Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08103187 Mr L Parker Mr S Card Mr L Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08103187 2023-06-30 08103187 2024-06-30 08103187 2023-07-01 2024-06-30 08103187 frs-core:CurrentFinancialInstruments 2024-06-30 08103187 frs-core:Non-currentFinancialInstruments 2024-06-30 08103187 frs-core:ComputerEquipment 2024-06-30 08103187 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08103187 frs-core:ComputerEquipment 2023-06-30 08103187 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 08103187 frs-core:MotorVehicles 2024-06-30 08103187 frs-core:MotorVehicles 2023-07-01 2024-06-30 08103187 frs-core:MotorVehicles 2023-06-30 08103187 frs-core:PlantMachinery 2024-06-30 08103187 frs-core:PlantMachinery 2023-07-01 2024-06-30 08103187 frs-core:PlantMachinery 2023-06-30 08103187 frs-core:ShareCapital 2024-06-30 08103187 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08103187 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08103187 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08103187 frs-bus:SmallEntities 2023-07-01 2024-06-30 08103187 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08103187 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08103187 frs-core:CostValuation 2023-06-30 08103187 frs-core:AdditionsToInvestments 2024-06-30 08103187 frs-core:CostValuation 2024-06-30 08103187 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 08103187 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 08103187 frs-bus:Director1 2023-07-01 2024-06-30 08103187 frs-bus:Director2 2023-07-01 2024-06-30 08103187 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 08103187 frs-countries:EnglandWales 2023-07-01 2024-06-30 08103187 2022-06-30 08103187 2023-06-30 08103187 2022-07-01 2023-06-30 08103187 frs-core:CurrentFinancialInstruments 2023-06-30 08103187 frs-core:Non-currentFinancialInstruments 2023-06-30 08103187 frs-core:ShareCapital 2023-06-30 08103187 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08103187
Vivid Visions Paintworx Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08103187
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,397 77,342
Investments 5 100 -
66,497 77,342
CURRENT ASSETS
Stocks 6 6,000 4,000
Debtors 7 336,008 321,791
Cash at bank and in hand 205,155 81,770
547,163 407,561
Creditors: Amounts Falling Due Within One Year 8 (257,327 ) (214,609 )
NET CURRENT ASSETS (LIABILITIES) 289,836 192,952
TOTAL ASSETS LESS CURRENT LIABILITIES 356,333 270,294
Creditors: Amounts Falling Due After More Than One Year 9 (23,892 ) (22,923 )
NET ASSETS 332,441 247,371
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 332,341 247,271
SHAREHOLDERS' FUNDS 332,441 247,371
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Page 2
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 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 Income Statement.
On behalf of the board
Mr L Parker
Director
26 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Vivid Visions Paintworx Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08103187 . The registered office is Unit 2 Javelin Way, Henwood Industrial Estate, Ashford, Kent, TN24 8DE.
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.
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:
Leasehold No depreciation
Plant & Machinery 10% straight line
Motor Vehicles 25% reducing balance
Equipment 25% reducing balance
2.4. 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.
2.5. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 9 (2023: 8)
9 8
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4. Tangible Assets
Plant & Machinery Motor Vehicles Equipment Total
£ £ £ £
Cost
As at 1 July 2023 65,575 21,500 55,193 142,268
Additions - - 2,111 2,111
As at 30 June 2024 65,575 21,500 57,304 144,379
Depreciation
As at 1 July 2023 12,818 19,323 32,785 64,926
Provided during the period 6,558 544 5,954 13,056
As at 30 June 2024 19,376 19,867 38,739 77,982
Net Book Value
As at 30 June 2024 46,199 1,633 18,565 66,397
As at 1 July 2023 52,757 2,177 22,408 77,342
5. Investments
Subsidiaries
£
Cost
As at 1 July 2023 -
Additions 100
As at 30 June 2024 100
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 100
As at 1 July 2023 -
6. Stocks
2024 2023
£ £
Stock 6,000 4,000
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 157,971 139,861
Amounts owed by participating interests - 162,476
Other debtors 19,922 19,454
177,893 321,791
Due after more than one year
Amounts owed by group undertakings 158,115 -
336,008 321,791
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,776 23,694
Bank loans and overdrafts 5,581 10,124
Other creditors 56,195 97,477
Taxation and social security 108,775 83,314
257,327 214,609
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,892 22,923
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
At the balance sheet date, £158,115 was owed from Vivid Visions Group Limited, a wholly owned subsidiary.
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