Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 06742905 Mrs Victoria Sprinz Arch Accountancy Ltd Arch Accountancy Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06742905 2022-10-31 06742905 2023-10-31 06742905 2022-11-01 2023-10-31 06742905 frs-core:CurrentFinancialInstruments 2023-10-31 06742905 frs-core:Non-currentFinancialInstruments 2023-10-31 06742905 frs-core:ComputerEquipment 2023-10-31 06742905 frs-core:ComputerEquipment 2022-11-01 2023-10-31 06742905 frs-core:ComputerEquipment 2022-10-31 06742905 frs-core:NetGoodwill 2023-10-31 06742905 frs-core:NetGoodwill 2022-11-01 2023-10-31 06742905 frs-core:NetGoodwill 2022-10-31 06742905 frs-core:PlantMachinery 2023-10-31 06742905 frs-core:PlantMachinery 2022-11-01 2023-10-31 06742905 frs-core:PlantMachinery 2022-10-31 06742905 frs-core:ShareCapital 2023-10-31 06742905 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 06742905 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06742905 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 06742905 frs-bus:SmallEntities 2022-11-01 2023-10-31 06742905 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06742905 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 06742905 frs-bus:Director1 2022-11-01 2023-10-31 06742905 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 06742905 frs-bus:CompanySecretary2 2022-11-01 2023-10-31 06742905 frs-core:CurrentFinancialInstruments 1 2023-10-31 06742905 frs-core:Non-currentFinancialInstruments 1 2023-10-31 06742905 frs-core:Non-currentFinancialInstruments 2 2023-10-31 06742905 frs-countries:EnglandWales 2022-11-01 2023-10-31 06742905 2021-10-31 06742905 2022-10-31 06742905 2021-11-01 2022-10-31 06742905 frs-core:CurrentFinancialInstruments 2022-10-31 06742905 frs-core:Non-currentFinancialInstruments 2022-10-31 06742905 frs-core:ShareCapital 2022-10-31 06742905 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 06742905 frs-core:CurrentFinancialInstruments 1 2022-10-31 06742905 frs-core:Non-currentFinancialInstruments 1 2022-10-31 06742905 frs-core:Non-currentFinancialInstruments 2 2022-10-31
Registered number: 06742905
Victoria Sprinz Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Wilkinson Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06742905
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,126 6,195
4,126 6,195
CURRENT ASSETS
Debtors 6 116,335 74,309
Cash at bank and in hand 1,229 1,329
117,564 75,638
Creditors: Amounts Falling Due Within One Year 7 (31,951 ) (41,237 )
NET CURRENT ASSETS (LIABILITIES) 85,613 34,401
TOTAL ASSETS LESS CURRENT LIABILITIES 89,739 40,596
Creditors: Amounts Falling Due After More Than One Year 8 (23,500 ) -
NET ASSETS 66,239 40,596
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 66,139 40,496
SHAREHOLDERS' FUNDS 66,239 40,596
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Page 2
For the year ending 31 October 2023 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
Mrs Victoria Sprinz
Director
26/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Victoria Sprinz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06742905 . The registered office is Stuart House-East Wing, St. Johns Street, Peterborough, PE1 5DD.
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 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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 Associate Fees
Computer Equipment Associate Fees
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts Payable are classified as current liabilities if the company does not have an unconditional right at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 97,266
As at 31 October 2023 97,266
Amortisation
As at 1 November 2022 97,266
As at 31 October 2023 97,266
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 8,354 6,666 15,020
Disposals (1,500 ) - (1,500 )
As at 31 October 2023 6,854 6,666 13,520
Depreciation
As at 1 November 2022 2,897 5,928 8,825
Provided during the period 713 133 846
Disposals (277 ) - (277 )
As at 31 October 2023 3,333 6,061 9,394
...CONTINUED
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Page 5
Net Book Value
As at 31 October 2023 3,521 605 4,126
As at 1 November 2022 5,457 738 6,195
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 15,682 11,395
Other debtors S455 Tax 12,556 -
Director's loan account 88,097 62,914
116,335 74,309
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 255
VVV Investments loan 3,881 5,500
Corporation tax 24,255 26,097
PAYE Creditor - 107
Net wages - 2,080
WAS Creditor 3,815 7,198
31,951 41,237
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
CG Sprinz - Loan 20,000 -
Bushfield Surgery - Loan 3,500 -
23,500 -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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