Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10628150 Mr J Castle Mr J Crossley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10628150 2023-02-28 10628150 2024-02-29 10628150 2023-03-01 2024-02-29 10628150 frs-core:CurrentFinancialInstruments 2024-02-29 10628150 frs-core:Non-currentFinancialInstruments 2024-02-29 10628150 frs-core:BetweenOneFiveYears 2024-02-29 10628150 frs-core:ComputerEquipment 2024-02-29 10628150 frs-core:ComputerEquipment 2023-03-01 2024-02-29 10628150 frs-core:ComputerEquipment 2023-02-28 10628150 frs-core:FurnitureFittings 2024-02-29 10628150 frs-core:FurnitureFittings 2023-03-01 2024-02-29 10628150 frs-core:FurnitureFittings 2023-02-28 10628150 frs-core:PlantMachinery 2024-02-29 10628150 frs-core:PlantMachinery 2023-03-01 2024-02-29 10628150 frs-core:PlantMachinery 2023-02-28 10628150 frs-core:WithinOneYear 2024-02-29 10628150 frs-core:ShareCapital 2024-02-29 10628150 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10628150 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10628150 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10628150 frs-bus:SmallEntities 2023-03-01 2024-02-29 10628150 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10628150 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10628150 frs-bus:Director1 2023-03-01 2024-02-29 10628150 frs-bus:Director2 2023-03-01 2024-02-29 10628150 frs-countries:EnglandWales 2023-03-01 2024-02-29 10628150 2022-02-28 10628150 2023-02-28 10628150 2022-03-01 2023-02-28 10628150 frs-core:CurrentFinancialInstruments 2023-02-28 10628150 frs-core:Non-currentFinancialInstruments 2023-02-28 10628150 frs-core:BetweenOneFiveYears 2023-02-28 10628150 frs-core:WithinOneYear 2023-02-28 10628150 frs-core:ShareCapital 2023-02-28 10628150 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10628150
VSL Productions Ltd.
Financial Statements
For The Year Ended 29 February 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10628150
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,962 95,114
66,962 95,114
CURRENT ASSETS
Debtors 5 13,500 14,985
Cash at bank and in hand 941 1,951
14,441 16,936
Creditors: Amounts Falling Due Within One Year 6 (167,703 ) (182,446 )
NET CURRENT ASSETS (LIABILITIES) (153,262 ) (165,510 )
TOTAL ASSETS LESS CURRENT LIABILITIES (86,300 ) (70,396 )
Creditors: Amounts Falling Due After More Than One Year 7 (29,577 ) (13,000 )
NET LIABILITIES (115,877 ) (83,396 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (115,879 ) (83,398 )
SHAREHOLDERS' FUNDS (115,877) (83,396)
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 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 J Crossley
Director
25/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VSL Productions Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10628150 . The registered office is Unit 9 Alpha Business Park, Welham Green, Hatfield, Hertfordshire, AL9 7NT.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £000.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
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 significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.  This is usually  at the point that the customer has signed for the delivery of the goods.
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to the milestones achieved.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
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 33.33% on reducing balance
Fixtures & Fittings 20% on written down value
Computer Equipment 20% on written down value
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 224,852 5,328 4,974 235,154
Additions 3,465 - 200 3,665
As at 29 February 2024 228,317 5,328 5,174 238,819
Depreciation
As at 1 March 2023 138,820 557 663 140,040
Provided during the period 29,896 1,059 862 31,817
As at 29 February 2024 168,716 1,616 1,525 171,857
Net Book Value
As at 29 February 2024 59,601 3,712 3,649 66,962
As at 1 March 2023 86,032 4,771 4,311 95,114
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,484 7,399
Other debtors 8,016 7,586
13,500 14,985
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,849 -
Trade creditors 4,895 33,565
Bank loans and overdrafts 3 12
Other creditors 151,588 145,659
Taxation and social security 3,368 3,210
167,703 182,446
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,577 -
Bounce back loan 11,000 13,000
29,577 13,000
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,849 -
Later than one year and not later than five years 18,577 -
26,426 -
26,426 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5