Acorah Software Products - Accounts Production 15.0.600 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08724524 Mr John Mason Mr Matt Hart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08724524 2022-10-31 08724524 2023-10-31 08724524 2022-11-01 2023-10-31 08724524 frs-core:CurrentFinancialInstruments 2023-10-31 08724524 frs-core:Non-currentFinancialInstruments 2023-10-31 08724524 frs-core:ComputerEquipment 2023-10-31 08724524 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08724524 frs-core:ComputerEquipment 2022-10-31 08724524 frs-core:FurnitureFittings 2023-10-31 08724524 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08724524 frs-core:FurnitureFittings 2022-10-31 08724524 frs-core:SharePremium 2023-10-31 08724524 frs-core:ShareCapital 2023-10-31 08724524 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08724524 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08724524 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08724524 frs-bus:SmallEntities 2022-11-01 2023-10-31 08724524 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08724524 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08724524 frs-bus:Director1 2022-11-01 2023-10-31 08724524 frs-bus:Director1 2022-10-31 08724524 frs-bus:Director1 2023-10-31 08724524 frs-bus:Director2 2022-11-01 2023-10-31 08724524 frs-countries:EnglandWales 2022-11-01 2023-10-31 08724524 2021-10-31 08724524 2022-10-31 08724524 2021-11-01 2022-10-31 08724524 frs-core:CurrentFinancialInstruments 2022-10-31 08724524 frs-core:Non-currentFinancialInstruments 2022-10-31 08724524 frs-core:SharePremium 2022-10-31 08724524 frs-core:ShareCapital 2022-10-31 08724524 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08724524
Vidleos Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08724524
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 609 1,313
609 1,313
CURRENT ASSETS
Debtors 5 3,906 11,146
Cash at bank and in hand 5,537 15,287
9,443 26,433
Creditors: Amounts Falling Due Within One Year 6 (13,405 ) (38,872 )
NET CURRENT ASSETS (LIABILITIES) (3,962 ) (12,439 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,353 ) (11,126 )
Creditors: Amounts Falling Due After More Than One Year 7 (36,907 ) (42,999 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (115 ) (249 )
NET LIABILITIES (40,375 ) (54,374 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 49,995 49,995
Profit and Loss Account (90,470 ) (104,469 )
SHAREHOLDERS' FUNDS (40,375) (54,374)
Page 1
Page 2
For the year ending 31 October 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
Mr John Mason
Director
20/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Vidleos Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08724524 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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. 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.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
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:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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.
2.6. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 548 22,344 22,892
As at 31 October 2023 548 22,344 22,892
Depreciation
As at 1 November 2022 431 21,148 21,579
Provided during the period 58 646 704
As at 31 October 2023 489 21,794 22,283
Net Book Value
As at 31 October 2023 59 550 609
As at 1 November 2022 117 1,196 1,313
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,764 2,940
Other debtors 2,142 95
Directors' loan accounts - 6,064
3,906 9,099
Due after more than one year
Other debtors - 2,047
3,906 11,146
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 5,976 5,712
Corporation tax - 2,047
Other taxes and social security - 6,870
VAT 3,015 11,395
Other creditors 1,849 12,848
Directors' loan accounts 2,565 -
13,405 38,872
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 36,907 42,999
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr John Mason 6,064 78 8,707 - (2,565 )
The above loan was unsecured, interest free and repayable on demand.
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