Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07022810 Mr Mark Read Dr Luke Gamble Mr Abraham Sharp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07022810 2022-12-31 07022810 2023-12-31 07022810 2023-01-01 2023-12-31 07022810 frs-core:CurrentFinancialInstruments 2023-12-31 07022810 frs-core:Non-currentFinancialInstruments 2023-12-31 07022810 frs-core:ComputerEquipment 2023-12-31 07022810 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07022810 frs-core:ComputerEquipment 2022-12-31 07022810 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07022810 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 07022810 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 07022810 frs-core:SharePremium 2023-12-31 07022810 frs-core:ShareCapital 2023-12-31 07022810 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07022810 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07022810 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07022810 frs-bus:SmallEntities 2023-01-01 2023-12-31 07022810 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07022810 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07022810 frs-bus:Director1 2023-01-01 2023-12-31 07022810 frs-bus:Director2 2023-01-01 2023-12-31 07022810 frs-bus:Director3 2023-01-01 2023-12-31 07022810 frs-countries:EnglandWales 2023-01-01 2023-12-31 07022810 2021-12-31 07022810 2022-12-31 07022810 2022-01-01 2022-12-31 07022810 frs-core:CurrentFinancialInstruments 2022-12-31 07022810 frs-core:Non-currentFinancialInstruments 2022-12-31 07022810 frs-core:SharePremium 2022-12-31 07022810 frs-core:ShareCapital 2022-12-31 07022810 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07022810
Vidtu Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Artema Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07022810
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 14,150 23,965
Tangible Assets 5 916 1,527
15,066 25,492
CURRENT ASSETS
Debtors 6 325 177
Cash at bank and in hand 7,523 9,951
7,848 10,128
Creditors: Amounts Falling Due Within One Year 7 (35,453 ) (37,576 )
NET CURRENT ASSETS (LIABILITIES) (27,605 ) (27,448 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,539 ) (1,956 )
Creditors: Amounts Falling Due After More Than One Year 8 (15,333 ) (23,333 )
NET LIABILITIES (27,872 ) (25,289 )
CAPITAL AND RESERVES
Called up share capital 9 202,680 2,985
Share premium account - 137,275
Profit and Loss Account (230,552 ) (165,549 )
SHAREHOLDERS' FUNDS (27,872) (25,289)
Page 1
Page 2
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
Dr Luke Gamble
Director
07/06/2024
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
Vidtu Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07022810 . The registered office is Polmenna Farmhouse, Tregony, Truro, TR2 5SR.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to 5 years on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Computer Equipment 33.3% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 49,078
As at 31 December 2023 49,078
Amortisation
As at 1 January 2023 25,113
Provided during the period 9,815
As at 31 December 2023 34,928
Net Book Value
As at 31 December 2023 14,150
As at 1 January 2023 23,965
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 1,833
As at 31 December 2023 1,833
Depreciation
As at 1 January 2023 306
Provided during the period 611
As at 31 December 2023 917
Net Book Value
As at 31 December 2023 916
As at 1 January 2023 1,527
6. Debtors
2023 2022
£ £
Due within one year
VAT 165 17
Amounts owed by other participating interests 160 160
325 177
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 8,000 8,000
Accruals and deferred income 650 650
Directors' loan accounts 19,333 21,456
Amounts owed to other participating interests 7,470 7,470
35,453 37,576
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,333 23,333
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 202,680 2,985
Page 4