Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 13075651 Mr George Pennell Mrs Clare Pennell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13075651 2022-12-31 13075651 2023-12-31 13075651 2023-01-01 2023-12-31 13075651 frs-core:CurrentFinancialInstruments 2023-12-31 13075651 frs-core:ComputerEquipment 2023-12-31 13075651 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13075651 frs-core:ComputerEquipment 2022-12-31 13075651 frs-core:MotorVehicles 2023-12-31 13075651 frs-core:MotorVehicles 2023-01-01 2023-12-31 13075651 frs-core:MotorVehicles 2022-12-31 13075651 frs-core:PlantMachinery 2023-12-31 13075651 frs-core:PlantMachinery 2023-01-01 2023-12-31 13075651 frs-core:PlantMachinery 2022-12-31 13075651 frs-core:ShareCapital 2023-12-31 13075651 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13075651 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13075651 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13075651 frs-bus:SmallEntities 2023-01-01 2023-12-31 13075651 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13075651 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13075651 frs-bus:Director1 2023-01-01 2023-12-31 13075651 frs-bus:Director2 2023-01-01 2023-12-31 13075651 frs-countries:EnglandWales 2023-01-01 2023-12-31 13075651 2021-12-31 13075651 2022-12-31 13075651 2022-01-01 2022-12-31 13075651 frs-core:CurrentFinancialInstruments 2022-12-31 13075651 frs-core:ShareCapital 2022-12-31 13075651 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13075651
Vivo Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
H.J. Hedges-Quinn & Co Ltd
ACCA
The Old Astra Cinema
The Street
Great Bricett
Suffolk
IP7 7DN
Balance Sheet
Registered number: 13075651
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,039 3,362
2,039 3,362
CURRENT ASSETS
Stocks 5 12,000 16,923
Debtors 6 101,294 156,340
Cash at bank and in hand - 2,001
113,294 175,264
Creditors: Amounts Falling Due Within One Year 7 (109,818 ) (132,037 )
NET CURRENT ASSETS (LIABILITIES) 3,476 43,227
TOTAL ASSETS LESS CURRENT LIABILITIES 5,515 46,589
NET ASSETS 5,515 46,589
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 5,415 46,489
SHAREHOLDERS' FUNDS 5,515 46,589
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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 Profit and Loss Account.
On behalf of the board
Mr George Pennell
Director
Mrs Clare Pennell
Director
14/08/2024
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Vivo Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13075651 . The registered office is Masterlord Estates Epsilon Terrace, West Road, Ipswich, Suffolk, IP3 9FJ.
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. 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.
2.3. 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 25% Straight Line
Motor Vehicles 25% Straight Line
Computer Equipment 33% Straight Line
2.4. 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.
2.5. 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 64 (2022: 41)
64 41
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 2,852 1,000 1,590 5,442
Additions 209 - - 209
As at 31 December 2023 3,061 1,000 1,590 5,651
Depreciation
As at 1 January 2023 817 500 763 2,080
Provided during the period 752 250 530 1,532
As at 31 December 2023 1,569 750 1,293 3,612
Net Book Value
As at 31 December 2023 1,492 250 297 2,039
As at 1 January 2023 2,035 500 827 3,362
5. Stocks
2023 2022
£ £
Materials 12,000 16,923
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 91,177 68,979
Amounts owed by participating interests - 49,090
Other debtors 10,117 38,271
101,294 156,340
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,771 (2 )
Bank loans and overdrafts 16,716 -
Other creditors 15,591 29,390
Taxation and social security 71,740 102,649
109,818 132,037
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr George Pennell 12,483 14,104
Mrs Clare Pennell 17,403 21,877
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