 (2023 - £20,289). Contributions totalling £2,709 (2023 - £3,921) were payable to the fund at the balance sheet date and are included in creditors.


10.


Controlling party

The ultimate controlling party is A E Blake.


Page 8