Caseware UK (AP4) 2018.0.111 2018.0.111 2018-12-312018-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2017-07-20 10875949 2017-07-19 10875949 2017-07-20 2018-12-31 10875949 2018-12-31 10875949 c:Director1 2017-07-20 2018-12-31 10875949 d:OfficeEquipment 2017-07-20 2018-12-31 10875949 d:OfficeEquipment 2018-12-31 10875949 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-07-20 2018-12-31 10875949 d:ComputerEquipment 2017-07-20 2018-12-31 10875949 d:CurrentFinancialInstruments 2018-12-31 10875949 d:Non-currentFinancialInstruments 2018-12-31 10875949 d:CurrentFinancialInstruments d:WithinOneYear 2018-12-31 10875949 d:Non-currentFinancialInstruments d:AfterOneYear 2018-12-31 10875949 d:ShareCapital 2018-12-31 10875949 d:RetainedEarningsAccumulatedLosses 2018-12-31 10875949 c:FRS102 2017-07-20 2018-12-31 10875949 c:AuditExempt-NoAccountantsReport 2017-07-20 2018-12-31 10875949 c:FullAccounts 2017-07-20 2018-12-31 10875949 c:PrivateLimitedCompanyLtd 2017-07-20 2018-12-31 iso4217:GBP xbrli:pure

Registered number: 10875949









VIATEM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2018
 
VIATEM LIMITED
REGISTERED NUMBER: 10875949

BALANCE SHEET
AS AT 31 DECEMBER 2018

2018
Note
£

Fixed assets
  

Tangible assets
 4 
774

  
774

Current assets
  

Debtors: amounts falling due within one year
 5 
3,204

Cash at bank and in hand
 6 
69,280

  
72,484

Creditors: amounts falling due within one year
 7 
(10,724)

Net current liabilities
  
 
 
61,760

Total assets less current liabilities
  
62,534

Creditors: amounts falling due after more than one year
  
(155,000)

  

Net liabilities
  
(92,466)

Page 1
 
VIATEM LIMITED
REGISTERED NUMBER: 10875949
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2018

2018
£

Capital and reserves
  

Called up share capital 
  
500

Profit and loss account
  
(92,966)

  
(92,466)


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 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 18 March 2019.




George Edward Rainger
Director

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

Page 2
 
VIATEM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018

1.Accounting policies

 
1.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
1.3

Grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
1.4

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
1.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the period in which they are incurred.

Page 3
 
VIATEM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018

1.Accounting policies (continued)

 
1.6

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 the Statement of comprehensive income 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.

 
1.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%
straight line

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 the Statement of comprehensive income.

 
1.8

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.

 
1.9

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.

 
1.10

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
 
VIATEM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018

1.Accounting policies (continued)

 
1.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.


2.


General information

 The company is a members, limited by shares, company with its registered office at 7 The Courtyard, Buntsford Drive, Bromsgrove, B60 3DJ. 


3.


Employees

The average monthly number of employees, including directors, during the period was 3.


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,032



At 31 December 2018

1,032



Depreciation


Charge for the period on owned assets
258



At 31 December 2018

258



Net book value



At 31 December 2018
774

Page 5
 
VIATEM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018

5.


Debtors

2018
£


Other debtors
3,204

3,204



6.


Cash and cash equivalents

2018
£

Cash at bank and in hand
69,280

69,280



7.


Creditors: Amounts falling due within one year

2018
£

Trade creditors
3,193

Other creditors
202

Accruals and deferred income
7,329

10,724



8.


Creditors: Amounts falling due after more than one year

2018
£

Loans
155,000

155,000


 
Page 6