Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 14462344 Mr F A Calcioli Mr A J Hollom iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14462344 2023-11-30 14462344 2024-11-30 14462344 2023-12-01 2024-11-30 14462344 frs-core:CurrentFinancialInstruments 2024-11-30 14462344 frs-core:PlantMachinery 2024-11-30 14462344 frs-core:PlantMachinery 2023-12-01 2024-11-30 14462344 frs-core:PlantMachinery 2023-11-30 14462344 frs-core:ShareCapital 2024-11-30 14462344 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 14462344 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14462344 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 14462344 frs-bus:SmallEntities 2023-12-01 2024-11-30 14462344 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14462344 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14462344 frs-bus:Director1 2023-12-01 2024-11-30 14462344 frs-bus:Director2 2023-12-01 2024-11-30 14462344 frs-countries:EnglandWales 2023-12-01 2024-11-30 14462344 2022-11-30 14462344 2023-11-30 14462344 2022-12-01 2023-11-30 14462344 frs-core:CurrentFinancialInstruments 2023-11-30 14462344 frs-core:ShareCapital 2023-11-30 14462344 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 14462344
VMS Print Limited
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14462344
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,301 4,896
12,301 4,896
CURRENT ASSETS
Stocks 5 1,516 1,524
Debtors 6 1,847 6
Cash at bank and in hand 18,706 14,258
22,069 15,788
Creditors: Amounts Falling Due Within One Year 7 (10,825 ) (8,422 )
NET CURRENT ASSETS (LIABILITIES) 11,244 7,366
TOTAL ASSETS LESS CURRENT LIABILITIES 23,545 12,262
NET ASSETS 23,545 12,262
CAPITAL AND RESERVES
Called up share capital 8 7 7
Profit and Loss Account 23,538 12,255
SHAREHOLDERS' FUNDS 23,545 12,262
Page 1
Page 2
For the year ending 30 November 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 F A Calcioli
Director
Mr A J Hollom
Director
17 April 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
VMS Print Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14462344 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
The company's principal activity continues to be that of printing labels.
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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
  • the Company has transferred the significant risks and rewards of ownership to the buyer;
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured 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:
Plant & Machinery 15% Reducing balance
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. Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Page 3
Page 4
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.
2.7. 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.
Current 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.
2.8. Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.9. Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2023 5,760
Additions 9,575
As at 30 November 2024 15,335
Depreciation
As at 1 December 2023 864
Provided during the period 2,170
As at 30 November 2024 3,034
Net Book Value
As at 30 November 2024 12,301
As at 1 December 2023 4,896
Page 4
Page 5
5. Stocks
2024 2023
£ £
Raw materials and consumables 1,516 1,524
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,841 -
Other debtors 6 6
1,847 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,628 1,995
Other creditors 1,609 2,350
Taxation and social security 7,588 4,077
10,825 8,422
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 7 7
9. Directors Advances, Credits and Guarantees
Included in other debtors due within one year is a loan to the director, Mr F Calcioli amounting to £1.
The above loan is unsecured, interest free and repayable on demand.
Page 5