Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 10175680 Mr R Bridge Mr S A Marra Mr M Todd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10175680 2023-11-30 10175680 2024-11-30 10175680 2023-12-01 2024-11-30 10175680 frs-core:CurrentFinancialInstruments 2024-11-30 10175680 frs-core:Non-currentFinancialInstruments 2024-11-30 10175680 frs-core:BetweenOneFiveYears 2024-11-30 10175680 frs-core:ComputerEquipment 2024-11-30 10175680 frs-core:ComputerEquipment 2023-12-01 2024-11-30 10175680 frs-core:ComputerEquipment 2023-11-30 10175680 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-11-30 10175680 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-30 10175680 frs-core:FurnitureFittings 2024-11-30 10175680 frs-core:FurnitureFittings 2023-12-01 2024-11-30 10175680 frs-core:FurnitureFittings 2023-11-30 10175680 frs-core:MotorVehicles 2024-11-30 10175680 frs-core:MotorVehicles 2023-12-01 2024-11-30 10175680 frs-core:MotorVehicles 2023-11-30 10175680 frs-core:PlantMachinery 2024-11-30 10175680 frs-core:PlantMachinery 2023-12-01 2024-11-30 10175680 frs-core:PlantMachinery 2023-11-30 10175680 frs-core:WithinOneYear 2024-11-30 10175680 frs-core:ShareCapital 2024-11-30 10175680 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10175680 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10175680 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10175680 frs-bus:SmallEntities 2023-12-01 2024-11-30 10175680 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10175680 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10175680 frs-bus:OrdinaryShareClass2 2023-12-01 2024-11-30 10175680 frs-bus:OrdinaryShareClass2 2024-11-30 10175680 frs-bus:OrdinaryShareClass3 2023-12-01 2024-11-30 10175680 frs-bus:OrdinaryShareClass3 2024-11-30 10175680 frs-bus:OrdinaryShareClass4 2023-12-01 2024-11-30 10175680 frs-bus:OrdinaryShareClass4 2024-11-30 10175680 frs-bus:OrdinaryShareClass5 2023-12-01 2024-11-30 10175680 frs-bus:OrdinaryShareClass5 2024-11-30 10175680 frs-bus:Director1 2023-12-01 2024-11-30 10175680 frs-bus:Director2 2023-12-01 2024-11-30 10175680 frs-bus:Director3 2023-12-01 2024-11-30 10175680 frs-countries:EnglandWales 2023-12-01 2024-11-30 10175680 2022-11-30 10175680 2023-11-30 10175680 2022-12-01 2023-11-30 10175680 frs-core:CurrentFinancialInstruments 2023-11-30 10175680 frs-core:Non-currentFinancialInstruments 2023-11-30 10175680 frs-core:BetweenOneFiveYears 2023-11-30 10175680 frs-core:WithinOneYear 2023-11-30 10175680 frs-core:ShareCapital 2023-11-30 10175680 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10175680 frs-bus:OrdinaryShareClass2 2022-12-01 2023-11-30 10175680 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30 10175680 frs-bus:OrdinaryShareClass4 2022-12-01 2023-11-30 10175680 frs-bus:OrdinaryShareClass5 2022-12-01 2023-11-30
Registered number: 10175680
Vending Sense Group Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—8
Page 1
Statement of Financial Position
Registered number: 10175680
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 197,203 145,754
197,203 145,754
CURRENT ASSETS
Stocks 6 202,905 92,143
Debtors 7 401,377 486,585
Cash at bank and in hand 596,858 180,239
1,201,140 758,967
Creditors: Amounts Falling Due Within One Year 8 (994,394 ) (642,026 )
NET CURRENT ASSETS (LIABILITIES) 206,746 116,941
TOTAL ASSETS LESS CURRENT LIABILITIES 403,949 262,695
Creditors: Amounts Falling Due After More Than One Year 9 (181,754 ) (80,302 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,300 ) (36,438 )
NET ASSETS 172,895 145,955
CAPITAL AND RESERVES
Called up share capital 11 200 200
Income Statement 172,695 145,755
SHAREHOLDERS' FUNDS 172,895 145,955
Page 1
Page 2
For the year ending 30 November 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 R Bridge
Director
Mr S A Marra
Director
Mr M Todd
Director
11 March 2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vending Sense Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10175680 . The registered office is Finance House, 20/21 Aviation Way, Southend on Sea, Essex, SS2 6UN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
There was a change in depreciation policies this year, therefore comparative figures do not agree.
2.2. Turnover
Revenue consists of revenue earned less value added tax in the year from the sale, rental, servicing and stocking of vending machines.
Revenue is recognised when earned. Revenue is earned when the following criteria are met:
· A sales agreement has been signed
· Delivery and installation has occurred and/or services have been rendered in accordance with the contract or agreement
· The price is fixed or determinable; and
· The collectability is reasonably assured
Revenue accruals are based principally on timing differences on customer billings that are in arrears. Deferred income is based principally on timing differences on customer billings that are in advance. Deferred income is the net of rebates and discounts.
2.3. Research and Development
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. 
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Development costs 5 Years Straight Line
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. It is the policy of the company to only capitalise assets with an initial cost of >£500.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & Machinery 6 Years Straight Line
Motor Vehicles 5 Years Straight Line
Fixtures & Fittings 5 Years Straight Line
Computer Equipment 5 Years Straight Line
Page 3
Page 4
2.5. Leasing and Hire Purchase Contracts
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. 
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed. 
2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Page 4
Page 5
2.8. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.9. Pensions
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.10. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
2.11. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
2.12. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.13. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. 
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2023: 22)
30 22
Page 5
Page 6
4. Intangible Assets
Website Costs
£
Cost
As at 1 December 2023 29,400
As at 30 November 2024 29,400
Amortisation
As at 1 December 2023 29,400
As at 30 November 2024 29,400
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 -
Page 6
Page 7
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 98,060 62,994 54,093 22,159 237,306
Additions 71,750 - 9,861 23,512 105,123
As at 30 November 2024 169,810 62,994 63,954 45,671 342,429
Depreciation
As at 1 December 2023 39,822 22,300 21,813 7,617 91,552
Provided during the period 20,433 13,092 11,912 8,237 53,674
As at 30 November 2024 60,255 35,392 33,725 15,854 145,226
Net Book Value
As at 30 November 2024 109,555 27,602 30,229 29,817 197,203
As at 1 December 2023 58,238 40,694 32,280 14,542 145,754
6. Stocks
2024 2023
£ £
Stock 202,905 92,143
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 379,241 399,815
Other debtors 22,136 86,770
401,377 486,585
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,664 14,082
Trade creditors 550,664 407,902
Bank loans and overdrafts 99,852 32,753
Other creditors 80,591 22,836
Taxation and social security 249,623 164,453
994,394 642,026
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,199 25,863
Bank loans 169,555 54,439
181,754 80,302
Page 7
Page 8
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,664 14,082
Later than one year and not later than five years 12,199 25,863
25,863 39,945
25,863 39,945
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
95 Ordinary A shares of £ 1.00 each 95 95
95 Ordinary B shares of £ 1.00 each 95 95
5 Ordinary C shares of £ 1.00 each 5 5
5 Ordinary D shares of £ 1.00 each 5 5
200 200
Page 8