Acorah Software Products - Accounts Production 15.0.600 false true 29 January 2023 1 February 2022 false 30 January 2023 29 February 2024 29 February 2024 06930834 Mr Martin Fleet iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06930834 2023-01-29 06930834 2024-02-29 06930834 2023-01-30 2024-02-29 06930834 frs-core:CurrentFinancialInstruments 2024-02-29 06930834 frs-core:Non-currentFinancialInstruments 2024-02-29 06930834 frs-core:ComputerEquipment 2024-02-29 06930834 frs-core:ComputerEquipment 2023-01-30 2024-02-29 06930834 frs-core:ComputerEquipment 2023-01-29 06930834 frs-core:FurnitureFittings 2024-02-29 06930834 frs-core:FurnitureFittings 2023-01-30 2024-02-29 06930834 frs-core:FurnitureFittings 2023-01-29 06930834 frs-core:PlantMachinery 2024-02-29 06930834 frs-core:PlantMachinery 2023-01-30 2024-02-29 06930834 frs-core:PlantMachinery 2023-01-29 06930834 frs-core:ShareCapital 2024-02-29 06930834 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06930834 frs-bus:PrivateLimitedCompanyLtd 2023-01-30 2024-02-29 06930834 frs-bus:FilletedAccounts 2023-01-30 2024-02-29 06930834 frs-bus:SmallEntities 2023-01-30 2024-02-29 06930834 frs-bus:AuditExempt-NoAccountantsReport 2023-01-30 2024-02-29 06930834 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-30 2024-02-29 06930834 frs-bus:Director1 2023-01-30 2024-02-29 06930834 frs-countries:EnglandWales 2023-01-30 2024-02-29 06930834 2022-01-31 06930834 2023-01-29 06930834 2022-02-01 2023-01-29 06930834 frs-core:CurrentFinancialInstruments 2023-01-29 06930834 frs-core:Non-currentFinancialInstruments 2023-01-29 06930834 frs-core:ShareCapital 2023-01-29 06930834 frs-core:RetainedEarningsAccumulatedLosses 2023-01-29
Registered number: 06930834
Vibox Ltd
Unaudited Financial Statements
For the Period 30 January 2023 to 29 February 2024
Trust Accountancy Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06930834
29 February 2024 29 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,567 2,981
43,567 2,981
CURRENT ASSETS
Stocks 5 878,514 408,288
Debtors 6 382,799 317,675
Cash at bank and in hand 167,751 367,334
1,429,064 1,093,297
Creditors: Amounts Falling Due Within One Year 7 (1,058,440 ) (1,140,773 )
NET CURRENT ASSETS (LIABILITIES) 370,624 (47,476 )
TOTAL ASSETS LESS CURRENT LIABILITIES 414,191 (44,495 )
Creditors: Amounts Falling Due After More Than One Year 8 - (92,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,806 ) (566 )
NET ASSETS/(LIABILITIES) 406,385 (137,061 )
CAPITAL AND RESERVES
Called up share capital 9 105 105
Profit and Loss Account 406,280 (137,166 )
SHAREHOLDERS' FUNDS 406,385 (137,061)
Page 1
Page 2
For the period ending 29 February 2024 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 his 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 Martin Fleet
Director
21/08/2024
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
Vibox Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06930834 . The registered office is Safestore , Reddish Road, Stockport, SK5 7BW.
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.
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 20%
Fixtures & Fittings 33%
Computer Equipment 25%
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 25 (2023: 20)
25 20
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 30 January 2023 - 118,723 - 118,723
Additions 6,423 12,551 27,405 46,379
As at 29 February 2024 6,423 131,274 27,405 165,102
Depreciation
As at 30 January 2023 - 115,742 - 115,742
Provided during the period 1,291 3,994 508 5,793
As at 29 February 2024 1,291 119,736 508 121,535
Net Book Value
As at 29 February 2024 5,132 11,538 26,897 43,567
As at 30 January 2023 - 2,981 - 2,981
5. Stocks
29 February 2024 29 January 2023
£ £
Stock 878,514 408,288
6. Debtors
29 February 2024 29 January 2023
£ £
Due within one year
Trade debtors 25,580 67,812
Prepayments and accrued income 96,357 11,869
Other debtors 260,862 237,994
382,799 317,675
7. Creditors: Amounts Falling Due Within One Year
29 February 2024 29 January 2023
£ £
Trade creditors 836,202 935,435
Bank loans and overdrafts 27,265 37,930
Other loans 45,138 -
Corporation tax 27,765 -
Other taxes and social security 18,469 19,256
Other creditors 48,456 98,530
Accruals and deferred income 55,145 49,622
1,058,440 1,140,773
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
29 February 2024 29 January 2023
£ £
Other creditors - 92,000
Prior year relates to CVA which was concluded on 6th November 2023.
9. Share Capital
29 February 2024 29 January 2023
£ £
Allotted, Called up and fully paid 105 105
Page 5