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 12452906 Mr Ben Gill-Carey Mr Ryan Platts Mr David Locke Mr Stephen Locke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12452906 2023-06-30 12452906 2024-06-30 12452906 2023-07-01 2024-06-30 12452906 frs-core:CurrentFinancialInstruments 2024-06-30 12452906 frs-core:Non-currentFinancialInstruments 2024-06-30 12452906 frs-core:ComputerEquipment 2024-06-30 12452906 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12452906 frs-core:ComputerEquipment 2023-06-30 12452906 frs-core:FurnitureFittings 2024-06-30 12452906 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12452906 frs-core:FurnitureFittings 2023-06-30 12452906 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 12452906 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 12452906 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 12452906 frs-core:PlantMachinery 2024-06-30 12452906 frs-core:PlantMachinery 2023-07-01 2024-06-30 12452906 frs-core:PlantMachinery 2023-06-30 12452906 frs-core:ShareCapital 2024-06-30 12452906 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12452906 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12452906 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12452906 frs-bus:SmallEntities 2023-07-01 2024-06-30 12452906 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12452906 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12452906 frs-bus:Director1 2023-07-01 2024-06-30 12452906 frs-bus:Director2 2023-07-01 2024-06-30 12452906 frs-bus:Director3 2023-07-01 2024-06-30 12452906 frs-bus:Director4 2023-07-01 2024-06-30 12452906 frs-countries:EnglandWales 2023-07-01 2024-06-30 12452906 2022-06-30 12452906 2023-06-30 12452906 2022-07-01 2023-06-30 12452906 frs-core:CurrentFinancialInstruments 2023-06-30 12452906 frs-core:Non-currentFinancialInstruments 2023-06-30 12452906 frs-core:ShareCapital 2023-06-30 12452906 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12452906
Depo Venue Group Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12452906
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 268,168 234,450
268,168 234,450
CURRENT ASSETS
Stocks 5 25,000 25,000
Debtors 6 2,970 4,660
Cash at bank and in hand 5,444 2,131
33,414 31,791
Creditors: Amounts Falling Due Within One Year 7 (148,677 ) (135,722 )
NET CURRENT ASSETS (LIABILITIES) (115,263 ) (103,931 )
TOTAL ASSETS LESS CURRENT LIABILITIES 152,905 130,519
Creditors: Amounts Falling Due After More Than One Year 8 (54,420 ) (54,420 )
NET ASSETS 98,485 76,099
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 98,385 75,999
SHAREHOLDERS' FUNDS 98,485 76,099
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 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 Ryan Platts
Director
29 July 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
Depo Venue Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12452906 . The registered office is Studio 5/11, Millbay Road, Plymouth, Devon, PL1 3LF. The company was incorporated on 10 February 2020 and commenced trade on 19 July 2021.
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:
Leasehold 2% straight line
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 23)
23 23
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 104,351 104,508 47,303 - 256,162
Additions 8,602 13,067 23,818 7,746 53,233
As at 30 June 2024 112,953 117,575 71,121 7,746 309,395
Depreciation
As at 1 July 2023 - 15,676 6,036 - 21,712
Provided during the period - 13,325 6,190 - 19,515
As at 30 June 2024 - 29,001 12,226 - 41,227
Net Book Value
As at 30 June 2024 112,953 88,574 58,895 7,746 268,168
As at 1 July 2023 104,351 88,832 41,267 - 234,450
5. Stocks
2024 2023
£ £
Stock 25,000 25,000
6. Debtors
2024 2023
£ £
Due within one year
VAT - 920
Amounts owed by joint-ventures 2,970 3,740
2,970 4,660
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 61,940 30,714
Other loans 11,768 16,768
Other taxes and social security 1,548 2,445
VAT 4,337 -
Accruals and deferred income - 3,000
Directors' loan accounts 21,945 43,583
Amounts owed to joint ventures 47,139 39,212
148,677 135,722
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 54,420 54,420
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5