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 04631126 Mr D Godhania Mrs J Godhania true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04631126 2023-03-31 04631126 2024-03-31 04631126 2023-04-01 2024-03-31 04631126 frs-core:CurrentFinancialInstruments 2024-03-31 04631126 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04631126 frs-core:ShareCapital 2024-03-31 04631126 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04631126 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04631126 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 04631126 frs-bus:SmallEntities 2023-04-01 2024-03-31 04631126 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04631126 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04631126 1 2023-04-01 2024-03-31 04631126 frs-bus:Director1 2023-04-01 2024-03-31 04631126 frs-bus:Director2 2023-04-01 2024-03-31 04631126 frs-countries:EnglandWales 2023-04-01 2024-03-31 04631126 2022-03-31 04631126 2023-03-31 04631126 2022-04-01 2023-03-31 04631126 frs-core:CurrentFinancialInstruments 2023-03-31 04631126 frs-core:ShareCapital 2023-03-31 04631126 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04631126
Vb Of Wroxham Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04631126
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,694 5,868
4,694 5,868
CURRENT ASSETS
Stocks 167,323 125,088
Cash at bank and in hand 660,296 767,588
827,619 892,676
Creditors: Amounts Falling Due Within One Year 5 (164,489 ) (279,687 )
NET CURRENT ASSETS (LIABILITIES) 663,130 612,989
TOTAL ASSETS LESS CURRENT LIABILITIES 667,824 618,857
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (1,127 ) (1,115 )
NET ASSETS 666,697 617,742
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 666,695 617,740
SHAREHOLDERS' FUNDS 666,697 617,742
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr D Godhania
Director
30/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
VB Of Wroham Ltd Registered number 04631126 is a limited by shares company incorporated in England & Wales. The Registered Office is: 2 Exchange Street, Norwich, NR2 1AT.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 20% per annum reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit & Loss Account as they become payable in accordance with the rules of the scheme.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit & account, directors report, and notes to the financial statements relating to the profit & loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 91,440
As at 31 March 2024 91,440
Depreciation
As at 1 April 2023 85,572
Provided during the period 1,174
As at 31 March 2024 86,746
Net Book Value
As at 31 March 2024 4,694
As at 1 April 2023 5,868
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,813 44,904
Taxation 26,152 34,384
Accruals and deferred income 5,575 3,450
Directors' loan accounts 72,949 196,949
164,489 279,687
6. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,127 1,115
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 16,000 21,000
9. Ultimate Controlling Party
The company's ultimate controlling parties are Mr D & Mrs J Godhania by virtue of their ownership of 100% of the issued share capital in the company.
Page 4