VISU VERUM CONSTRUCTION LIMITED

VISU VERUM CONSTRUCTION LIMITED - Company Information

2022-01-012022-12-312022-12-31false11803417VISU VERUM CONSTRUCTION LIMITED2023-09-0641100iso4217:GBPxbrli:pure118034172022-01-01118034172022-12-31118034172022-01-012022-12-31118034172021-01-01118034172021-12-31118034172021-01-012021-12-3111803417bus:SmallEntities2022-01-012022-12-3111803417bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3111803417bus:FullAccounts2022-01-012022-12-3111803417bus:PrivateLimitedCompanyLtd2022-01-012022-12-3111803417core:WithinOneYear2022-12-3111803417core:AfterOneYear2022-12-3111803417core:WithinOneYear2021-12-3111803417core:AfterOneYear2021-12-3111803417core:ShareCapital2022-12-3111803417core:SharePremium2022-12-3111803417core:RevaluationReserve2022-12-3111803417core:OtherReservesSubtotal2022-12-3111803417core:RetainedEarningsAccumulatedLosses2022-12-3111803417core:ShareCapital2021-12-3111803417core:SharePremium2021-12-3111803417core:RevaluationReserve2021-12-3111803417core:OtherReservesSubtotal2021-12-3111803417core:RetainedEarningsAccumulatedLosses2021-12-3111803417core:LandBuildings2022-12-3111803417core:PlantMachinery2022-12-3111803417core:Vehicles2022-12-3111803417core:FurnitureFittings2022-12-3111803417core:OfficeEquipment2022-12-3111803417core:NetGoodwill2022-12-3111803417core:IntangibleAssetsOtherThanGoodwill2022-12-3111803417core:ListedExchangeTraded2022-12-3111803417core:UnlistedNon-exchangeTraded2022-12-3111803417core:LandBuildings2021-12-3111803417core:PlantMachinery2021-12-3111803417core:Vehicles2021-12-3111803417core:FurnitureFittings2021-12-3111803417core:OfficeEquipment2021-12-3111803417core:NetGoodwill2021-12-3111803417core:IntangibleAssetsOtherThanGoodwill2021-12-3111803417core:ListedExchangeTraded2021-12-3111803417core:UnlistedNon-exchangeTraded2021-12-3111803417core:LandBuildings2022-01-012022-12-3111803417core:PlantMachinery2022-01-012022-12-3111803417core:Vehicles2022-01-012022-12-3111803417core:FurnitureFittings2022-01-012022-12-3111803417core:OfficeEquipment2022-01-012022-12-3111803417core:NetGoodwill2022-01-012022-12-3111803417core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111803417core:ListedExchangeTraded2022-01-012022-12-3111803417core:UnlistedNon-exchangeTraded2022-01-012022-12-3111803417core:MoreThanFiveYears2022-01-012022-12-3111803417core:Non-currentFinancialInstruments2022-12-3111803417core:Non-currentFinancialInstruments2021-12-3111803417dpl:CostSales2022-01-012022-12-3111803417dpl:DistributionCosts2022-01-012022-12-3111803417dpl:AdministrativeExpenses2022-01-012022-12-3111803417core:LandBuildings2022-01-012022-12-3111803417core:PlantMachinery2022-01-012022-12-3111803417core:Vehicles2022-01-012022-12-3111803417core:FurnitureFittings2022-01-012022-12-3111803417core:OfficeEquipment2022-01-012022-12-3111803417core:NetGoodwill2022-01-012022-12-3111803417core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111803417dpl:GroupUndertakings2022-01-012022-12-3111803417dpl:ParticipatingInterests2022-01-012022-12-3111803417dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111803417core:ListedExchangeTraded2022-01-012022-12-3111803417dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111803417core:UnlistedNon-exchangeTraded2022-01-012022-12-3111803417dpl:CostSales2021-01-012021-12-3111803417dpl:DistributionCosts2021-01-012021-12-3111803417dpl:AdministrativeExpenses2021-01-012021-12-3111803417core:LandBuildings2021-01-012021-12-3111803417core:PlantMachinery2021-01-012021-12-3111803417core:Vehicles2021-01-012021-12-3111803417core:FurnitureFittings2021-01-012021-12-3111803417core:OfficeEquipment2021-01-012021-12-3111803417core:NetGoodwill2021-01-012021-12-3111803417core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3111803417dpl:GroupUndertakings2021-01-012021-12-3111803417dpl:ParticipatingInterests2021-01-012021-12-3111803417dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3111803417core:ListedExchangeTraded2021-01-012021-12-3111803417dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3111803417core:UnlistedNon-exchangeTraded2021-01-012021-12-3111803417core:NetGoodwill2022-12-3111803417core:IntangibleAssetsOtherThanGoodwill2022-12-3111803417core:LandBuildings2022-12-3111803417core:PlantMachinery2022-12-3111803417core:Vehicles2022-12-3111803417core:FurnitureFittings2022-12-3111803417core:OfficeEquipment2022-12-3111803417core:AfterOneYear2022-12-3111803417core:WithinOneYear2022-12-3111803417core:ListedExchangeTraded2022-12-3111803417core:UnlistedNon-exchangeTraded2022-12-3111803417core:ShareCapital2022-12-3111803417core:SharePremium2022-12-3111803417core:RevaluationReserve2022-12-3111803417core:OtherReservesSubtotal2022-12-3111803417core:RetainedEarningsAccumulatedLosses2022-12-3111803417core:NetGoodwill2021-12-3111803417core:IntangibleAssetsOtherThanGoodwill2021-12-3111803417core:LandBuildings2021-12-3111803417core:PlantMachinery2021-12-3111803417core:Vehicles2021-12-3111803417core:FurnitureFittings2021-12-3111803417core:OfficeEquipment2021-12-3111803417core:AfterOneYear2021-12-3111803417core:WithinOneYear2021-12-3111803417core:Liste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Registered Number
11803417
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

VISU VERUM CONSTRUCTION LIMITED

Company Information
for the year from 1 January 2022 to 31 December 2022


Director	ALLOS, Mayad Joseph


Registered Address	Kings Court,
	559a Kings Road
	Fulham
	SW6 2EB


Registered Number	11803417 (England and Wales)

VISU VERUM CONSTRUCTION LIMITED

Statement of Financial Position
31 December 2022

	Notes	2022		2021
		£	£	£	£
Called up share capital not paid			1		1
Current assets
Stocks	7	1,260		-
Debtors	8	17,863		1,061
Cash at bank and on hand		22,991		12,838
		42,114		13,899
Creditors amounts falling due within one year	9	(85,981)		(24,061)
Net current assets (liabilities)			(43,866)		(10,161)
Total assets less current liabilities			(43,866)		(10,161)
Creditors amounts falling due after one year	10		(46,351)		(46,857)
Net assets			(90,217)		(57,018)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(90,218)		(57,019)
Shareholders' funds			(90,217)		(57,018)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 6 September 2023, and are signed on its behalf by:

ALLOS, Mayad Joseph
Director
Registered Company No. 11803417

VISU VERUM CONSTRUCTION LIMITED

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Valuation of financial instruments policy
	The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

Valuation of financial instruments policy

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

5.	Employee information


		2022		2021
	Average number of employees during the year	1		2

6.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 22	412	412
Disposals	(412)	(412)
Depreciation and impairment
At 01 January 22	412	412
On disposals	(412)	(412)
Net book value
At 31 December 22	-	-
At 31 December 21	-	-

7.	Stocks

	2022	2021
	£	£
Work in progress	1,260	-
Total	1,260	-

8.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	3,867	1,061
Other debtors	6,039	-
Prepayments and accrued income	7,957	-
Total	17,863	1,061


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	17,126	2,823
Bank borrowings and overdrafts	1,092	-
Taxation and social security	16,713	19,103
Other creditors	49,551	1,885
Accrued liabilities and deferred income	1,499	250
Total	85,981	24,061


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	46,351	46,857
Total	46,351	46,857