Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10934238 Mr Daniel Archer Mr Lawrence Meigs Mr David Ritterling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10934238 2023-08-31 10934238 2024-08-31 10934238 2023-09-01 2024-08-31 10934238 frs-core:CurrentFinancialInstruments 2024-08-31 10934238 frs-core:Non-currentFinancialInstruments 2024-08-31 10934238 frs-core:ComputerEquipment 2024-08-31 10934238 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10934238 frs-core:ComputerEquipment 2023-08-31 10934238 frs-core:FurnitureFittings 2024-08-31 10934238 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10934238 frs-core:FurnitureFittings 2023-08-31 10934238 frs-core:ShareCapital 2024-08-31 10934238 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10934238 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10934238 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10934238 frs-bus:SmallEntities 2023-09-01 2024-08-31 10934238 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10934238 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10934238 frs-bus:Director1 2023-09-01 2024-08-31 10934238 frs-bus:Director2 2023-09-01 2024-08-31 10934238 frs-bus:Director3 2023-09-01 2024-08-31 10934238 frs-countries:EnglandWales 2023-09-01 2024-08-31 10934238 2022-08-31 10934238 2023-08-31 10934238 2022-09-01 2023-08-31 10934238 frs-core:CurrentFinancialInstruments 2023-08-31 10934238 frs-core:Non-currentFinancialInstruments 2023-08-31 10934238 frs-core:ShareCapital 2023-08-31 10934238 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10934238
Visiting Angels Living Assistance Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10934238
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,854 4,706
18,854 4,706
CURRENT ASSETS
Debtors 5 380,703 279,237
Cash at bank and in hand 60,183 80,987
440,886 360,224
Creditors: Amounts Falling Due Within One Year 6 (382,019 ) (273,215 )
NET CURRENT ASSETS (LIABILITIES) 58,867 87,009
TOTAL ASSETS LESS CURRENT LIABILITIES 77,721 91,715
Creditors: Amounts Falling Due After More Than One Year 7 (622,373 ) (572,235 )
NET LIABILITIES (544,652 ) (480,520 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (544,653 ) (480,521 )
SHAREHOLDERS' FUNDS (544,652) (480,520)
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 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 Daniel Archer
Director
09/04/2025
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
Visiting Angels Living Assistance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10934238 . The registered office is D82-1 Newton Chambers Road, Thorncliffe Business Park, Sheffield, South Yorkshire, S35 2PH.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Reducing balance
2.4. 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 measure 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 arrangement 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.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.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement 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, bank loans and loans from fellow group companies 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.
...CONTINUED
Page 3
Page 4
2.4. Financial Instruments - continued
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.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividend payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies 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.
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 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.
2.6. 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: 10 (2023: 6)
10 6
Page 4
Page 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 4,048 9,103 13,151
Additions 15,644 2,970 18,614
As at 31 August 2024 19,692 12,073 31,765
Depreciation
As at 1 September 2023 2,514 5,931 8,445
Provided during the period 2,920 1,546 4,466
As at 31 August 2024 5,434 7,477 12,911
Net Book Value
As at 31 August 2024 14,258 4,596 18,854
As at 1 September 2023 1,534 3,172 4,706
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 75,579 164,634
Other debtors 300,911 110,490
376,490 275,124
Due after more than one year
Other debtors 4,213 4,113
380,703 279,237
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 298,304 214,865
Other creditors 36,671 2,050
Taxation and social security 47,044 56,300
382,019 273,215
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 622,373 572,235
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5