Acorah Software Products - Accounts Production 16.0.110 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08439701 Mr David Cordy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08439701 2022-11-30 08439701 2023-11-30 08439701 2022-12-01 2023-11-30 08439701 frs-core:CurrentFinancialInstruments 2023-11-30 08439701 frs-core:Non-currentFinancialInstruments 2023-11-30 08439701 frs-core:ComputerEquipment 2022-12-01 2023-11-30 08439701 frs-core:FurnitureFittings 2022-12-01 2023-11-30 08439701 frs-core:PlantMachinery 2023-11-30 08439701 frs-core:PlantMachinery 2022-12-01 2023-11-30 08439701 frs-core:PlantMachinery 2022-11-30 08439701 frs-core:ShareCapital 2023-11-30 08439701 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08439701 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08439701 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08439701 frs-bus:SmallEntities 2022-12-01 2023-11-30 08439701 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08439701 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08439701 frs-bus:Director1 2022-12-01 2023-11-30 08439701 frs-countries:EnglandWales 2022-12-01 2023-11-30 08439701 2021-11-30 08439701 2022-11-30 08439701 2021-12-01 2022-11-30 08439701 frs-core:CurrentFinancialInstruments 2022-11-30 08439701 frs-core:Non-currentFinancialInstruments 2022-11-30 08439701 frs-core:ShareCapital 2022-11-30 08439701 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08439701
Ventio Media Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08439701
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 253,429 318,609
253,429 318,609
CURRENT ASSETS
Debtors 5 163,764 124,798
Cash at bank and in hand 2,477 4,054
166,241 128,852
Creditors: Amounts Falling Due Within One Year 6 (322,603 ) (340,102 )
NET CURRENT ASSETS (LIABILITIES) (156,362 ) (211,250 )
TOTAL ASSETS LESS CURRENT LIABILITIES 97,067 107,359
Creditors: Amounts Falling Due After More Than One Year 7 (15,000 ) (67,234 )
NET ASSETS 82,067 40,125
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 82,066 40,124
SHAREHOLDERS' FUNDS 82,067 40,125
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Page 2
For the year ending 30 November 2023 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 David Cordy
Director
28th 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
Ventio Media Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08439701 . The registered office is Flat 7 Heather House St. Johns Close, Heather, Coalville, LE67 2QL.
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.
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 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.
2.4. 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:
Plant & Machinery 10% on cost and over the terms of the lease
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.5. 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 (2022: NIL)
- -
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 602,298
As at 30 November 2023 602,298
Depreciation
As at 1 December 2022 283,689
Provided during the period 65,180
As at 30 November 2023 348,869
Net Book Value
As at 30 November 2023 253,429
As at 1 December 2022 318,609
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,913 -
Other debtors 161,851 124,798
163,764 124,798
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 63,224 66,789
Trade creditors 66,173 97,009
Bank loans and overdrafts 10,000 10,000
Other creditors 183,206 166,304
322,603 340,102
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 42,234
Bank loans 15,000 25,000
15,000 67,234
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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