Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 15 December 2021 false 1 January 2023 31 December 2023 31 December 2023 13803233 Mr Dimitrios Kyriakatis Mr Efthymios Vafeiadis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13803233 2022-12-31 13803233 2023-12-31 13803233 2023-01-01 2023-12-31 13803233 frs-core:ShareCapital 2023-12-31 13803233 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13803233 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13803233 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13803233 frs-bus:SmallEntities 2023-01-01 2023-12-31 13803233 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13803233 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13803233 frs-bus:Director1 2023-01-01 2023-12-31 13803233 frs-bus:Director2 2023-01-01 2023-12-31 13803233 frs-countries:EnglandWales 2023-01-01 2023-12-31 13803233 2021-12-14 13803233 2022-12-31 13803233 2021-12-15 2022-12-31 13803233 frs-core:ShareCapital 2022-12-31 13803233 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13803233
Vaquancy Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Mouktaris & Co Ltd
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 13803233
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 259 936
259 936
Creditors: Amounts Falling Due Within One Year 4 (1,517 ) (1,205 )
NET CURRENT ASSETS (LIABILITIES) (1,258 ) (269 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,258 ) (269 )
NET LIABILITIES (1,258 ) (269 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Income Statement (1,358 ) (369 )
SHAREHOLDERS' FUNDS (1,258) (269)
For the year ending 31 December 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 Income Statement.
On behalf of the board
Mr Efthymios Vafeiadis
Director
19 August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Vaquancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13803233 . The registered office is 156A Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.
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. The financial statements are prepared in sterling, which is the presentational currency of the entity.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis on the grounds that the company's shareholders will continue to support the company over the following twelve months at least.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Taxation
The company incurred losses and there is no corporation tax.
2.5. Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.
inancial assets, 
2.6. Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.
2.7. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Other creditors 1,517 1,205
Page 2
Page 3
5. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3