Acorah Software Products - Accounts Production 16.1.300 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09118157 Mr Philip Lobbett Mrs Wendy Lobbett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09118157 2023-07-31 09118157 2024-07-31 09118157 2023-08-01 2024-07-31 09118157 frs-core:CurrentFinancialInstruments 2024-07-31 09118157 frs-core:Non-currentFinancialInstruments 2024-07-31 09118157 frs-core:FurnitureFittings 2024-07-31 09118157 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09118157 frs-core:FurnitureFittings 2023-07-31 09118157 frs-core:ShareCapital 2024-07-31 09118157 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09118157 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09118157 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09118157 frs-bus:SmallEntities 2023-08-01 2024-07-31 09118157 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09118157 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09118157 frs-bus:Director1 2023-08-01 2024-07-31 09118157 frs-bus:Director2 2023-08-01 2024-07-31 09118157 frs-countries:EnglandWales 2023-08-01 2024-07-31 09118157 2022-07-31 09118157 2023-07-31 09118157 2022-08-01 2023-07-31 09118157 frs-core:CurrentFinancialInstruments 2023-07-31 09118157 frs-core:Non-currentFinancialInstruments 2023-07-31 09118157 frs-core:ShareCapital 2023-07-31 09118157 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Veronica Vine Limited
Financial Statements
For The Year Ended 31 July 2024
TaxAssist Accountants
133 Station Road
Sidcup
DA15 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09118157
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 - 300
Cash at bank and in hand 169 11
169 311
Creditors: Amounts Falling Due Within One Year 6 (79,775 ) (74,937 )
NET CURRENT ASSETS (LIABILITIES) (79,606 ) (74,626 )
TOTAL ASSETS LESS CURRENT LIABILITIES (79,606 ) (74,626 )
Creditors: Amounts Falling Due After More Than One Year 7 - (1,801 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (152 )
NET LIABILITIES (79,606 ) (76,579 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (79,706 ) (76,679 )
SHAREHOLDERS' FUNDS (79,606) (76,579)
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For the year ending 31 July 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
Mr Philip Lobbett
Director
8 April 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
Veronica Vine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09118157 . The registered office is Driftwood, Connaught Road, Folkestone, Kent, CT20 1DA.
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.
2.2. Going Concern Disclosure
The directors have confirmed that they will continue to support the company until such time as it is profitable.
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:
Fixtures & Fittings 25% Straight line
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 year 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.
...CONTINUED
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2.5. Taxation - continued
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 asset reflects 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: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 20,582
As at 31 July 2024 20,582
Depreciation
As at 1 August 2023 20,582
As at 31 July 2024 20,582
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Stocks
2024 2023
£ £
Stock - 300
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 724 724
Accruals and deferred income 1,200 1,559
Directors' loan accounts 77,851 72,654
79,775 74,937
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 1,801
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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