Acorah Software Products - Accounts Production 14.6.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09268775 Mr James Ripley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09268775 2023-03-31 09268775 2024-03-31 09268775 2023-04-01 2024-03-31 09268775 frs-core:CurrentFinancialInstruments 2024-03-31 09268775 frs-core:Non-currentFinancialInstruments 2024-03-31 09268775 frs-core:ComputerEquipment 2024-03-31 09268775 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09268775 frs-core:ComputerEquipment 2023-03-31 09268775 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 09268775 frs-core:MotorVehicles 2024-03-31 09268775 frs-core:MotorVehicles 2023-04-01 2024-03-31 09268775 frs-core:MotorVehicles 2023-03-31 09268775 frs-core:OtherResidualIntangibleAssets 2024-03-31 09268775 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 09268775 frs-core:OtherResidualIntangibleAssets 2023-03-31 09268775 frs-core:PlantMachinery 2024-03-31 09268775 frs-core:PlantMachinery 2023-04-01 2024-03-31 09268775 frs-core:PlantMachinery 2023-03-31 09268775 frs-core:ShareCapital 2024-03-31 09268775 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09268775 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09268775 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09268775 frs-bus:SmallEntities 2023-04-01 2024-03-31 09268775 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09268775 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09268775 frs-bus:Director1 2023-04-01 2024-03-31 09268775 frs-countries:EnglandWales 2023-04-01 2024-03-31 09268775 2022-03-31 09268775 2023-03-31 09268775 2022-04-01 2023-03-31 09268775 frs-core:CurrentFinancialInstruments 2023-03-31 09268775 frs-core:Non-currentFinancialInstruments 2023-03-31 09268775 frs-core:ShareCapital 2023-03-31 09268775 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09268775
Venn Accounts Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09268775
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,241 1,391
Tangible Assets 5 43,247 53,430
44,488 54,821
CURRENT ASSETS
Debtors 6 17,718 41,305
Cash at bank and in hand 57,940 30,228
75,658 71,533
Creditors: Amounts Falling Due Within One Year 7 (79,349 ) (77,121 )
NET CURRENT ASSETS (LIABILITIES) (3,691 ) (5,588 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,797 49,233
Creditors: Amounts Falling Due After More Than One Year 8 (17,500 ) (27,500 )
NET ASSETS 23,297 21,733
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 23,197 21,633
SHAREHOLDERS' FUNDS 23,297 21,733
Page 1
Page 2
For the year ending 31 March 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 his 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
Mr James Ripley
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Venn Accounts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09268775 . The registered office is 86 - 90 Paul Street, London, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.  Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised on a straight line basis over 10 years. Other intangible assets relate to the purchase of website domain names.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery Straight line over 3 years
Motor Vehicles Reducing balance of 20% per annum
Computer Equipment Straight line over 3 years
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 1,648
As at 31 March 2024 1,648
Amortisation
As at 1 April 2023 257
Provided during the period 150
As at 31 March 2024 407
Net Book Value
As at 31 March 2024 1,241
As at 1 April 2023 1,391
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 604 63,015 5,725 69,344
Additions - - 1,997 1,997
Disposals - - (733 ) (733 )
As at 31 March 2024 604 63,015 6,989 70,608
Depreciation
As at 1 April 2023 70 12,603 3,241 15,914
Provided during the period 121 10,082 1,244 11,447
As at 31 March 2024 191 22,685 4,485 27,361
Net Book Value
As at 31 March 2024 413 40,330 2,504 43,247
As at 1 April 2023 534 50,412 2,484 53,430
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,461 36,482
Prepayments and accrued income 9,257 4,823
17,718 41,305
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 867 368
Bank loans and overdrafts 10,000 10,000
Corporation tax 1,243 2,996
Other taxes and social security 24,312 5,897
VAT 18,584 8,907
Net wages 605 -
Accruals and deferred income 23,114 18,368
Director's loan account 624 30,585
79,349 77,121
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,500 27,500
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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