Acorah Software Products - Accounts Production 16.1.200 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10228988 Mr Raphael Chow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10228988 2023-06-30 10228988 2024-06-30 10228988 2023-07-01 2024-06-30 10228988 frs-core:CurrentFinancialInstruments 2024-06-30 10228988 frs-core:Non-currentFinancialInstruments 2024-06-30 10228988 frs-core:ComputerEquipment 2024-06-30 10228988 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10228988 frs-core:ComputerEquipment 2023-06-30 10228988 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 10228988 frs-core:FurnitureFittings 2024-06-30 10228988 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10228988 frs-core:FurnitureFittings 2023-06-30 10228988 frs-core:NetGoodwill 2024-06-30 10228988 frs-core:NetGoodwill 2023-06-30 10228988 frs-core:SharePremium 2024-06-30 10228988 frs-core:ShareCapital 2024-06-30 10228988 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10228988 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10228988 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10228988 frs-bus:SmallEntities 2023-07-01 2024-06-30 10228988 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10228988 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10228988 frs-bus:Director1 2023-07-01 2024-06-30 10228988 frs-bus:Director1 2023-06-30 10228988 frs-bus:Director1 2024-06-30 10228988 frs-countries:EnglandWales 2023-07-01 2024-06-30 10228988 2022-06-30 10228988 2023-06-30 10228988 2022-07-01 2023-06-30 10228988 frs-core:CurrentFinancialInstruments 2023-06-30 10228988 frs-core:Non-currentFinancialInstruments 2023-06-30 10228988 frs-core:SharePremium 2023-06-30 10228988 frs-core:ShareCapital 2023-06-30 10228988 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10228988
Vatcat Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10228988
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,617 6,025
3,617 6,025
CURRENT ASSETS
Debtors 6 325,363 275,150
Investments 7 500,880 500,980
Cash at bank and in hand 12,334 45,330
838,577 821,460
Creditors: Amounts Falling Due Within One Year 8 (515,307 ) (505,317 )
NET CURRENT ASSETS (LIABILITIES) 323,270 316,143
TOTAL ASSETS LESS CURRENT LIABILITIES 326,887 322,168
Creditors: Amounts Falling Due After More Than One Year 9 (27,500 ) (37,500 )
NET ASSETS 299,387 284,668
CAPITAL AND RESERVES
Called up share capital 10 181 181
Share premium account 3,423,266 3,423,266
Profit and Loss Account (3,124,060 ) (3,138,779 )
SHAREHOLDERS' FUNDS 299,387 284,668
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For the year ending 30 June 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 Raphael Chow
Director
30/01/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Vatcat Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10228988 . The registered office is White Collar Factory, 1 Old Street Yard, London, EC1Y 8AF.
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
The accounts have been prepared on a going concern basis on the directors view that the entity can be supported via cash from the group and intercompany loan balances it can recover on demand.
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.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to Trademarks and are amortised to the profit and loss account over their estimated economic life of 5 years.
2.5. 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:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.

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2.8. Share Options
The preparation of financial statements in compliance with FRS 102 requires management to exercise judgement in applying the company's accounting policies.

The following management judgements have had the most significant effect on the amounts recognised in these financial statements;

Share option charges

FRS102 requires the grant date fair value of share-based payment awards to employees to be recognised as an employee expense with a corresponding increase in equity, over the period in which the employees become unconditionally entitled to awards.

As the date of these financial statement the adjustment for share opitions was deemened immaterial as such these have not been recognised in the accounts.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 4)
1 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 1,145
As at 30 June 2024 1,145
Amortisation
As at 1 July 2023 1,145
As at 30 June 2024 1,145
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 1,183 26,546 27,729
As at 30 June 2024 1,183 26,546 27,729
Depreciation
As at 1 July 2023 601 21,103 21,704
Provided during the period 296 2,112 2,408
As at 30 June 2024 897 23,215 24,112
Net Book Value
As at 30 June 2024 286 3,331 3,617
As at 1 July 2023 582 5,443 6,025
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,352 -
Prepayments and accrued income 9,739 12,066
VAT 1,128 1,137
Other taxes and social security - 6,773
Director's loan account 6,279 7,486
Amounts owed by subsidiaries 253,865 247,688
325,363 275,150
7. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 500,880 500,980
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,954 1,086
Other taxes and social security 1,188 -
Net wages 2,902 257
Other creditors 503,263 503,974
515,307 505,317
Included in other creditors is £500,000 in relation to unpaid share capital for the Investment in Lvjuie Internet Technology Co. Ltd.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,500 37,500
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 181 181
11. Contingent Liabilities
During the year the company recieved £404,024 from its subsidiary
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Raphael Chow 7,486 - 1,206 - 6,279
The above loan is unsecured, interest free and repayable on demand.
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13. Related Party Transactions
During the year the company received £404,024 (2023: £121,148) from Vatcat France SASU for management services.
14. Subsidiaries
Vatcat Ltd is the ultimate parent company of the following companies;
Vatcat France SASU - 61 Cours de la Liberté, 69003, Lyon, France
Lvjuie Internet Technology Co. Ltd - No.14, 1502 Luoshan Road, Free Trade Zone, Pudong District, Shanghai, China
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