Acorah Software Products - Accounts Production 14.5.601 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12559613 Mr Ashley Staines Mr Kedar Ravindra Kasarekar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12559613 2022-12-31 12559613 2023-12-31 12559613 2023-01-01 2023-12-31 12559613 frs-core:CurrentFinancialInstruments 2023-12-31 12559613 frs-core:Non-currentFinancialInstruments 2023-12-31 12559613 frs-core:ComputerEquipment 2023-12-31 12559613 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12559613 frs-core:ComputerEquipment 2022-12-31 12559613 frs-core:PlantMachinery 2023-12-31 12559613 frs-core:PlantMachinery 2023-01-01 2023-12-31 12559613 frs-core:PlantMachinery 2022-12-31 12559613 frs-core:SharePremium 2023-12-31 12559613 frs-core:ShareCapital 2023-12-31 12559613 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12559613 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12559613 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12559613 frs-bus:SmallEntities 2023-01-01 2023-12-31 12559613 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12559613 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12559613 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 12559613 frs-bus:OrdinaryShareClass1 2023-12-31 12559613 frs-bus:Director1 2023-01-01 2023-12-31 12559613 frs-bus:Director2 2023-01-01 2023-12-31 12559613 frs-core:Non-currentFinancialInstruments 9 2023-12-31 12559613 frs-countries:EnglandWales 2023-01-01 2023-12-31 12559613 2021-12-31 12559613 2022-12-31 12559613 2022-01-01 2022-12-31 12559613 frs-core:CurrentFinancialInstruments 2022-12-31 12559613 frs-core:Non-currentFinancialInstruments 2022-12-31 12559613 frs-core:SharePremium 2022-12-31 12559613 frs-core:ShareCapital 2022-12-31 12559613 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 12559613 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 12559613 frs-core:Non-currentFinancialInstruments 9 2022-12-31
Registered number: 12559613
Volunteero Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Daly Accounting
The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12559613
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,500 8,396
6,500 8,396
CURRENT ASSETS
Debtors 5 65,387 8,443
Cash at bank and in hand 82,481 265,467
147,868 273,910
Creditors: Amounts Falling Due Within One Year 6 (179,890 ) (115,520 )
NET CURRENT ASSETS (LIABILITIES) (32,022 ) 158,390
TOTAL ASSETS LESS CURRENT LIABILITIES (25,522 ) 166,786
Creditors: Amounts Falling Due After More Than One Year 7 (199,980 ) (199,980 )
NET LIABILITIES (225,502 ) (33,194 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Share premium account 296,966 296,966
Profit and Loss Account (522,469 ) (330,161 )
SHAREHOLDERS' FUNDS (225,502) (33,194)
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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 Ashley Staines
Director
6th 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
Volunteero Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12559613 . The registered office is Apartment 24, 5 Gaumont Place, London, England, SW2 4GB.
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. Going Concern Disclosure
The financial statements have been prepared on the going concern basis which assumes the company will have sufficient cash to meet its obligations, as and when they become payable, for a period of at least 12 months from the date the financial statements were approved.
During the financial period the company incurred a loss of £192,308.
The Directors having considered the company’s financial position and current trading believe that the company will have adequate resources to continue in operational existence for the foreseeable future. 
2.3. 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 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. 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 4 Years
Computer Equipment 3 Years
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
The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable and when the realisation of tax repayment claim is probable.
Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 4)
6 4
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 4,402 13,031 17,433
Additions - 2,948 2,948
As at 31 December 2023 4,402 15,979 20,381
Depreciation
As at 1 January 2023 2,544 6,493 9,037
Provided during the period 1,100 3,744 4,844
As at 31 December 2023 3,644 10,237 13,881
Net Book Value
As at 31 December 2023 758 5,742 6,500
As at 1 January 2023 1,858 6,538 8,396
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 60,136 1,766
Prepayments and accrued income 5,251 6,677
65,387 8,443
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,488 20,955
Other taxes and social security 19,388 9,618
VAT 20,585 5,236
Other creditors - 2,700
Accruals and deferred income 132,816 73,203
Directors' loan accounts 3,613 3,808
179,890 115,520
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Advance Subscriptions 199,980 199,980
Advance Subscriptions
The Company entered into an Advance Subscription Agreements (ASA) in the previous year.
Under the terms of the ASAs, the Company is obligated to issue shares upon the occurrence of certain conditions, as specified in the agreements. As at the balance sheet date, the conditions for the issuance and allotment of shares under the ASAs have not been met during the year. Therefore, the £199,980 is recognised as a liability on the balance sheet date.
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8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1,117,843 Ordinary Shares of £ 0.000001 each 1 1
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