Acorah Software Products - Accounts Production 14.6.300 false true false false true 11 January 2023 31 January 2024 31 January 2024 14586449 Mr Christopher Gammage 31 January 2024 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14586449 2024-01-31 14586449 2023-01-11 2024-01-31 14586449 frs-core:CurrentFinancialInstruments 2024-01-31 14586449 frs-core:Non-currentFinancialInstruments 2024-01-31 14586449 frs-core:ShareCapital 2024-01-31 14586449 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14586449 frs-bus:ConsolidatedGroupCompanyAccounts 2023-01-11 2024-01-31 14586449 frs-bus:Director1 2023-01-11 2024-01-31 14586449 frs-bus:Consolidated 2023-01-10 14586449 frs-bus:Consolidated 2024-01-31 14586449 frs-bus:Consolidated 2023-01-11 2024-01-31 14586449 frs-core:CurrentFinancialInstruments frs-bus:Consolidated 2024-01-31 14586449 frs-core:Non-currentFinancialInstruments frs-bus:Consolidated 2024-01-31 14586449 frs-core:ShareCapital frs-bus:Consolidated 2024-01-31 14586449 frs-core:RetainedEarningsAccumulatedLosses frs-bus:Consolidated 2024-01-31 14586449 frs-bus:PrivateLimitedCompanyLtd frs-bus:Consolidated 2023-01-11 2024-01-31 14586449 frs-bus:FilletedAccounts frs-bus:Consolidated 2023-01-11 2024-01-31 14586449 frs-bus:SmallEntities frs-bus:Consolidated 2023-01-11 2024-01-31 14586449 frs-bus:AuditExempt-NoAccountantsReport frs-bus:Consolidated 2023-01-11 2024-01-31 14586449 frs-bus:SmallCompaniesRegimeForAccounts frs-bus:Consolidated 2023-01-11 2024-01-31 14586449 frs-bus:Director1 frs-bus:Consolidated 2023-01-11 2024-01-31 14586449 frs-bus:Director1 frs-bus:Consolidated 2024-01-31 14586449 frs-countries:EnglandWales frs-bus:Consolidated 2023-01-11 2024-01-31
Registered number: 14586449
Vaeteer Group Ltd
Unaudited Financial Statements
For the Period 11 January 2023 to 31 January 2024
Peartree Accounts Limited
Contents
Page
Director's Report 1
Consolidated Profit and Loss Account 2
Consolidated Balance Sheet 3
Company Balance Sheet 4
Notes to the Financial Statements 5—6
Page 1
Director's Report
The director presents his report and the financial statements for the period ended 31 January 2024.
Directors
The director who held office during the period were as follows:
Mr Christopher Gammage Appointed 11/01/2023
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Christopher Gammage
Director
11/10/2024
Page 1
Page 2
Consolidated Profit and Loss Account
31 January 2024
Notes £
Cost of sales (15,065 )
GROSS LOSS (15,065 )
Distribution costs (50 )
Administrative expenses (6,065 )
OPERATING LOSS AND LOSS FOR THE FINANCIAL PERIOD ATTRIBUTABLE TO THE OWNERS OF THE PARENT (21,180 )
The notes on pages 5 to 6 form part of these financial statements.
Page 2
Page 3
Consolidated Balance Sheet
Registered number: 14586449
31 January 2024
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 24
24
Creditors: Amounts Falling Due Within One Year 4 (3,351 )
NET CURRENT ASSETS (LIABILITIES) (3,327 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,327 )
Creditors: Amounts Falling Due After More Than One Year 5 (17,851 )
NET LIABILITIES (21,178 )
CAPITAL AND RESERVES
Called up share capital 6 2
Profit and Loss Account (21,180 )
SHAREHOLDERS' FUNDS (21,178)
For the period ending 31 January 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.
On behalf of the board
Mr Christopher Gammage
Director
11/10/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Company Balance Sheet
Registered number: 14586449
31 January 2024
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 24
24
Creditors: Amounts Falling Due Within One Year 4 (2,775 )
NET CURRENT ASSETS (LIABILITIES) (2,751 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,751 )
Creditors: Amounts Falling Due After More Than One Year 5 (1,236 )
NET LIABILITIES (3,987 )
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account (3,988 )
SHAREHOLDERS' FUNDS (3,987)
In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's loss for the period was £(21,180 ) .
For the period ending 31 January 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
Mr Christopher Gammage
Director
11/10/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Vaeteer Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14586449 . The registered office is Unit 9, Brocks Business Park, Hodgson Way, Wickford, Essex, SS11 8YN.
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. Basis Of Consolidation
The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 January 2024.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.
Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.
Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.
Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.
Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.
2.3. Business Combinations
Business combinations are accounted for by applying the purchase method.
The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.
Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.
On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.
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3. Average Number of Employees
Group
Average number of employees, including directors, during the period was: 1
Company
Average number of employees, including directors, during the period was: 1
1
1
4. Creditors: Amounts Falling Due Within One Year
Group Company
31 January 2024 31 January 2024
£ £
Trade creditors 2,001 2,000
Other creditors 1,350 775
3,351 2,775
5. Creditors: Amounts Falling Due After More Than One Year
Group Company
31 January 2024 31 January 2024
£ £
Other creditors 17,851 1,236
6. Share Capital
31 January 2024
£
Allotted, Called up and fully paid 2
Page 6