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Registered number: 13691447
Metro Viper Records Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13691447
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 25,080 34,005
25,080 34,005
Creditors: Amounts Falling Due Within One Year 4 (23,180 ) (39,766 )
NET CURRENT ASSETS (LIABILITIES) 1,900 (5,761 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,900 (5,761 )
NET ASSETS/(LIABILITIES) 1,900 (5,761 )
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 1,898 (5,763 )
SHAREHOLDERS' FUNDS 1,900 (5,761)
For the year ending 31 October 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. B C Collins
Director
18 December 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Metro Viper Records Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13691447 . The registered office is 31 Mansell Road, London, W3 7QH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.
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.

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. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is 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: 2 (2023: 2)
2 2
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 3,089 29,633
Taxation and social security 20,091 10,133
23,180 39,766
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 2
Page 3
6. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
7. Related Party Transactions
The following related party transactions were undertaken during the year:
A director introduced amounts totalling £Nil, received dividends totalling £16,500 and withdrew amounts totalling £30,000. (2023: introduced £Nil and withdrew £Nil). As at the balance sheet date the amounts due from the company was £Nil. (2023: £13,500).
A director introduced amounts totalling £312, received dividends totalling £16,500 and withdrew amounts totalling £30,000.(2023: introduced £312 and withdrew £Nil). As at the balance sheet date the amounts due from the company was £935. (2023: £14,123)
Dividends were declared to the directors in respect of their shareholdings totalling £33,000 (2023: £47,743).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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