Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 01613539 Ms Teresa Firlit Mr Michael Waldie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01613539 2022-09-30 01613539 2023-09-30 01613539 2022-10-01 2023-09-30 01613539 frs-core:CurrentFinancialInstruments 2023-09-30 01613539 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 01613539 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-30 01613539 frs-core:ShareCapital 2023-09-30 01613539 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 01613539 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 01613539 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 01613539 frs-bus:SmallEntities 2022-10-01 2023-09-30 01613539 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 01613539 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 01613539 frs-bus:Director1 2022-10-01 2023-09-30 01613539 frs-bus:Director2 2022-10-01 2023-09-30 01613539 1 2022-10-01 2023-09-30 01613539 frs-countries:EnglandWales 2022-10-01 2023-09-30 01613539 2021-09-30 01613539 2022-09-30 01613539 2021-10-01 2022-09-30 01613539 frs-core:CurrentFinancialInstruments 2022-09-30 01613539 frs-core:ShareCapital 2022-09-30 01613539 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 01613539 1 2021-10-01 2022-09-30
Registered number: 01613539
Video Engineering Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Abacus Accountancy
105 Courtyard Studios
Lakes Innovation Centre
Braintree
Essex
CM7 3AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01613539
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,000 13,000
13,000 13,000
CURRENT ASSETS
Debtors 5 115 -
Cash at bank and in hand 423 418
538 418
Creditors: Amounts Falling Due Within One Year 6 (154,839 ) (143,883 )
NET CURRENT ASSETS (LIABILITIES) (154,301 ) (143,465 )
TOTAL ASSETS LESS CURRENT LIABILITIES (141,301 ) (130,465 )
NET LIABILITIES (141,301 ) (130,465 )
CAPITAL AND RESERVES
Called up share capital 7 2,749 2,749
Profit and Loss Account (144,050 ) (133,214 )
SHAREHOLDERS' FUNDS (141,301) (130,465)
Page 1
Page 2
For the year ending 30 September 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
Ms Teresa Firlit
Director
25/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Video Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01613539 . The registered office is Willow Farm, Morris Green, Sible Hedingham, Halstead, Essex, CO9 3LT.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
1 1
1 1
4. Intangible Assets
Development Costs
£
Cost
As at 1 October 2022 13,000
As at 30 September 2023 13,000
Net Book Value
As at 30 September 2023 13,000
As at 1 October 2022 13,000
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 115 -
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 22,705 15,040
Other creditors 132,134 126,571
Taxation and social security - 2,272
154,839 143,883
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,749 2,749
Page 4