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 09195341 Liam Peake Emily Fairholme Callum William iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09195341 2023-08-31 09195341 2024-08-31 09195341 2023-09-01 2024-08-31 09195341 frs-core:CurrentFinancialInstruments 2024-08-31 09195341 frs-core:Non-currentFinancialInstruments 2024-08-31 09195341 frs-core:BetweenOneFiveYears 2024-08-31 09195341 frs-core:ComputerEquipment 2024-08-31 09195341 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09195341 frs-core:ComputerEquipment 2023-08-31 09195341 frs-core:NetGoodwill 2024-08-31 09195341 frs-core:NetGoodwill 2023-09-01 2024-08-31 09195341 frs-core:NetGoodwill 2023-08-31 09195341 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 09195341 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09195341 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 09195341 frs-core:MotorVehicles 2024-08-31 09195341 frs-core:MotorVehicles 2023-09-01 2024-08-31 09195341 frs-core:MotorVehicles 2023-08-31 09195341 frs-core:PlantMachinery 2024-08-31 09195341 frs-core:PlantMachinery 2023-09-01 2024-08-31 09195341 frs-core:PlantMachinery 2023-08-31 09195341 frs-core:WithinOneYear 2024-08-31 09195341 frs-core:ShareCapital 2024-08-31 09195341 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09195341 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09195341 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09195341 frs-bus:SmallEntities 2023-09-01 2024-08-31 09195341 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09195341 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09195341 frs-bus:Director1 2023-09-01 2024-08-31 09195341 frs-bus:Director2 2023-09-01 2024-08-31 09195341 frs-bus:Director3 2023-09-01 2024-08-31 09195341 frs-countries:EnglandWales 2023-09-01 2024-08-31 09195341 2022-08-31 09195341 2023-08-31 09195341 2022-09-01 2023-08-31 09195341 frs-core:CurrentFinancialInstruments 2023-08-31 09195341 frs-core:Non-currentFinancialInstruments 2023-08-31 09195341 frs-core:BetweenOneFiveYears 2023-08-31 09195341 frs-core:ComputerEquipment 2022-09-01 2023-08-31 09195341 frs-core:MotorVehicles 2022-09-01 2023-08-31 09195341 frs-core:WithinOneYear 2023-08-31 09195341 frs-core:ShareCapital 2023-08-31 09195341 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09195341
Veo Events Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
striveX Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09195341
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 178,088 212,693
178,088 212,693
CURRENT ASSETS
Debtors 6 106,695 116,985
Cash at bank and in hand 123,198 69,235
229,893 186,220
Creditors: Amounts Falling Due Within One Year 7 (268,473 ) (253,744 )
NET CURRENT ASSETS (LIABILITIES) (38,580 ) (67,524 )
TOTAL ASSETS LESS CURRENT LIABILITIES 139,508 145,169
Creditors: Amounts Falling Due After More Than One Year 8 (50,609 ) (95,889 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (38,252 ) (25,551 )
NET ASSETS 50,647 23,729
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 49,647 22,729
SHAREHOLDERS' FUNDS 50,647 23,729
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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.
On behalf of the board
Liam Peake
Director
19/03/2025
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
Veo Events Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09195341 . The registered office is Unit 1 Childs Court Farm, Ashampstead, Reading, RG8 8QT.
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 on a systematic basis over its expected life.
2.4. 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:
Freehold 20% Reducing Balance
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 21)
15 21
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 11,000
As at 31 August 2024 11,000
Amortisation
As at 1 September 2023 11,000
As at 31 August 2024 11,000
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 13,051 331,340 120,525 21,107 486,023
Additions 13,688 23,414 - - 37,102
As at 31 August 2024 26,739 354,754 120,525 21,107 523,125
Depreciation
As at 1 September 2023 5,339 224,438 34,080 9,473 273,330
Provided during the period 4,280 42,908 21,611 2,908 71,707
As at 31 August 2024 9,619 267,346 55,691 12,381 345,037
Net Book Value
As at 31 August 2024 17,120 87,408 64,834 8,726 178,088
As at 1 September 2023 7,712 106,902 86,445 11,634 212,693
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 98,914 86,445
Computer Equipment 4,975 4,475
103,889 90,920
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 94,050 76,335
Prepayments and accrued income 12,645 10,738
Other debtors - 29,912
106,695 116,985
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,747 33,753
Trade creditors 23,248 21,515
Bank loans and overdrafts 8,333 37,235
Other taxes and social security 5,102 10,959
VAT 42,408 47,012
Other creditors 40,572 28,356
Accruals and deferred income 77,899 43,651
Directors' loan accounts 37,164 31,263
268,473 253,744
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 40,609 74,228
Bank loans 10,000 21,661
50,609 95,889
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 38,252 25,551
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 94,479 37,923
Later than one year and not later than five years 174,410 111,456
268,889 149,379
12. Related Party Transactions
During the year Liam Peake received £14,845.20 (2023 - 14,845.20) from the the company. The amount owed by the company at the end of the year totalled 30,539.60 (2023 - 31,072.80).
Emily Fairholme did not receive any payments (2023 - £Nil), and the amount owed to her by the company at the end of the year was £1,312 (2023 - £Nil).
Callum Walton did not receive any payments (2023 - £Nil), and the amount owed to her by the company at the end of the year was £5,312 (2023 - £Nil).
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