Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06969381 Mr Daniel Chandler Mr Nigel Petch Dr Petra Chandler Mrs Karli Petch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06969381 2023-03-31 06969381 2024-03-31 06969381 2023-04-01 2024-03-31 06969381 frs-core:CurrentFinancialInstruments 2024-03-31 06969381 frs-core:Non-currentFinancialInstruments 2024-03-31 06969381 frs-core:FurnitureFittings 2024-03-31 06969381 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06969381 frs-core:FurnitureFittings 2023-03-31 06969381 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 06969381 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06969381 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 06969381 frs-core:MotorVehicles 2024-03-31 06969381 frs-core:MotorVehicles 2023-04-01 2024-03-31 06969381 frs-core:MotorVehicles 2023-03-31 06969381 frs-core:PlantMachinery 2024-03-31 06969381 frs-core:PlantMachinery 2023-04-01 2024-03-31 06969381 frs-core:PlantMachinery 2023-03-31 06969381 frs-core:RevaluationReserve 2023-03-31 06969381 frs-core:RevaluationReserve 2024-03-31 06969381 frs-core:ShareCapital 2024-03-31 06969381 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06969381 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06969381 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06969381 frs-bus:SmallEntities 2023-04-01 2024-03-31 06969381 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06969381 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06969381 frs-bus:Director1 2023-04-01 2024-03-31 06969381 frs-bus:Director2 2023-04-01 2024-03-31 06969381 frs-bus:Director3 2023-04-01 2024-03-31 06969381 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06969381 frs-core:CurrentFinancialInstruments 1 2024-03-31 06969381 frs-countries:EnglandWales 2023-04-01 2024-03-31 06969381 2022-03-31 06969381 2023-03-31 06969381 2022-04-01 2023-03-31 06969381 frs-core:CurrentFinancialInstruments 2023-03-31 06969381 frs-core:Non-currentFinancialInstruments 2023-03-31 06969381 frs-core:RevaluationReserve 2023-03-31 06969381 frs-core:ShareCapital 2023-03-31 06969381 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06969381 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 06969381
VINDICO UK LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Accountants with a Difference Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06969381
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 414,371 419,857
414,371 419,857
CURRENT ASSETS
Stocks 5 251,402 42,181
Debtors 6 112,428 62,558
Cash at bank and in hand 61,646 58,846
425,476 163,585
Creditors: Amounts Falling Due Within One Year 7 (442,074 ) (133,552 )
NET CURRENT ASSETS (LIABILITIES) (16,598 ) 30,033
TOTAL ASSETS LESS CURRENT LIABILITIES 397,773 449,890
Creditors: Amounts Falling Due After More Than One Year 8 (214,208 ) (233,637 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,312 ) (29,354 )
NET ASSETS 155,253 186,899
CAPITAL AND RESERVES
Called up share capital 9 4 4
Revaluation reserve 10 80,709 80,709
Income Statement 74,540 106,186
SHAREHOLDERS' FUNDS 155,253 186,899
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Page 2
For the year 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 Income Statement.
On behalf of the board
Mr Daniel Chandler
Director
2 November 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
VINDICO UK LIMITED Registered number 06969381 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 16 Becklands Park Industrial Estate, , York Road, Market Weighton, , York, , YO43 3GA.
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:
Freehold Freehold land is not being depreciated
Plant & Machinery 25% on reducing balance basis
Motor Vehicles 20% on reducing balance basis
Fixtures & Fittings 25% on reducing balance basis
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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 365,000 26,113 49,950 29,241 470,304
Additions - 10,971 - - 10,971
As at 31 March 2024 365,000 37,084 49,950 29,241 481,275
Depreciation
As at 1 April 2023 - 17,948 10,616 21,883 50,447
Provided during the period - 4,784 9,834 1,839 16,457
As at 31 March 2024 - 22,732 20,450 23,722 66,904
Net Book Value
As at 31 March 2024 365,000 14,352 29,500 5,519 414,371
As at 1 April 2023 365,000 8,165 39,334 7,358 419,857
5. Stocks
2024 2023
£ £
Stock 251,402 42,181
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 101,288 51,244
Other debtors (1) 11,140 11,314
112,428 62,558
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,500 1,501
Bank loans and overdrafts 22,034 18,584
Corporation tax 13,685 6,927
Other taxes and social security 220 -
VAT 1,323 -
Other creditors 330 330
Other creditors (1) 324,350 19,300
Accruals and deferred income 78,565 86,843
Directors' loan accounts 67 67
442,074 133,552
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 214,208 233,637
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Reserves
Revaluation Reserve
£
As at 1 April 2023 80,709
As at 31 March 2024 80,709
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