Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12733210 Mr Benedikt Hirmer Mrs Maia Sasania iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12733210 2023-07-31 12733210 2024-07-31 12733210 2023-08-01 2024-07-31 12733210 frs-core:CurrentFinancialInstruments 2024-07-31 12733210 frs-core:Non-currentFinancialInstruments 2024-07-31 12733210 frs-core:ComputerEquipment 2024-07-31 12733210 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12733210 frs-core:ComputerEquipment 2023-07-31 12733210 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 12733210 frs-core:OtherResidualIntangibleAssets 2024-07-31 12733210 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 12733210 frs-core:OtherResidualIntangibleAssets 2023-07-31 12733210 frs-core:SharePremium 2024-07-31 12733210 frs-core:ShareCapital 2024-07-31 12733210 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12733210 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12733210 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12733210 frs-bus:SmallEntities 2023-08-01 2024-07-31 12733210 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12733210 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12733210 frs-bus:Director1 2023-08-01 2024-07-31 12733210 frs-bus:Director2 2023-08-01 2024-07-31 12733210 frs-countries:EnglandWales 2023-08-01 2024-07-31 12733210 2022-07-31 12733210 2023-07-31 12733210 2022-08-01 2023-07-31 12733210 frs-core:CurrentFinancialInstruments 2023-07-31 12733210 frs-core:Non-currentFinancialInstruments 2023-07-31 12733210 frs-core:SharePremium 2023-07-31 12733210 frs-core:ShareCapital 2023-07-31 12733210 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12733210
Vestico Ltd.
Unaudited Financial Statements
For The Year Ended 31 July 2024
Jenson Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12733210
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 402 487
Tangible Assets 5 1,219 3,127
1,621 3,614
CURRENT ASSETS
Debtors 6 5,550 5,123
Cash at bank and in hand 17,010 29,225
22,560 34,348
Creditors: Amounts Falling Due Within One Year 7 (12,002 ) (10,404 )
NET CURRENT ASSETS (LIABILITIES) 10,558 23,944
TOTAL ASSETS LESS CURRENT LIABILITIES 12,179 27,558
Creditors: Amounts Falling Due After More Than One Year 8 - (13,200 )
NET ASSETS 12,179 14,358
CAPITAL AND RESERVES
Called up share capital 9 13 13
Share premium account 128,500 128,500
Profit and Loss Account (116,334 ) (114,155 )
SHAREHOLDERS' FUNDS 12,179 14,358
Page 1
Page 2
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 Benedikt Hirmer
Director
17/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vestico Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 12733210 . The registered office is Covent Garden, 71-75 Shelton Street, London, WC2H 9JQ.
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 - Other Intangible
Other intangible assets are Registered TradeMarks.  They are amortised to Profit and Loss Account over their estimated economic life of 7 years.
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:
Computer Equipment 3 years
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 600
As at 31 July 2024 600
Amortisation
As at 1 August 2023 113
Provided during the period 85
As at 31 July 2024 198
...CONTINUED
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Net Book Value
As at 31 July 2024 402
As at 1 August 2023 487
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 5,725
As at 31 July 2024 5,725
Depreciation
As at 1 August 2023 2,598
Provided during the period 1,908
As at 31 July 2024 4,506
Net Book Value
As at 31 July 2024 1,219
As at 1 August 2023 3,127
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,875 57
Prepayments and accrued income - 2,424
VAT 430 2,642
Other taxes and social security 3,245 -
5,550 5,123
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,490 3,737
Other taxes and social security - 5,575
Net wages 4,255 -
Other creditors 257 1,092
12,002 10,404
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account - 13,200
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 13 13
Page 5