Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04657120 Mrs Ruotao Zheng Mrs Judith Green Mr Paul Green Mrs Judith Green iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04657120 2023-08-31 04657120 2024-08-31 04657120 2023-09-01 2024-08-31 04657120 frs-core:CurrentFinancialInstruments 2024-08-31 04657120 frs-core:Non-currentFinancialInstruments 2024-08-31 04657120 frs-core:BetweenOneFiveYears 2024-08-31 04657120 frs-core:ComputerEquipment 2024-08-31 04657120 frs-core:ComputerEquipment 2023-09-01 2024-08-31 04657120 frs-core:ComputerEquipment 2023-08-31 04657120 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 04657120 frs-core:FurnitureFittings 2024-08-31 04657120 frs-core:FurnitureFittings 2023-09-01 2024-08-31 04657120 frs-core:FurnitureFittings 2023-08-31 04657120 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 04657120 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 04657120 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 04657120 frs-core:MotorVehicles 2024-08-31 04657120 frs-core:MotorVehicles 2023-09-01 2024-08-31 04657120 frs-core:MotorVehicles 2023-08-31 04657120 frs-core:OtherResidualIntangibleAssets 2024-08-31 04657120 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 04657120 frs-core:OtherResidualIntangibleAssets 2023-08-31 04657120 frs-core:PlantMachinery 2024-08-31 04657120 frs-core:PlantMachinery 2023-09-01 2024-08-31 04657120 frs-core:PlantMachinery 2023-08-31 04657120 frs-core:WithinOneYear 2024-08-31 04657120 frs-core:ShareCapital 2024-08-31 04657120 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04657120 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04657120 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04657120 frs-bus:SmallEntities 2023-09-01 2024-08-31 04657120 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04657120 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04657120 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 04657120 frs-bus:OrdinaryShareClass1 2024-08-31 04657120 frs-bus:Director1 2023-09-01 2024-08-31 04657120 frs-bus:Director1 2023-08-31 04657120 frs-bus:Director1 2024-08-31 04657120 frs-bus:Director2 2023-09-01 2024-08-31 04657120 frs-bus:Director3 2023-09-01 2024-08-31 04657120 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04657120 frs-core:CurrentFinancialInstruments 1 2024-08-31 04657120 frs-core:CurrentFinancialInstruments 4 2024-08-31 04657120 frs-countries:EnglandWales 2023-09-01 2024-08-31 04657120 2022-08-31 04657120 2023-08-31 04657120 2022-09-01 2023-08-31 04657120 frs-core:CurrentFinancialInstruments 2023-08-31 04657120 frs-core:Non-currentFinancialInstruments 2023-08-31 04657120 frs-core:BetweenOneFiveYears 2023-08-31 04657120 frs-core:WithinOneYear 2023-08-31 04657120 frs-core:ShareCapital 2023-08-31 04657120 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 04657120 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31 04657120 frs-core:CurrentFinancialInstruments 1 2023-08-31 04657120 frs-core:CurrentFinancialInstruments 4 2023-08-31
Registered number: 04657120
Vlc (Stairlifts) Limited
Financial Statements
For The Year Ended 31 August 2024
Simple Accounting NW Ltd
4-4a Blackburn Road
Accrington
BB5 1HD
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 04657120
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,539 5,282
Tangible Assets 5 103,925 154,592
107,464 159,874
CURRENT ASSETS
Stocks 6 53,128 115,916
Debtors 7 219,073 131,412
Cash at bank and in hand 18,305 78,295
290,506 325,623
Creditors: Amounts Falling Due Within One Year 8 (274,609 ) (403,238 )
NET CURRENT ASSETS (LIABILITIES) 15,897 (77,615 )
TOTAL ASSETS LESS CURRENT LIABILITIES 123,361 82,259
Creditors: Amounts Falling Due After More Than One Year 9 (106,332 ) (56,827 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,802 ) (25,175 )
NET ASSETS 1,227 257
CAPITAL AND RESERVES
Called up share capital 11 100 100
Income Statement 1,127 157
SHAREHOLDERS' FUNDS 1,227 257
Page 1
Page 2
For the year ending 31 August 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 Income Statement.
On behalf of the board
Mrs Judith Green
Director
27 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vlc (Stairlifts) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04657120 . The registered office is Unit D2 Redgate Road, Ashton-In-Makerfield, Wigan, England, WN4 8DT.
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 - Other Intangible
Other intangible assets are Computer Software. It is amortised to income statement over its estimated economic life of 3 years.
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 15% on reducing balance
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.
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 items.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.
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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 assets and 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 assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or 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 and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 19)
14 19
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 35,119
As at 31 August 2024 35,119
Amortisation
As at 1 September 2023 29,837
Provided during the period 1,743
As at 31 August 2024 31,580
Net Book Value
As at 31 August 2024 3,539
As at 1 September 2023 5,282
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 September 2023 41,520 10,456 124,395 66,084
Additions - - 9,925 -
Disposals - - (42,325 ) -
As at 31 August 2024 41,520 10,456 91,995 66,084
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 September 2023 28,528 5,605 22,132 39,973
Provided during the period 1,949 1,213 21,420 3,917
Disposals - - (12,996 ) -
As at 31 August 2024 30,477 6,818 30,556 43,890
Net Book Value
As at 31 August 2024 11,043 3,638 61,439 22,194
As at 1 September 2023 12,992 4,851 102,263 26,111
Computer Equipment Total
£ £
Cost
As at 1 September 2023 50,241 292,696
Additions - 9,925
Disposals - (42,325 )
As at 31 August 2024 50,241 260,296
Depreciation
As at 1 September 2023 41,866 138,104
Provided during the period 2,764 31,263
Disposals - (12,996 )
As at 31 August 2024 44,630 156,371
Net Book Value
As at 31 August 2024 5,611 103,925
As at 1 September 2023 8,375 154,592
6. Stocks
2024 2023
£ £
Finished goods 50,976 52,558
Work in progress 2,152 63,358
53,128 115,916
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 82,280 98,426
Prepayments and accrued income 26,286 18,736
Corporation tax recoverable assets 14,250 14,250
Directors' loan accounts 96,257 -
219,073 131,412
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,678 26,135
Trade creditors 35,524 84,914
Bank loans and overdrafts 50,389 41,818
Corporation tax 34,833 -
Other taxes and social security 7,263 7,318
VAT 8,047 7,128
Pension fund 1,522 1,573
Advance from customer 36,996 136,256
Accruals and deferred income 22,557 26,393
Directors' loan accounts 52,800 71,703
274,609 403,238
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 29,625 64,449
Bank loans 76,707 (7,622 )
106,332 56,827
Ruotao Zheng the Director has invested £200,000 in 2018 which willl be repaid in 5 years
The loan is un-secured. 
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,678 26,135
Later than one year and not later than five years 29,625 64,449
54,303 90,584
54,303 90,584
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mrs Judith Green 50,901 213,734 66,576 - 96,257
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