Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-04-14falseNo description of principal activityfalse 14802790 2023-04-13 14802790 2023-04-14 2024-04-30 14802790 2022-04-14 2023-04-13 14802790 2024-04-30 14802790 c:Director1 2023-04-14 2024-04-30 14802790 d:FurnitureFittings 2023-04-14 2024-04-30 14802790 d:FurnitureFittings 2024-04-30 14802790 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-14 2024-04-30 14802790 d:ComputerEquipment 2023-04-14 2024-04-30 14802790 d:ComputerEquipment 2024-04-30 14802790 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-14 2024-04-30 14802790 d:OwnedOrFreeholdAssets 2023-04-14 2024-04-30 14802790 d:CurrentFinancialInstruments 2024-04-30 14802790 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14802790 d:ShareCapital 2024-04-30 14802790 d:RetainedEarningsAccumulatedLosses 2024-04-30 14802790 c:FRS102 2023-04-14 2024-04-30 14802790 c:AuditExempt-NoAccountantsReport 2023-04-14 2024-04-30 14802790 c:FullAccounts 2023-04-14 2024-04-30 14802790 c:PrivateLimitedCompanyLtd 2023-04-14 2024-04-30 14802790 e:PoundSterling 2023-04-14 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 14802790









VVW LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
VVW LTD
REGISTERED NUMBER: 14802790

BALANCE SHEET
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
5,291

  
5,291

Current assets
  

Debtors: amounts falling due within one year
 5 
899

Cash at bank and in hand
 6 
492

  
1,391

Creditors: amounts falling due within one year
 7 
(14,105)

Net current (liabilities)/assets
  
 
 
(12,714)

Total assets less current liabilities
  
(7,423)

  

Net (liabilities)/assets
  
(7,423)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(7,424)

  
(7,423)


Page 1

 
VVW LTD
REGISTERED NUMBER: 14802790
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The Director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his 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 by: 




................................................
J Wright
Director

Date: 11 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VVW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

VVW Ltd is a private limited company by shares. The company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 14802790. 

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

Going concern

Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

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.

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:

Fixtures and fittings
-
25%
on a reducing balance basis
Computer equipment
-
25%
on a reducing balance basis

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.

Page 3

 
VVW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its 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. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is
Page 4

 
VVW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations 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. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


Additions
3,340
2,520
5,860



At 30 April 2024

3,340
2,520
5,860



Depreciation


Charge for the period on owned assets
371
198
569



At 30 April 2024

371
198
569



Net book value



At 30 April 2024
2,969
2,322
5,291

Page 5

 
VVW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.


Debtors

2024
£


Other debtors
899

899



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
492

492



7.


Creditors: Amounts falling due within one year

2024
£

Other creditors
12,605

Accruals and deferred income
1,500

14,105


 
Page 6