Acorah Software Products - Accounts Production 15.0.600 false true false 11 May 2022 31 May 2023 31 May 2023 14101537 Mr O J Barkley Mr E T Jackson Mr C Barkley Mr R Stirling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14101537 2022-05-10 14101537 2023-05-31 14101537 2022-05-11 2023-05-31 14101537 frs-core:CurrentFinancialInstruments 2023-05-31 14101537 frs-core:Non-currentFinancialInstruments 2023-05-31 14101537 frs-core:ComputerEquipment 2023-05-31 14101537 frs-core:ComputerEquipment 2022-05-11 2023-05-31 14101537 frs-core:ComputerEquipment 2022-05-10 14101537 frs-core:ShareCapital 2023-05-31 14101537 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 14101537 frs-bus:PrivateLimitedCompanyLtd 2022-05-11 2023-05-31 14101537 frs-bus:FilletedAccounts 2022-05-11 2023-05-31 14101537 frs-bus:SmallEntities 2022-05-11 2023-05-31 14101537 frs-bus:AuditExempt-NoAccountantsReport 2022-05-11 2023-05-31 14101537 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-11 2023-05-31 14101537 frs-bus:Director1 2022-05-11 2023-05-31 14101537 frs-bus:Director2 2022-05-11 2023-05-31 14101537 frs-bus:Director3 2022-05-11 2023-05-31 14101537 frs-bus:Director4 2022-05-11 2023-05-31 14101537 frs-countries:EnglandWales 2022-05-11 2023-05-31
Vapoura Limited
Unaudited Financial Statements
For the Period 11 May 2022 to 31 May 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14101537
31 May 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,470
1,470
CURRENT ASSETS
Stocks 5 180,908
Debtors 6 212,140
Cash at bank and in hand 4,799
397,847
Creditors: Amounts Falling Due Within One Year 7 (61,346 )
NET CURRENT ASSETS (LIABILITIES) 336,501
TOTAL ASSETS LESS CURRENT LIABILITIES 337,971
Creditors: Amounts Falling Due After More Than One Year 8 (636,605 )
NET LIABILITIES (298,634 )
CAPITAL AND RESERVES
Called up share capital 9 4
Profit and Loss Account (298,638 )
SHAREHOLDERS' FUNDS (298,634)
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For the period ending 31 May 2023 the company was entitled to exemption from audit 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 directors acknowledge 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 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 O J Barkley
Director
10 August 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
Vapoura Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14101537 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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. 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:
Computer Equipment 20% on cost
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. 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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2.5. Going Concern
In preparing and approving these financial statements, the directors have given due consideration to going concern risks. 
Whilst recognising that there can be no certainty, the directors are satisfied that the going concern basis of preparation remains appropriate.
At the balance sheet date the company's liabilities exceeded its assets. The company has received assurances from the directors and fellow investors that they will continue to give financial support to the company and not demand repayment of the outstanding investor loan balance totalling £636,605 to the extent that the company would be unable to continue as a going concern for at least twelve months from the date of signing of these accounts.
Investor loan funding of £636,605 is presented as payable more than one year however the directors are satisfied that, in accordance with the original business plan presented to the investors, balances will not become payable until the company has sufficient available cashflow. 
On this basis the directors consider it appropriate to prepare the accounts on the going concern basis.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
4. Tangible Assets
Computer Equipment
£
Cost
As at 11 May 2022 -
Additions 1,837
As at 31 May 2023 1,837
Depreciation
As at 11 May 2022 -
Provided during the period 367
As at 31 May 2023 367
Net Book Value
As at 31 May 2023 1,470
As at 11 May 2022 -
5. Stocks
31 May 2023
£
Stock 180,908
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6. Debtors
31 May 2023
£
Due within one year
Prepayments and accrued income 162,147
VAT 49,993
212,140
7. Creditors: Amounts Falling Due Within One Year
31 May 2023
£
Trade creditors 46,738
Other taxes and social security 6,520
Other creditors 1,182
Accruals and deferred income 6,906
61,346
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2023
£
Other loans 636,605
9. Share Capital
31 May 2023
£
Allotted, Called up and fully paid 4
10. Related Party Transactions
A company in which a director had a major interest charged consultancy fees during the year amounting to £125,000, charged at normal commercial rates.
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