Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04633996 Mr Paul Williams Mr Sian Williams Mr Gareth Howe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04633996 2023-04-30 04633996 2024-04-30 04633996 2023-05-01 2024-04-30 04633996 frs-core:CurrentFinancialInstruments 2024-04-30 04633996 frs-core:Non-currentFinancialInstruments 2024-04-30 04633996 frs-core:BetweenOneFiveYears 2024-04-30 04633996 frs-core:ComputerEquipment 2024-04-30 04633996 frs-core:ComputerEquipment 2023-05-01 2024-04-30 04633996 frs-core:ComputerEquipment 2023-04-30 04633996 frs-core:FurnitureFittings 2024-04-30 04633996 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04633996 frs-core:FurnitureFittings 2023-04-30 04633996 frs-core:NetGoodwill 2024-04-30 04633996 frs-core:NetGoodwill 2023-05-01 2024-04-30 04633996 frs-core:NetGoodwill 2023-04-30 04633996 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 04633996 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 04633996 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 04633996 frs-core:MotorVehicles 2024-04-30 04633996 frs-core:MotorVehicles 2023-05-01 2024-04-30 04633996 frs-core:MotorVehicles 2023-04-30 04633996 frs-core:PlantMachinery 2024-04-30 04633996 frs-core:PlantMachinery 2023-05-01 2024-04-30 04633996 frs-core:PlantMachinery 2023-04-30 04633996 frs-core:WithinOneYear 2024-04-30 04633996 frs-core:ShareCapital 2024-04-30 04633996 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04633996 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04633996 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04633996 frs-bus:SmallEntities 2023-05-01 2024-04-30 04633996 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04633996 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04633996 frs-core:CostValuation 2023-04-30 04633996 frs-core:CostValuation 2024-04-30 04633996 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 04633996 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 04633996 frs-bus:Director1 2023-05-01 2024-04-30 04633996 frs-bus:Director2 2023-05-01 2024-04-30 04633996 frs-bus:Director3 2023-05-01 2024-04-30 04633996 frs-core:CurrentFinancialInstruments 1 2024-04-30 04633996 frs-countries:EnglandWales 2023-05-01 2024-04-30 04633996 2022-04-30 04633996 2023-04-30 04633996 2022-05-01 2023-04-30 04633996 frs-core:CurrentFinancialInstruments 2023-04-30 04633996 frs-core:Non-currentFinancialInstruments 2023-04-30 04633996 frs-core:BetweenOneFiveYears 2023-04-30 04633996 frs-core:MotorVehicles 2022-05-01 2023-04-30 04633996 frs-core:WithinOneYear 2023-04-30 04633996 frs-core:ShareCapital 2023-04-30 04633996 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 04633996 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 04633996
One Vision Digital Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
The Wright Advice Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04633996
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 393,622 242,030
Investments 6 450,000 450,000
843,622 692,030
CURRENT ASSETS
Stocks 7 38,000 36,000
Debtors 8 1,496,487 1,033,031
Cash at bank and in hand 284,884 517,160
1,819,371 1,586,191
Creditors: Amounts Falling Due Within One Year 9 (1,259,785 ) (1,119,556 )
NET CURRENT ASSETS (LIABILITIES) 559,586 466,635
TOTAL ASSETS LESS CURRENT LIABILITIES 1,403,208 1,158,665
Creditors: Amounts Falling Due After More Than One Year 10 (423,597 ) (378,626 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (81,663 ) (43,246 )
NET ASSETS 897,948 736,793
CAPITAL AND RESERVES
Called up share capital 12 104 104
Profit and Loss Account 897,844 736,689
SHAREHOLDERS' FUNDS 897,948 736,793
Page 1
Page 2
For the year ending 30 April 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 Paul Williams
Director
04/11/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
One Vision Digital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04633996 . The registered office is Unit 4 Green Court, Village Farm Industrial Estate, Pyle, CF33 6BN.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the cost of acquiring the business initailly and has been fully amortised.
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:
Leasehold 2% straight line
Plant & Machinery 155 straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% straight line
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
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.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
Page 3
Page 4
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.
Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities. The measurement of deferred tax liabilities reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to settle the carrying amount of its liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 25)
24 25
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 68,980
As at 30 April 2024 68,980
Amortisation
As at 1 May 2023 68,980
As at 30 April 2024 68,980
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 103,960 8,231 367,367 16,829
Additions - 1,739 221,249 -
Disposals - (5,010 ) (15,100 ) -
As at 30 April 2024 103,960 4,960 573,516 16,829
Depreciation
As at 1 May 2023 34,912 5,736 205,195 8,881
Provided during the period 2,079 593 58,581 2,521
Disposals - (5,010 ) (7,845 ) -
As at 30 April 2024 36,991 1,319 255,931 11,402
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 April 2024 66,969 3,641 317,585 5,427
As at 1 May 2023 69,048 2,495 162,172 7,948
Computer Equipment Total
£ £
Cost
As at 1 May 2023 11,324 507,711
Additions - 222,988
Disposals (7,497 ) (27,607 )
As at 30 April 2024 3,827 703,092
Depreciation
As at 1 May 2023 10,957 265,681
Provided during the period 368 64,142
Disposals (7,498 ) (20,353 )
As at 30 April 2024 3,827 309,470
Net Book Value
As at 30 April 2024 - 393,622
As at 1 May 2023 367 242,030
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 169,263 141,266
6. Investments
Subsidiaries
£
Cost
As at 1 May 2023 450,000
As at 30 April 2024 450,000
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 450,000
As at 1 May 2023 450,000
The investment represents the whole of the share capital of Phonelink Installations Limited (company number 003374542).
Page 5
Page 6
7. Stocks
2024 2023
£ £
Stock 38,000 36,000
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,399,094 813,492
Other debtors 10,542 -
VAT. 48,917 22,219
Amounts owed by subsidiaries 37,934 197,320
1,496,487 1,033,031
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,337 39,401
Trade creditors 484,304 480,372
Bank loans and overdrafts 82,231 78,187
Corporation tax 34,772 11,918
Other taxes and social security 20,951 8,461
Net wages 11,337 -
Other creditors 226,020 199,628
Accruals and deferred income 29,929 5,025
Directors' loan accounts 333,904 296,564
1,259,785 1,119,556
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 123,953 54,947
Bank loans 299,644 277,877
Corporation tax - 45,802
423,597 378,626
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 36,337 39,401
Later than one year and not later than five years 123,953 54,947
160,290 94,348
160,290 94,348
Page 6
Page 7
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 104 104
13. Related Party Transactions
At the year end Phonelink Installations Limited owed the company £37,934 (2023 £197,320l).
Page 7