Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 4245787 Mr Richard Williams Mr Fergus Ryan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4245787 2023-05-31 4245787 2024-05-31 4245787 2023-06-01 2024-05-31 4245787 frs-core:CurrentFinancialInstruments 2024-05-31 4245787 frs-core:ShareCapital 2024-05-31 4245787 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 4245787 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 4245787 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 4245787 frs-bus:SmallEntities 2023-06-01 2024-05-31 4245787 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 4245787 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 4245787 frs-bus:Director1 2023-06-01 2024-05-31 4245787 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 4245787 frs-countries:EnglandWales 2023-06-01 2024-05-31 4245787 2022-05-31 4245787 2023-05-31 4245787 2022-06-01 2023-05-31 4245787 frs-core:CurrentFinancialInstruments 2023-05-31 4245787 frs-core:ShareCapital 2023-05-31 4245787 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 4245787
Vale (Projects) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 4245787
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 80,171 79,796
Debtors 5 43,776 43,326
Cash at bank and in hand 225 26
124,172 123,148
Creditors: Amounts Falling Due Within One Year 6 (228,956 ) (227,932 )
NET CURRENT ASSETS (LIABILITIES) (104,784 ) (104,784 )
TOTAL ASSETS LESS CURRENT LIABILITIES (104,784 ) (104,784 )
NET LIABILITIES (104,784 ) (104,784 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (104,785 ) (104,785 )
SHAREHOLDERS' FUNDS (104,784) (104,784)
For the year ending 31 May 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 his 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 Richard Williams
Director
14/01/2025
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
Vale (Projects) Limited Registered number 4245787 is a limited by shares company incorporated in England & Wales. The Registered Office is 1, Lonsdale Gardens, Tunbridge Wells, Kent, TN1 1NU.
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
Although the company has made a small profit for the year it still has net current liabilities. The directors are confident however that adequate support will be forthcoming from external lenders and other group companies for the foreseeable future.
2.3. Stocks and Work in Progress
Stocks and work in progress have been valued at the lower of cost and net realisable value. Cost includes overhead expenses, professional fees and interest on loans where they are directly attributed to the project.
3. Average Number of Employees
Average number of employees, excluding directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Work in progress 80,171 79,796
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,032 582
Prepayments and accrued income 34,968 34,968
Other debtors 7,776 7,776
43,776 43,326
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,842 14,493
VAT 75 -
Other creditors 216,039 213,439
228,956 227,932
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 2
Page 3
8. Related Party Transactions
At the balance sheet date the company was owed £7,776 (2023: £7,776) from companies under common control
At the balance sheet date the company owed £216,010 (2023: £213,411) to companies under common control:
These balances are included in other debtors and other creditors respectively.
Page 3