Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10503094 Mr Tommie Nisula Mr William Prince iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10503094 2023-08-31 10503094 2024-08-31 10503094 2023-09-01 2024-08-31 10503094 frs-core:Non-currentFinancialInstruments 2024-08-31 10503094 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10503094 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 10503094 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10503094 frs-core:NetGoodwill 2023-09-01 2024-08-31 10503094 frs-core:PlantMachinery 2023-09-01 2024-08-31 10503094 frs-core:SharePremium 2024-08-31 10503094 frs-core:ShareCapital 2024-08-31 10503094 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10503094 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10503094 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 10503094 frs-bus:SmallEntities 2023-09-01 2024-08-31 10503094 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10503094 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10503094 frs-bus:Director1 2023-09-01 2024-08-31 10503094 frs-bus:Director2 2023-09-01 2024-08-31 10503094 frs-countries:EnglandWales 2023-09-01 2024-08-31 10503094 2022-08-31 10503094 2023-08-31 10503094 2022-09-01 2023-08-31 10503094 frs-core:Non-currentFinancialInstruments 2023-08-31 10503094 frs-core:SharePremium 2023-08-31 10503094 frs-core:ShareCapital 2023-08-31 10503094 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10503094
SPACE VAC TECHNOLOGIES GROUP LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Linear Accountants Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10503094
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,309 13,199
Tangible Assets 5 9,678 12,733
15,987 25,932
CURRENT ASSETS
Stocks 129,119 100,344
Debtors 2,040,777 1,165,770
Cash at bank and in hand 52,888 33,088
2,222,784 1,299,202
Creditors: Amounts Falling Due Within One Year (2,176,346 ) (1,281,798 )
NET CURRENT ASSETS (LIABILITIES) 46,438 17,404
TOTAL ASSETS LESS CURRENT LIABILITIES 62,425 43,336
Creditors: Amounts Falling Due After More Than One Year (19,472 ) (27,468 )
NET ASSETS 42,953 15,868
CAPITAL AND RESERVES
Called up share capital 6 2,330 2,330
Share premium account 149,550 149,550
Profit and Loss Account (108,927 ) (136,012 )
SHAREHOLDERS' FUNDS 42,953 15,868
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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Tommie Nisula
Director
07/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
SPACE VAC TECHNOLOGIES GROUP LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10503094 . The registered office is Unit 3, Jbj Business Park Northampton Road, Blisworth, Northampton, NN7 3DW.
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 - 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 6.6 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents. It is amortised to profit and loss account over its estimated economic life of 6.6 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:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on straight line
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
Page 3
Page 4
4. Intangible Assets
Total
£
Cost
As at 1 September 2023 70,932
As at 31 August 2024 70,932
Amortisation
As at 1 September 2023 57,733
Provided during the period 6,890
As at 31 August 2024 64,623
Net Book Value
As at 31 August 2024 6,309
As at 1 September 2023 13,199
5. Tangible Assets
Total
£
Cost
As at 1 September 2023 105,283
Additions 192
As at 31 August 2024 105,475
Depreciation
As at 1 September 2023 92,550
Provided during the period 3,247
As at 31 August 2024 95,797
Net Book Value
As at 31 August 2024 9,678
As at 1 September 2023 12,733
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,330 2,330
Page 4