Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03588359 Jacqueline Crowther Martin Crowther Matthew Crowther Joanne Greene iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03588359 2023-07-31 03588359 2024-07-31 03588359 2023-08-01 2024-07-31 03588359 frs-core:CurrentFinancialInstruments 2024-07-31 03588359 frs-core:ComputerEquipment 2024-07-31 03588359 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03588359 frs-core:ComputerEquipment 2023-07-31 03588359 frs-core:FurnitureFittings 2024-07-31 03588359 frs-core:FurnitureFittings 2023-08-01 2024-07-31 03588359 frs-core:FurnitureFittings 2023-07-31 03588359 frs-core:NetGoodwill 2024-07-31 03588359 frs-core:NetGoodwill 2023-08-01 2024-07-31 03588359 frs-core:NetGoodwill 2023-07-31 03588359 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 03588359 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 03588359 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 03588359 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 03588359 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03588359 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 03588359 frs-core:MotorVehicles 2024-07-31 03588359 frs-core:MotorVehicles 2023-08-01 2024-07-31 03588359 frs-core:MotorVehicles 2023-07-31 03588359 frs-core:PlantMachinery 2024-07-31 03588359 frs-core:PlantMachinery 2023-08-01 2024-07-31 03588359 frs-core:PlantMachinery 2023-07-31 03588359 frs-core:ShareCapital 2024-07-31 03588359 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03588359 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03588359 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03588359 frs-bus:SmallEntities 2023-08-01 2024-07-31 03588359 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03588359 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03588359 frs-bus:Director1 2023-08-01 2024-07-31 03588359 frs-bus:Director2 2023-08-01 2024-07-31 03588359 frs-bus:Director3 2023-08-01 2024-07-31 03588359 frs-bus:Director4 2023-08-01 2024-07-31 03588359 frs-bus:Director4 2023-07-31 03588359 frs-bus:Director4 2024-07-31 03588359 frs-countries:EnglandWales 2023-08-01 2024-07-31 03588359 2022-07-31 03588359 2023-07-31 03588359 2022-08-01 2023-07-31 03588359 frs-core:CurrentFinancialInstruments 2023-07-31 03588359 frs-core:ShareCapital 2023-07-31 03588359 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03588359
VR Sani-Co Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Hilary Adams Ltd
158 High Street
Herne Bay
Kent
CT6 5NP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03588359
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 247,605 252,631
247,605 252,631
CURRENT ASSETS
Stocks 6 34,975 58,468
Debtors 7 129,287 101,833
Cash at bank and in hand 460,143 520,372
624,405 680,673
Creditors: Amounts Falling Due Within One Year 8 (109,818 ) (110,682 )
NET CURRENT ASSETS (LIABILITIES) 514,587 569,991
TOTAL ASSETS LESS CURRENT LIABILITIES 762,192 822,622
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,285 ) (10,842 )
NET ASSETS 754,907 811,780
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 754,807 811,680
SHAREHOLDERS' FUNDS 754,907 811,780
Page 1
Page 2
For the year ending 31 July 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
Joanne Greene
Director
2 October 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VR Sani-Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03588359 . The registered office is 158 High Street, Herne Bay, Kent, CT6 5NP.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Freehold 0%
Leasehold 0%
Plant & Machinery 20%
Motor Vehicles 25%
Fixtures & Fittings 20%
Computer Equipment 33%
Page 3
Page 4
2.5. 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.
2.6. 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.
2.7. 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.
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 year was: 14 (2023: 12)
14 12
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 13,600
As at 31 July 2024 13,600
Amortisation
As at 1 August 2023 13,600
As at 31 July 2024 13,600
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 August 2023 205,556 3,704 11,795 173,086
Additions - - - 23,500
As at 31 July 2024 205,556 3,704 11,795 196,586
Depreciation
As at 1 August 2023 - - 11,795 131,132
Provided during the period - - - 27,915
As at 31 July 2024 - - 11,795 159,047
Net Book Value
As at 31 July 2024 205,556 3,704 - 37,539
As at 1 August 2023 205,556 3,704 - 41,954
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 13,548 20,289 427,978
Additions - - 23,500
As at 31 July 2024 13,548 20,289 451,478
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 August 2023 12,777 19,643 175,347
Provided during the period 90 521 28,526
As at 31 July 2024 12,867 20,164 203,873
Net Book Value
As at 31 July 2024 681 125 247,605
As at 1 August 2023 771 646 252,631
6. Stocks
2024 2023
£ £
Stock 34,975 58,468
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 121,761 97,043
Prepayments and accrued income 5,211 4,040
Other debtors 750 750
Corporation tax recoverable assets 395 -
Directors' loan accounts 1,170 -
129,287 101,833
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,864 2,460
Corporation tax 5,858 35,845
Other taxes and social security 14,415 1,588
VAT 68,441 67,866
Other creditors 840 523
Accruals and deferred income 2,400 2,400
109,818 110,682
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6
Page 7
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Matthew Crowther - 1,170 - - 1,170
The above loan is unsecured, interest free and repayable on demand.
Page 7