Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09872820 Miss Nadya Jethwa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09872820 2023-03-31 09872820 2024-03-31 09872820 2023-04-01 2024-03-31 09872820 frs-core:CurrentFinancialInstruments 2024-03-31 09872820 frs-core:Non-currentFinancialInstruments 2024-03-31 09872820 frs-core:FurnitureFittings 2024-03-31 09872820 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09872820 frs-core:FurnitureFittings 2023-03-31 09872820 frs-core:NetGoodwill 2024-03-31 09872820 frs-core:NetGoodwill 2023-04-01 2024-03-31 09872820 frs-core:NetGoodwill 2023-03-31 09872820 frs-core:MotorVehicles 2024-03-31 09872820 frs-core:MotorVehicles 2023-04-01 2024-03-31 09872820 frs-core:MotorVehicles 2023-03-31 09872820 frs-core:ShareCapital 2024-03-31 09872820 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09872820 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09872820 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09872820 frs-bus:SmallEntities 2023-04-01 2024-03-31 09872820 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09872820 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09872820 frs-bus:Director1 2023-04-01 2024-03-31 09872820 frs-core:CurrentFinancialInstruments 2 2024-03-31 09872820 frs-core:CurrentFinancialInstruments 3 2024-03-31 09872820 frs-countries:EnglandWales 2023-04-01 2024-03-31 09872820 2022-03-31 09872820 2023-03-31 09872820 2022-04-01 2023-03-31 09872820 frs-core:CurrentFinancialInstruments 2023-03-31 09872820 frs-core:Non-currentFinancialInstruments 2023-03-31 09872820 frs-core:ShareCapital 2023-03-31 09872820 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09872820 frs-core:CurrentFinancialInstruments 2 2023-03-31 09872820 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 09872820
Vilraj Limited
Financial Statements
For The Year Ended 31 March 2024
Hames Partnership Limited
Chartered Institute of Management Accountants (CIMA)
Stables End Court
Main Street
Market Bosworth
Warwickshire
CV13 0JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09872820
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 128,440 171,254
Tangible Assets 5 35,288 31,127
163,728 202,381
CURRENT ASSETS
Stocks 6 16,944 21,020
Debtors 7 82,731 66,859
Cash at bank and in hand 118,620 70,687
218,295 158,566
Creditors: Amounts Falling Due Within One Year 8 (168,971 ) (128,567 )
NET CURRENT ASSETS (LIABILITIES) 49,324 29,999
TOTAL ASSETS LESS CURRENT LIABILITIES 213,052 232,380
Creditors: Amounts Falling Due After More Than One Year 9 (148,678 ) (167,089 )
NET ASSETS 64,374 65,291
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 64,274 65,191
SHAREHOLDERS' FUNDS 64,374 65,291
Page 1
Page 2
For the year ending 31 March 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 her 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
Miss Nadya Jethwa
Director
08/08/2024
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
Vilraj Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09872820 . The registered office is 14 The Square, Illford, Essex, IG1 4UY.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.5. 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.
2.6. 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 year 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 428,139
As at 31 March 2024 428,139
Amortisation
As at 1 April 2023 256,885
Provided during the period 42,814
As at 31 March 2024 299,699
Net Book Value
As at 31 March 2024 128,440
As at 1 April 2023 171,254
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 49,089 7,402 56,491
Additions 43,000 150 43,150
Disposals (48,490 ) - (48,490 )
As at 31 March 2024 43,599 7,552 51,151
Depreciation
As at 1 April 2023 21,477 3,887 25,364
Provided during the period 10,834 880 11,714
Disposals (21,215 ) - (21,215 )
As at 31 March 2024 11,096 4,767 15,863
Net Book Value
As at 31 March 2024 32,503 2,785 35,288
As at 1 April 2023 27,612 3,515 31,127
Page 4
Page 5
6. Stocks
2024 2023
£ £
Materials 16,944 21,020
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 58,296 47,519
Prepayments and accrued income 2,440 2,213
VAT 21,995 17,127
82,731 66,859
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 84,363 74,250
Bank loans and overdrafts 18,411 21,723
Corporation tax 15,714 5,593
Other taxes and social security 298 107
Net wages 6,846 4,047
Pension contributions - 29
Credit card 4,613 -
Other creditors (3) 20,000 -
Accruals and deferred income 1,285 1,415
Director's loan account 17,441 21,403
168,971 128,567
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 148,678 167,089
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5