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 08963616 Mr Simon Paris Mr Jamie Mitchelmore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08963616 2023-03-31 08963616 2024-03-31 08963616 2023-04-01 2024-03-31 08963616 frs-core:CurrentFinancialInstruments 2024-03-31 08963616 frs-core:Non-currentFinancialInstruments 2024-03-31 08963616 frs-core:MotorVehicles 2024-03-31 08963616 frs-core:MotorVehicles 2023-04-01 2024-03-31 08963616 frs-core:MotorVehicles 2023-03-31 08963616 frs-core:PlantMachinery 2024-03-31 08963616 frs-core:PlantMachinery 2023-04-01 2024-03-31 08963616 frs-core:PlantMachinery 2023-03-31 08963616 frs-core:ShareCapital 2024-03-31 08963616 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08963616 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08963616 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08963616 frs-bus:SmallEntities 2023-04-01 2024-03-31 08963616 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08963616 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08963616 frs-bus:Director1 2023-04-01 2024-03-31 08963616 frs-bus:Director2 2023-04-01 2024-03-31 08963616 frs-countries:EnglandWales 2023-04-01 2024-03-31 08963616 2022-03-31 08963616 2023-03-31 08963616 2022-04-01 2023-03-31 08963616 frs-core:CurrentFinancialInstruments 2023-03-31 08963616 frs-core:Non-currentFinancialInstruments 2023-03-31 08963616 frs-core:ShareCapital 2023-03-31 08963616 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08963616
Vms Torbay Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Trek Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08963616
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 135,324 88,465
135,324 88,465
CURRENT ASSETS
Debtors 5 4,737 29,182
Cash at bank and in hand 24,979 32,585
29,716 61,767
Creditors: Amounts Falling Due Within One Year 6 (50,001 ) (38,901 )
NET CURRENT ASSETS (LIABILITIES) (20,285 ) 22,866
TOTAL ASSETS LESS CURRENT LIABILITIES 115,039 111,331
Creditors: Amounts Falling Due After More Than One Year 7 (34,000 ) (51,000 )
NET ASSETS 81,039 60,331
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 81,029 60,321
SHAREHOLDERS' FUNDS 81,039 60,331
Page 1
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 Profit and Loss Account.
On behalf of the board
Mr Simon Paris
Director
Mr Jamie Mitchelmore
Director
14th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vms Torbay Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08963616 . The registered office is Suite 2 Lustleigh Close, Marsh Barton Trading Estate, Exeter, EX2 8PW.
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:
Plant & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 109,551 17,800 127,351
Additions 26,212 50,352 76,564
As at 31 March 2024 135,763 68,152 203,915
Depreciation
As at 1 April 2023 35,195 3,691 38,886
Provided during the period 18,102 11,603 29,705
As at 31 March 2024 53,297 15,294 68,591
Net Book Value
As at 31 March 2024 82,466 52,858 135,324
As at 1 April 2023 74,356 14,109 88,465
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,737 10,261
Directors' loan accounts - 18,921
4,737 29,182
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,175 29,954
Other taxes and social security 654 935
VAT 4,009 6,749
Other creditors 278 463
Accruals and deferred income 800 800
Directors' loan accounts 18,085 -
50,001 38,901
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,000 51,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4