Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3112023-04-01falsefalsefalseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13904649 2023-04-01 2024-03-31 13904649 2022-04-01 2023-03-31 13904649 2024-03-31 13904649 2023-03-31 13904649 c:Director1 2023-04-01 2024-03-31 13904649 d:ComputerEquipment 2023-04-01 2024-03-31 13904649 d:ComputerEquipment 2024-03-31 13904649 d:ComputerEquipment 2023-03-31 13904649 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13904649 d:CurrentFinancialInstruments 2024-03-31 13904649 d:CurrentFinancialInstruments 2023-03-31 13904649 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13904649 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13904649 d:ShareCapital 2024-03-31 13904649 d:ShareCapital 2023-03-31 13904649 d:RetainedEarningsAccumulatedLosses 2024-03-31 13904649 d:RetainedEarningsAccumulatedLosses 2023-03-31 13904649 c:FRS102 2023-04-01 2024-03-31 13904649 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13904649 c:FullAccounts 2023-04-01 2024-03-31 13904649 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13904649 2 2023-04-01 2024-03-31 13904649 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13904649









VK TALENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
VK TALENT LIMITED
REGISTERED NUMBER: 13904649

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,988
1,424

  
2,988
1,424

Current assets
  

Debtors: amounts falling due within one year
 5 
63,112
14,436

Cash at bank and in hand
 6 
131,686
70,314

  
194,798
84,750

Creditors: amounts falling due within one year
 7 
(38,651)
(17,694)

Net current assets
  
 
 
156,147
 
 
67,056

Total assets less current liabilities
  
159,135
68,480

  

Net assets
  
159,135
68,480


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
159,035
68,380

  
159,135
68,480


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 year 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 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 13 June 2025.



Page 1

 
VK TALENT LIMITED
REGISTERED NUMBER: 13904649
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


V O E Kunda
Director

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

Page 2

 
VK TALENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

VK Talent Limited is a private company, limited by shares and registered in England & Wales. The registered office is 101 New Cavendish Street, London W1W 6XH and the registered number is 13904649.

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

Interest income

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

 
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.

Page 3

 
VK TALENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.


 
2.6

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:

Computer 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
VK TALENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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 1 (2023 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
1,899


Additions
2,560



At 31 March 2024

4,459



Depreciation


At 1 April 2023
475


Charge for the year on owned assets
996



At 31 March 2024

1,471



Net book value



At 31 March 2024
2,988



At 31 March 2023
1,424


5.


Debtors

2024
2023
£
£


Trade debtors
4,000
-

Other debtors
59,112
14,436
Page 5

 
VK TALENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.Debtors (continued)


63,112
14,436



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
131,686
70,314

131,686
70,314



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
34,832
16,894

Other taxation and social security
2,319
-

Accruals and deferred income
1,500
800

38,651
17,694


 
Page 6