Acorah Software Products - Accounts Production 14.5.501 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 06477486 Ms Viji Ramasamyvenkatachalam Ms V Ramasamyvenkatachalam true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06477486 2023-01-31 06477486 2024-01-31 06477486 2023-02-01 2024-01-31 06477486 frs-core:CurrentFinancialInstruments 2024-01-31 06477486 frs-core:ComputerEquipment 2024-01-31 06477486 frs-core:ComputerEquipment 2023-02-01 2024-01-31 06477486 frs-core:ComputerEquipment 2023-01-31 06477486 frs-core:ShareCapital 2024-01-31 06477486 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06477486 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06477486 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06477486 frs-bus:SmallEntities 2023-02-01 2024-01-31 06477486 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06477486 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06477486 1 2023-02-01 2024-01-31 06477486 frs-bus:Director1 2023-02-01 2024-01-31 06477486 frs-countries:EnglandWales 2023-02-01 2024-01-31 06477486 2022-01-31 06477486 2023-01-31 06477486 2022-02-01 2023-01-31 06477486 frs-core:CurrentFinancialInstruments 2023-01-31 06477486 frs-core:ShareCapital 2023-01-31 06477486 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 06477486
V-Tec Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
H F Singh & Co Limited
Chartered Accountants and Chartered Tax Advisers
3 St Denis Close
Huntercombe Lane North
Maidenhead
SL6 0FH
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06477486
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 100 167
100 167
CURRENT ASSETS
Cash at bank and in hand 23,163 31,518
23,163 31,518
Creditors: Amounts Falling Due Within One Year 5 (688 ) (876 )
NET CURRENT ASSETS (LIABILITIES) 22,475 30,642
TOTAL ASSETS LESS CURRENT LIABILITIES 22,575 30,809
PROVISIONS FOR LIABILITIES
Deferred Taxation (25 ) (32 )
NET ASSETS 22,550 30,777
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 22,548 30,775
SHAREHOLDERS' FUNDS 22,550 30,777
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Viji Ramasamyvenkatachalam
Director
17th March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
V-Tec Limited Registered number 06477486 is a limited by shares company incorporated in England & Wales. The Registered Office is 85 Aspects Court, Slough, Berkshire, SL1 2EZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33.3% per annum straight line
2.3. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 7,753
As at 31 January 2024 7,753
Depreciation
As at 1 February 2023 7,586
Provided during the period 67
As at 31 January 2024 7,653
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2024 100
As at 1 February 2023 167
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 115 115
Director's loan account 573 761
688 876
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Ms Viji Ramasamyvenkatachalam 2,500 4,400
8. Ultimate Controlling Party
The company's ultimate controlling party is Ms V Ramasamyvenkatachalam by virtue of her ownership of 100% of the issued share capital in the company.
Page 4