Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07159222 Stuart Humphries iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07159222 2023-06-30 07159222 2024-06-30 07159222 2023-07-01 2024-06-30 07159222 frs-core:CurrentFinancialInstruments 2024-06-30 07159222 frs-core:Non-currentFinancialInstruments 2024-06-30 07159222 frs-core:BetweenOneFiveYears 2024-06-30 07159222 frs-core:FurnitureFittings 2024-06-30 07159222 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07159222 frs-core:FurnitureFittings 2023-06-30 07159222 frs-core:PlantMachinery 2024-06-30 07159222 frs-core:PlantMachinery 2023-07-01 2024-06-30 07159222 frs-core:PlantMachinery 2023-06-30 07159222 frs-core:WithinOneYear 2024-06-30 07159222 frs-core:OtherReservesSubtotal 2024-06-30 07159222 frs-core:ShareCapital 2024-06-30 07159222 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07159222 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07159222 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07159222 frs-bus:SmallEntities 2023-07-01 2024-06-30 07159222 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07159222 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07159222 frs-bus:Director1 2023-07-01 2024-06-30 07159222 frs-countries:EnglandWales 2023-07-01 2024-06-30 07159222 2022-06-30 07159222 2023-06-30 07159222 2022-07-01 2023-06-30 07159222 frs-core:CurrentFinancialInstruments 2023-06-30 07159222 frs-core:Non-currentFinancialInstruments 2023-06-30 07159222 frs-core:BetweenOneFiveYears 2023-06-30 07159222 frs-core:WithinOneYear 2023-06-30 07159222 frs-core:OtherReservesSubtotal 2023-06-30 07159222 frs-core:ShareCapital 2023-06-30 07159222 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07159222
Audio Visual Intelligence Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
MTM
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07159222
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,393 5,686
3,393 5,686
CURRENT ASSETS
Stocks 5 122,890 126,939
Debtors 6 590,322 503,973
Cash at bank and in hand 233,175 95,175
946,387 726,087
Creditors: Amounts Falling Due Within One Year 7 (830,913 ) (616,501 )
NET CURRENT ASSETS (LIABILITIES) 115,474 109,586
TOTAL ASSETS LESS CURRENT LIABILITIES 118,867 115,272
Creditors: Amounts Falling Due After More Than One Year 8 (15,670 ) (25,797 )
NET ASSETS 103,197 89,475
CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 65,608 65,608
Profit and Loss Account 37,489 23,767
SHAREHOLDERS' FUNDS 103,197 89,475
Page 1
Page 2
For the year ending 30 June 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 his 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
Stuart Humphries
Director
29/08/2024
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
Audio Visual Intelligence Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07159222 . The registered office is Pipers Cottage, Barletts Lane, Holyport, Maidenhead, SL6 2NB.
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. 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 25% Straight Line
Fixtures & Fittings 25% Straight Line
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of contracted employees, including directors, during the year was as follows: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 11,079 8,009 19,088
Additions 600 527 1,127
As at 30 June 2024 11,679 8,536 20,215
Depreciation
As at 1 July 2023 6,784 6,618 13,402
Provided during the period 1,897 1,523 3,420
As at 30 June 2024 8,681 8,141 16,822
Net Book Value
As at 30 June 2024 2,998 395 3,393
As at 1 July 2023 4,295 1,391 5,686
5. Stocks
2024 2023
£ £
Finished goods 122,890 126,939
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 584,877 480,092
Prepayments and accrued income 4,281 23,521
Other debtors 1,164 360
590,322 503,973
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 312,757 258,917
Bank loans and overdrafts 10,128 9,872
Corporation tax 39,692 15,091
Other taxes and social security 8,950 6,849
VAT 116,172 18,302
Other creditors 338,695 299,565
Accruals and deferred income 4,150 7,448
Director's loan account 369 457
830,913 616,501
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,670 25,797
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 19,346 -
Later than one year and not later than five years 103,180 -
122,526 -
11. Related Party Transactions
Personal guarantees totalling £100,000 have been given by the directors in respect of a loan facility provided to the company.
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