Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05086493 C E Truman E J Kingston E J Kingston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05086493 2024-03-31 05086493 2025-03-31 05086493 2024-04-01 2025-03-31 05086493 frs-core:CurrentFinancialInstruments 2025-03-31 05086493 frs-core:Non-currentFinancialInstruments 2025-03-31 05086493 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 05086493 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 05086493 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 05086493 frs-core:FurnitureFittings 2025-03-31 05086493 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05086493 frs-core:FurnitureFittings 2024-03-31 05086493 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 05086493 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 05086493 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 05086493 frs-core:MotorVehicles 2025-03-31 05086493 frs-core:MotorVehicles 2024-04-01 2025-03-31 05086493 frs-core:MotorVehicles 2024-03-31 05086493 frs-core:PlantMachinery 2025-03-31 05086493 frs-core:PlantMachinery 2024-04-01 2025-03-31 05086493 frs-core:PlantMachinery 2024-03-31 05086493 frs-core:ShareCapital 2025-03-31 05086493 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05086493 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05086493 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05086493 frs-bus:SmallEntities 2024-04-01 2025-03-31 05086493 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05086493 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05086493 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 05086493 frs-bus:OrdinaryShareClass1 2025-03-31 05086493 frs-bus:OrdinaryShareClass2 2024-04-01 2025-03-31 05086493 frs-bus:OrdinaryShareClass2 2025-03-31 05086493 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 05086493 frs-bus:OrdinaryShareClass3 2025-03-31 05086493 frs-bus:Director1 2024-04-01 2025-03-31 05086493 frs-bus:Director1 2024-03-31 05086493 frs-bus:Director1 2025-03-31 05086493 frs-bus:Director2 2024-04-01 2025-03-31 05086493 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 05086493 frs-countries:EnglandWales 2024-04-01 2025-03-31 05086493 2023-03-31 05086493 2024-03-31 05086493 2023-04-01 2024-03-31 05086493 frs-core:CurrentFinancialInstruments 2024-03-31 05086493 frs-core:Non-currentFinancialInstruments 2024-03-31 05086493 frs-core:MotorVehicles 2023-04-01 2024-03-31 05086493 frs-core:ShareCapital 2024-03-31 05086493 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05086493 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05086493 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 05086493 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31
Registered number: 05086493
Veqter Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05086493
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 627,646 713,816
Tangible Assets 5 59,055 94,623
686,701 808,439
CURRENT ASSETS
Debtors 6 524,665 251,408
Cash at bank and in hand 343,483 97,821
868,148 349,229
Creditors: Amounts Falling Due Within One Year 7 (366,947 ) (169,382 )
NET CURRENT ASSETS (LIABILITIES) 501,201 179,847
TOTAL ASSETS LESS CURRENT LIABILITIES 1,187,902 988,286
Creditors: Amounts Falling Due After More Than One Year 8 (136,903 ) (181,281 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,548 ) -
NET ASSETS 1,036,451 807,005
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 1,036,251 806,805
SHAREHOLDERS' FUNDS 1,036,451 807,005
Page 1
Page 2
For the year ending 31 March 2025 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
E J Kingston
Director
06/05/2025
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
Veqter Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05086493 . The registered office is 8 Unicorn Business Park Whitby Road, Brislington, Bristol, BS4 4EX.
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 and represents the amount receivable for goods supplied, net of returns, discounts, valued added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are being amortised evenly over their estimated useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Depreciation is provided on the following basis:
Improvements to Property 10% per annum on cost
Plant & Machinery 10% per annum on cost
Motor Vehicles 25% per annum on net book amount
Fixtures & Fittings 50% per annum on net book amount and 25% on cost
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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. 

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. 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.
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2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.9. Research and Development
Expenditure on research and development is written off in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.
2.10. Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.11. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 11)
11 11
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2024 1,734,202
As at 31 March 2025 1,734,202
Amortisation
As at 1 April 2024 1,020,386
Provided during the period 86,170
As at 31 March 2025 1,106,556
...CONTINUED
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Net Book Value
As at 31 March 2025 627,646
As at 1 April 2024 713,816
5. Tangible Assets
Land & Property
Improvements to Property Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 70,335 448,243 64,482 65,241 648,301
Additions - 1,640 - 4,088 5,728
As at 31 March 2025 70,335 449,883 64,482 69,329 654,029
Depreciation
As at 1 April 2024 63,305 392,563 37,279 60,531 553,678
Provided during the period 7,030 23,206 6,801 4,259 41,296
As at 31 March 2025 70,335 415,769 44,080 64,790 594,974
Net Book Value
As at 31 March 2025 - 34,114 20,402 4,539 59,055
As at 1 April 2024 7,030 55,680 27,203 4,710 94,623
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 20,402 27,203
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 356,177 163,241
Other debtors 45,973 47,005
402,150 210,246
Due after more than one year
Other debtors 122,515 41,162
524,665 251,408
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 38,683 64,572
Bank loans and overdrafts 33,028 33,028
Hire purchase 7,616 7,616
Other creditors 53,091 57,506
Taxation and social security 234,529 6,660
366,947 169,382
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 82,825 119,640
Hire purchase and other loans 25,607 33,170
Other creditors 28,471 28,471
136,903 181,281
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
0 Ordinary Shares of £ 0.00 each - 200
1,350 Ordinary A shares of £ 0.10 each 135 -
650 Ordinary B shares of £ 0.10 each 65 -
200 200
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Dr Edward Kingston 41,162 124,193 (42,840 ) - 122,515
The above loan is unsecured, interest free and repayable on demand. 
11. Related Party Transactions
Included in creditors due after more than one year is £28,471 (2024: £28,471), this amount is owed to the directors of the company. The loan is unsecured, interest free and repayable on demand.
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