Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09306278 Mr Bryan Edward Jandrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09306278 2023-02-28 09306278 2024-02-29 09306278 2023-03-01 2024-02-29 09306278 frs-core:CurrentFinancialInstruments 2024-02-29 09306278 frs-core:Non-currentFinancialInstruments 2024-02-29 09306278 frs-core:ComputerEquipment 2024-02-29 09306278 frs-core:ComputerEquipment 2023-03-01 2024-02-29 09306278 frs-core:ComputerEquipment 2023-02-28 09306278 frs-core:ShareCapital 2024-02-29 09306278 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09306278 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09306278 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09306278 frs-bus:SmallEntities 2023-03-01 2024-02-29 09306278 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09306278 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09306278 frs-bus:Director1 2023-03-01 2024-02-29 09306278 frs-countries:EnglandWales 2023-03-01 2024-02-29 09306278 2022-02-28 09306278 2023-02-28 09306278 2022-03-01 2023-02-28 09306278 frs-core:CurrentFinancialInstruments 2023-02-28 09306278 frs-core:Non-currentFinancialInstruments 2023-02-28 09306278 frs-core:ShareCapital 2023-02-28 09306278 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09306278
Vaara Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Inchmead Accountants
100 Berkshire Place
Winnersh
Wokingham
RG41 5RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09306278
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,390 6,695
45,390 6,695
CURRENT ASSETS
Stocks 5 538,638 442,960
Debtors 6 2,207,871 1,870,942
Cash at bank and in hand 64,132 122,454
2,810,641 2,436,356
Creditors: Amounts Falling Due Within One Year 7 (14,616 ) (35,362 )
NET CURRENT ASSETS (LIABILITIES) 2,796,025 2,400,994
TOTAL ASSETS LESS CURRENT LIABILITIES 2,841,415 2,407,689
Creditors: Amounts Falling Due After More Than One Year 8 (10,955,196 ) (9,099,879 )
NET LIABILITIES (8,113,781 ) (6,692,190 )
CAPITAL AND RESERVES
Called up share capital 10 630,000 630,000
Profit and Loss Account (8,743,781 ) (7,322,190 )
SHAREHOLDERS' FUNDS (8,113,781) (6,692,190)
Page 1
Page 2
For the year ending 29 February 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 Bryan Edward Jandrell
Director
1 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Vaara Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09306278 . The registered office is Inchmead Suite, 100 Berkshire Place, Winnersh, Wokingham, RG41 5RD.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

Although the company is loss-making, it has received financial support from the shareholder and others, which will continue for the next 12 months.
2.3. 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 Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when when the irrevocable order is placed.
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:
Computer Equipment 4 years straight line basis
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost only includes the cost of purchase, no provision is made for other direct or indirect costs.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 28,186
Additions 56,131
As at 29 February 2024 84,317
Depreciation
As at 1 March 2023 21,491
Provided during the period 17,436
As at 29 February 2024 38,927
Net Book Value
As at 29 February 2024 45,390
As at 1 March 2023 6,695
5. Stocks
2024 2023
£ £
Stock 538,638 442,960
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,129 37,034
Prepayments and accrued income 348,310 71,487
Other debtors 14,420 14,420
Deferred tax current asset 81,539 442,781
VAT 30,543 35,071
494,941 600,793
Due after more than one year
Deferred tax current asset 1,712,930 1,270,149
2,207,871 1,870,942
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 642 -
Accruals and deferred income 13,974 35,362
14,616 35,362
The shareholder's loan is interest free, no surety is provided and no terms of repayment have been agreed.
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Long-term shareholder's loans 10,955,196 9,099,879
The loans are subject to an interest rate of 4% per annum, repayment terms and surety are provided for in the loan arrangement.
9. Deferred Taxation
The provision for deferred taxation is made up of accumulated trading losses.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 630,000 630,000
Page 5