Acorah Software Products - Accounts Production 15.0.600 false true false 18 November 2022 30 November 2023 30 November 2023 14492625 Mr Joel Benton Mr Leonardo Zullo true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14492625 2022-11-17 14492625 2023-11-30 14492625 2022-11-18 2023-11-30 14492625 frs-core:CurrentFinancialInstruments 2023-11-30 14492625 frs-core:ComputerEquipment 2023-11-30 14492625 frs-core:ComputerEquipment 2022-11-18 2023-11-30 14492625 frs-core:ComputerEquipment 2022-11-17 14492625 frs-core:ShareCapital 2023-11-30 14492625 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14492625 frs-bus:PrivateLimitedCompanyLtd 2022-11-18 2023-11-30 14492625 frs-bus:FilletedAccounts 2022-11-18 2023-11-30 14492625 frs-bus:SmallEntities 2022-11-18 2023-11-30 14492625 frs-bus:AuditExempt-NoAccountantsReport 2022-11-18 2023-11-30 14492625 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-18 2023-11-30 14492625 1 2022-11-18 2023-11-30 14492625 frs-bus:Director1 2022-11-18 2023-11-30 14492625 frs-bus:Director2 2022-11-18 2023-11-30 14492625 frs-countries:EnglandWales 2022-11-18 2023-11-30
Registered number: 14492625
Dig Vr Limited
Unaudited Financial Statements
For the Period 18 November 2022 to 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14492625
30 November 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 620
620
CURRENT ASSETS
Debtors 5 242,118
Cash at bank and in hand 366
242,484
Creditors: Amounts Falling Due Within One Year 6 (270,968 )
NET CURRENT ASSETS (LIABILITIES) (28,484 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,864 )
NET LIABILITIES (27,864 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (27,865 )
SHAREHOLDERS' FUNDS (27,864)
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For the period ending 30 November 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 Leonardo Zullo
Director
13th August 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
Dig Vr Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14492625 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.
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:
Computer Equipment 33%
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Computer Equipment
£
Cost
As at 18 November 2022 -
Additions 620
As at 30 November 2023 620
...CONTINUED
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Net Book Value
As at 30 November 2023 620
As at 18 November 2022 -
5. Debtors
30 November 2023
£
Due within one year
Trade debtors 240,000
Other debtors 2,118
242,118
6. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors 252,234
Amounts owed to participating interests 2,000
Other creditors 16,734
270,968
7. Share Capital
30 November 2023
£
Called Up Share Capital not Paid 1
Amount of Allotted, Called Up Share Capital 1
8. Related Party Transactions
During the period, and included in Sales is income totalling £1,115,790 invoiced to related parties with a controlling interest in the company.
Also, included in Cost of Sales is £1,115,000 paid to related parties with a controlling interest in the company for development services. 
As at the balance sheet date, and included in trade receivables is £240,000 owed from these related parties, and included in trade payables is £240,000 owed to these related parties.
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9. Ultimate Controlling Party
The company's has no ultimate controlling party. The share capital is owned 50:50 by Just Add Water (Development) Limited and Wired Productions Limited.
10. Going Concern Disclosure
As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future.
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