Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC494758 Mr David Buchan Mr John Buchan Mr Robert Buchan Mr Robert Buchan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC494758 2023-01-31 SC494758 2024-01-31 SC494758 2023-02-01 2024-01-31 SC494758 frs-core:CurrentFinancialInstruments 2024-01-31 SC494758 frs-core:Non-currentFinancialInstruments 2024-01-31 SC494758 frs-core:NetGoodwill 2024-01-31 SC494758 frs-core:NetGoodwill 2023-02-01 2024-01-31 SC494758 frs-core:NetGoodwill 2023-01-31 SC494758 frs-core:PlantMachinery 2024-01-31 SC494758 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC494758 frs-core:PlantMachinery 2023-01-31 SC494758 frs-core:ShareCapital 2024-01-31 SC494758 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC494758 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC494758 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC494758 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC494758 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC494758 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC494758 frs-bus:Director1 2023-02-01 2024-01-31 SC494758 frs-bus:Director2 2023-02-01 2024-01-31 SC494758 frs-bus:Director3 2023-02-01 2024-01-31 SC494758 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 SC494758 frs-countries:Scotland 2023-02-01 2024-01-31 SC494758 2022-01-31 SC494758 2023-01-31 SC494758 2022-02-01 2023-01-31 SC494758 frs-core:CurrentFinancialInstruments 2023-01-31 SC494758 frs-core:Non-currentFinancialInstruments 2023-01-31 SC494758 frs-core:ShareCapital 2023-01-31 SC494758 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 SC494758 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: SC494758
OV3 Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC494758
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 50,000 50,000
Tangible Assets 5 86,625 86,625
136,625 136,625
Creditors: Amounts Falling Due Within One Year 6 (396,802 ) (387,101 )
NET CURRENT ASSETS (LIABILITIES) (396,802 ) (387,101 )
TOTAL ASSETS LESS CURRENT LIABILITIES (260,177 ) (250,476 )
Creditors: Amounts Falling Due After More Than One Year 7 (17,984 ) (20,849 )
NET LIABILITIES (278,161 ) (271,325 )
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account (278,164 ) (271,328 )
SHAREHOLDERS' FUNDS (278,161) (271,325)
For the year ending 31 January 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 Robert Buchan
Director
27/01/2025
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
OV3 Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC494758 . The registered office is 2 Beacon Drive, Fraserburgh, Aberdeenshire, AB43 9SF.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.3. 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 6.25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 50,000
As at 31 January 2024 50,000
Net Book Value
As at 31 January 2024 50,000
As at 1 February 2023 50,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 126,000
As at 31 January 2024 126,000
Depreciation
As at 1 February 2023 39,375
As at 31 January 2024 39,375
Net Book Value
As at 31 January 2024 86,625
As at 1 February 2023 86,625
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,864 1,864
Bank loans and overdrafts 17,626 16,762
VAT 17,770 17,770
Other loans 88,493 83,693
Credit card - 96
Accruals 2,850 1,250
Directors' loan accounts 268,199 265,666
396,802 387,101
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,984 20,849
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 3