Acorah Software Products - Accounts Production 16.2.800 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12178576 Mr Ionut-Florin VISOVAN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12178576 2023-08-31 12178576 2024-08-31 12178576 2023-09-01 2024-08-31 12178576 frs-core:CurrentFinancialInstruments 2024-08-31 12178576 frs-core:Non-currentFinancialInstruments 2024-08-31 12178576 frs-core:ComputerEquipment 2024-08-31 12178576 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12178576 frs-core:ComputerEquipment 2023-08-31 12178576 frs-core:MotorVehicles 2024-08-31 12178576 frs-core:MotorVehicles 2023-09-01 2024-08-31 12178576 frs-core:MotorVehicles 2023-08-31 12178576 frs-core:ShareCapital 2024-08-31 12178576 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12178576 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12178576 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12178576 frs-bus:SmallEntities 2023-09-01 2024-08-31 12178576 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12178576 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12178576 frs-bus:Director1 2023-09-01 2024-08-31 12178576 frs-bus:Director1 2023-08-31 12178576 frs-bus:Director1 2024-08-31 12178576 frs-countries:EnglandWales 2023-09-01 2024-08-31 12178576 2022-08-31 12178576 2023-08-31 12178576 2022-09-01 2023-08-31 12178576 frs-core:CurrentFinancialInstruments 2023-08-31 12178576 frs-core:Non-currentFinancialInstruments 2023-08-31 12178576 frs-core:ShareCapital 2023-08-31 12178576 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12178576
VISOVAN DRIVING SOLUTIONS LTD
Unaudited Financial Statements
For The Year Ended 31 August 2024
67 Meridian Centre
Havant
Hampshire
PO9 1UN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12178576
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 7,885
- 7,885
CURRENT ASSETS
Debtors 5 7,224 14,894
Cash at bank and in hand 9,310 88
16,534 14,982
Creditors: Amounts Falling Due Within One Year 6 (13,697 ) (11,011 )
NET CURRENT ASSETS (LIABILITIES) 2,837 3,971
TOTAL ASSETS LESS CURRENT LIABILITIES 2,837 11,856
Creditors: Amounts Falling Due After More Than One Year 7 (5,645 ) (6,473 )
NET (LIABILITIES)/ASSETS (2,808 ) 5,383
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (2,809 ) 5,382
SHAREHOLDERS' FUNDS (2,808) 5,383
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 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 Ionut-Florin VISOVAN
Director
01/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VISOVAN DRIVING SOLUTIONS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12178576 . The registered office is 8 Harrowby Road, Birkenhead, England, CH42 7HU.
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. 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:
Motor Vehicles 18
Computer Equipment 18
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 14,811 76 14,887
Additions - (76 ) (76 )
As at 31 August 2024 14,811 - 14,811
Depreciation
As at 1 September 2023 7,002 - 7,002
Provided during the period 7,809 76 7,885
Disposals - (76 ) (76 )
As at 31 August 2024 14,811 - 14,811
Net Book Value
As at 31 August 2024 - - -
As at 1 September 2023 7,809 76 7,885
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Director's loan account - 7,670
Due after more than one year
Trade debtors 7,224 7,224
7,224 14,894
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (4,206 ) (4,205 )
Bank loans and overdrafts 17,385 14,285
VAT 518 931
13,697 11,011
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,645 6,473
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Ionut-Florin VISOVAN 7,670 - 7,671 - -
The above loan is unsecured, interest free and repayable on demand.
Page 4