Acorah Software Products - Accounts Production 14.6.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 March 2024 31 March 2024 09761277 Mr Rajesh Sadhu Mrs Veena Sadhu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09761277 2023-01-31 09761277 2024-03-31 09761277 2023-02-01 2024-03-31 09761277 frs-core:CurrentFinancialInstruments 2024-03-31 09761277 frs-core:ComputerEquipment 2024-03-31 09761277 frs-core:ComputerEquipment 2023-02-01 2024-03-31 09761277 frs-core:ComputerEquipment 2023-01-31 09761277 frs-core:FurnitureFittings 2024-03-31 09761277 frs-core:FurnitureFittings 2023-02-01 2024-03-31 09761277 frs-core:FurnitureFittings 2023-01-31 09761277 frs-core:MotorVehicles 2024-03-31 09761277 frs-core:MotorVehicles 2023-02-01 2024-03-31 09761277 frs-core:MotorVehicles 2023-01-31 09761277 frs-core:ShareCapital 2024-03-31 09761277 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09761277 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 09761277 frs-bus:FilletedAccounts 2023-02-01 2024-03-31 09761277 frs-bus:SmallEntities 2023-02-01 2024-03-31 09761277 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-03-31 09761277 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-03-31 09761277 frs-bus:Director1 2023-02-01 2024-03-31 09761277 frs-bus:Director2 2023-02-01 2024-03-31 09761277 frs-countries:EnglandWales 2023-02-01 2024-03-31 09761277 2022-01-31 09761277 2023-01-31 09761277 2022-02-01 2023-01-31 09761277 frs-core:CurrentFinancialInstruments 2023-01-31 09761277 frs-core:ShareCapital 2023-01-31 09761277 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09761277
V R ENGINEERING SERVICES LIMITED
Unaudited Financial Statements
For the Period 1 February 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09761277
31 March 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,538 3,676
19,538 3,676
CURRENT ASSETS
Debtors 5 79,464 18,946
Cash at bank and in hand 212,646 246,917
292,110 265,863
Creditors: Amounts Falling Due Within One Year 6 (32,689 ) (32,594 )
NET CURRENT ASSETS (LIABILITIES) 259,421 233,269
TOTAL ASSETS LESS CURRENT LIABILITIES 278,959 236,945
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (4,884 ) (698 )
NET ASSETS 274,075 236,247
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 273,975 236,147
SHAREHOLDERS' FUNDS 274,075 236,247
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For the period ending 31 March 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 Rajesh Sadhu
Director
Mrs Veena Sadhu
Director
11th October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
V R ENGINEERING SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09761277 . The registered office is Ground Floor North Warehouse, Gloucester Docks, Gloucester, Gloucestershire, GL1 2EP.
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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was:
31 March 2024 31 January 2023
Office and administration 2 2
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 24,700 9,320 - 34,020
Additions - 20,837 2,039 22,876
As at 31 March 2024 24,700 30,157 2,039 56,896
Depreciation
As at 1 February 2023 24,700 5,644 - 30,344
Provided during the period - 6,674 340 7,014
As at 31 March 2024 24,700 12,318 340 37,358
Net Book Value
As at 31 March 2024 - 17,839 1,699 19,538
As at 1 February 2023 - 3,676 - 3,676
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5. Debtors
31 March 2024 31 January 2023
£ £
Due within one year
Trade debtors 14,936 18,011
Other debtors - 345
VAT 181 590
Directors' loan accounts 64,347 -
79,464 18,946
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 January 2023
£ £
Trade creditors 82 1,387
Bank loans and overdrafts 528 480
Corporation tax 28,579 30,727
Accruals and deferred income 3,500 -
32,689 32,594
7. Deferred Taxation
The provision for deferred tax is made up as follows:
31 March 2024 31 January 2023
£ £
Other timing differences 4,884 698
8. Share Capital
31 March 2024 31 January 2023
£ £
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 31 March 2024,  an amount of £64,347 was due from a directors . During the year £156,816 advances were made,  and repayments of £86,816 were made. The above loan is unsecured, interest free and repayable on demand.
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