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 11804130 Ms Kimberley Abbott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11804130 2023-02-28 11804130 2024-02-29 11804130 2023-03-01 2024-02-29 11804130 frs-core:CurrentFinancialInstruments 2024-02-29 11804130 frs-core:Non-currentFinancialInstruments 2024-02-29 11804130 frs-core:ComputerEquipment 2024-02-29 11804130 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11804130 frs-core:ComputerEquipment 2023-02-28 11804130 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 11804130 frs-core:OtherResidualIntangibleAssets 2024-02-29 11804130 frs-core:OtherResidualIntangibleAssets 2023-02-28 11804130 frs-core:OtherReservesSubtotal 2024-02-29 11804130 frs-core:SharePremium 2024-02-29 11804130 frs-core:ShareCapital 2024-02-29 11804130 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11804130 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11804130 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11804130 frs-bus:SmallEntities 2023-03-01 2024-02-29 11804130 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11804130 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11804130 frs-bus:Director1 2023-03-01 2024-02-29 11804130 frs-countries:EnglandWales 2023-03-01 2024-02-29 11804130 2022-02-28 11804130 2023-02-28 11804130 2022-03-01 2023-02-28 11804130 frs-core:CurrentFinancialInstruments 2023-02-28 11804130 frs-core:Non-currentFinancialInstruments 2023-02-28 11804130 frs-core:OtherReservesSubtotal 2023-02-28 11804130 frs-core:SharePremium 2023-02-28 11804130 frs-core:ShareCapital 2023-02-28 11804130 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11804130
Vested Impact Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11804130
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 24,000 24,000
Tangible Assets 5 93 -
24,093 24,000
CURRENT ASSETS
Debtors 6 1,636 -
Cash at bank and in hand 48,074 15,197
49,710 15,197
Creditors: Amounts Falling Due Within One Year 7 (63,752 ) (37,334 )
NET CURRENT ASSETS (LIABILITIES) (14,042 ) (22,137 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,051 1,863
Creditors: Amounts Falling Due After More Than One Year 8 - (20,380 )
NET ASSETS/(LIABILITIES) 10,051 (18,517 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Share premium account 25,000 25,000
Other reserves 2,108 1,520
Profit and Loss Account (17,067 ) (45,047 )
SHAREHOLDERS' FUNDS 10,051 (18,517)
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 her 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
Ms Kimberley Abbott
Director
08/11/2024
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
Vested Impact Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11804130 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets represent costs incurred externally to develop an application. The application is still in development and has not been brought into use yet, and as such no amortisation has been recognised.
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 25% on reducing balance
2.5. 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.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

...CONTINUED
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2.6. Taxation - continued
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  2 (2023: NIL)
2 -
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 24,000
As at 29 February 2024 24,000
Net Book Value
As at 29 February 2024 24,000
As at 1 March 2023 24,000
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 -
Additions 124
As at 29 February 2024 124
Depreciation
As at 1 March 2023 -
Provided during the period 31
As at 29 February 2024 31
...CONTINUED
Page 4
Page 5
Net Book Value
As at 29 February 2024 93
As at 1 March 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,127 -
VAT 509 -
1,636 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 694
Other loans 49,148 20,000
Other taxes and social security 2,578 -
Accruals and deferred income 4,844 1,340
Director's loan account 7,182 15,300
63,752 37,334
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 20,380
- 20,380
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 5