Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 12 September 2024 1 January 2023 31 December 2023 31 December 2023 06503433 Mr Nathan Fowler Mr Karl Suckling Mr Brett Fowler Mr Rory Dible Mr James Cooper Mr Jake Melvin Thistledown Education Trust true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06503433 2022-12-31 06503433 2023-12-31 06503433 2023-01-01 2023-12-31 06503433 frs-core:CurrentFinancialInstruments 2023-12-31 06503433 frs-core:Non-currentFinancialInstruments 2023-12-31 06503433 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06503433 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 06503433 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06503433 frs-core:LandBuildings 2023-12-31 06503433 frs-core:LandBuildings 2023-01-01 2023-12-31 06503433 frs-core:LandBuildings 2022-12-31 06503433 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06503433 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06503433 frs-core:MotorVehicles 2023-01-01 2023-12-31 06503433 frs-core:OtherResidualIntangibleAssets 2023-12-31 06503433 frs-core:OtherResidualIntangibleAssets 2022-12-31 06503433 frs-core:PlantMachinery 2023-12-31 06503433 frs-core:PlantMachinery 2023-01-01 2023-12-31 06503433 frs-core:PlantMachinery 2022-12-31 06503433 frs-core:ShareCapital 2023-12-31 06503433 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06503433 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06503433 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06503433 frs-bus:SmallEntities 2023-01-01 2023-12-31 06503433 frs-bus:Audited 2023-01-01 2023-12-31 06503433 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06503433 1 2023-01-01 2023-12-31 06503433 frs-bus:Director1 2023-01-01 2023-12-31 06503433 frs-bus:Director2 2023-01-01 2023-12-31 06503433 frs-bus:Director3 2023-01-01 2023-12-31 06503433 frs-bus:Director4 2023-01-01 2023-12-31 06503433 frs-bus:Director5 2023-01-01 2023-12-31 06503433 frs-bus:Director6 2023-01-01 2023-12-31 06503433 frs-countries:EnglandWales 2023-01-01 2023-12-31 06503433 2021-12-31 06503433 2022-12-31 06503433 2022-01-01 2022-12-31 06503433 frs-core:CurrentFinancialInstruments 2022-12-31 06503433 frs-core:Non-currentFinancialInstruments 2022-12-31 06503433 frs-core:ShareCapital 2022-12-31 06503433 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06503433
Vista 4 Limited
Financial Statements
For The Year Ended 31 December 2023
mca Banbury Ltd
4 - 6 The Wharf Centre
Wharf Street
Warwick
Warwickshire
CV34 5LB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06503433
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 297,091 818,294
297,091 818,294
CURRENT ASSETS
Stocks 6 271,029 291,942
Debtors 7 80,186 48,007
Cash at bank and in hand 186,989 81,111
538,204 421,060
Creditors: Amounts Falling Due Within One Year 8 (350,358 ) (732,605 )
NET CURRENT ASSETS (LIABILITIES) 187,846 (311,545 )
TOTAL ASSETS LESS CURRENT LIABILITIES 484,937 506,749
Creditors: Amounts Falling Due After More Than One Year 9 (33,664 ) (45,165 )
NET ASSETS 451,273 461,584
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 451,271 461,582
SHAREHOLDERS' FUNDS 451,273 461,584
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 Nathan Fowler
Director
21/08/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Vista 4 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06503433 . The registered office is Foxcotte Barn, Foxcotte Lane, Charlton, Andover, Hampshire, SP10 4AB.
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.
Vista 4 limited is a member of a public benefit group.
These financial statements are prepared in Sterling, which is the functional currency of the company. All the monetary
amounts are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of
the revision and future periods where the revision affects both current and future periods.
2.4. 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.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.6. 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:
Freehold 2% Straight Line
Leasehold 10% Straight Line
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 33% Straight Line
Page 2
Page 3
2.7. 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.
2.8. Financial Instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities
like trade and other accounts receivable and payable.
Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables or
receivables; are measured, initially and subsequently, at the undiscounted amount of cash or other consideration,
expected to be paid or received.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 6)
7 6
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 11,313
As at 31 December 2023 11,313
Amortisation
As at 1 January 2023 11,313
As at 31 December 2023 11,313
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2023 437,143 774,482 1,211,625
Additions - 54,355 54,355
Disposals (405,093 ) (155,452 ) (560,545 )
As at 31 December 2023 32,050 673,385 705,435
Depreciation
As at 1 January 2023 35,282 358,049 393,331
Provided during the period 7,014 144,201 151,215
Disposals (31,936 ) (104,266 ) (136,202 )
As at 31 December 2023 10,360 397,984 408,344
Net Book Value
As at 31 December 2023 21,690 275,401 297,091
As at 1 January 2023 401,861 416,433 818,294
Page 3
Page 4
6. Stocks
2023 2022
£ £
Stock 271,029 291,942
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 70,697 21,068
Other debtors 9,489 26,939
80,186 48,007
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 11,143 18,106
Trade creditors 125,827 149,397
Other loans 142,058 567,093
Other creditors 41,008 12,477
Taxation and social security 30,322 (14,468 )
350,358 732,605
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 33,664 45,165
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
11. Related Party Transactions
The company has taken advantage of the exemption available under FRS 102 section 33 'Related Party Disclosures' not to
disclose details of its transactions with related parties. The exemption is available as the transactions are with other members of the group.
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Ultimate Controlling Party
The company's ultimate controlling party is Thistledown Education Trust a charity registered in England with charity number 1046192, and address: 38 Wraxhill Road, Yeovil, BA20 2JX.
14. Audit Information
The auditors report on the account of Vista 4 Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Martin Cox (Senior Statutory Auditor) for and on behalf of mca Banbury Ltd , Statutory Auditor
Page 4