Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 December 2024 31 December 2024 12965514 Mr Nishant Raj Mr Thomas Dawes Mr Raman Talwar Mr Thomas Dawes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12965514 2023-10-31 12965514 2024-12-31 12965514 2023-11-01 2024-12-31 12965514 frs-core:CurrentFinancialInstruments 2024-12-31 12965514 frs-core:ShareCapital 2024-12-31 12965514 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12965514 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-12-31 12965514 frs-bus:FilletedAccounts 2023-11-01 2024-12-31 12965514 frs-bus:SmallEntities 2023-11-01 2024-12-31 12965514 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-12-31 12965514 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-12-31 12965514 frs-bus:Director1 2023-11-01 2024-12-31 12965514 frs-bus:Director2 2023-11-01 2024-12-31 12965514 frs-bus:Director3 2023-11-01 2024-12-31 12965514 frs-bus:CompanySecretary1 2023-11-01 2024-12-31 12965514 frs-countries:EnglandWales 2023-11-01 2024-12-31 12965514 2022-10-31 12965514 2023-10-31 12965514 2022-11-01 2023-10-31 12965514 frs-core:CurrentFinancialInstruments 2023-10-31 12965514 frs-core:ShareCapital 2023-10-31 12965514 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12965514
Virtual Learning Factory Ltd
Unaudited Financial Statements
For the Period 1 November 2023 to 31 December 2024
Nigel Ricks & Company Ltd
Chartered Accountants
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12965514
31 December 2024 31 October 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 63,866 73,873
Cash at bank and in hand 8,962 53,573
72,828 127,446
Creditors: Amounts Falling Due Within One Year 5 (78,436 ) (137,084 )
NET CURRENT ASSETS (LIABILITIES) (5,608 ) (9,638 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,608 ) (9,638 )
NET LIABILITIES (5,608 ) (9,638 )
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account (6,608 ) (10,638 )
SHAREHOLDERS' FUNDS (5,608) (9,638)
For the period ending 31 December 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 Thomas Dawes
Director
27th March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Virtual Learning Factory Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12965514 . The registered office is Rose Villa, 42 Glebe Street, Loughborough, Leicestershire, LE11 1JR.
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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2023: 2)
3 2
4. Debtors
31 December 2024 31 October 2023
£ £
Due within one year
Amounts owed by participating interests 52,966 63,661
Other debtors 10,900 10,212
63,866 73,873
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 October 2023
£ £
Trade creditors 216 450
Other loans - 44,660
Amounts owed to participating interests 72,200 72,200
Other creditors 5,900 17,803
Taxation and social security 120 1,971
78,436 137,084
6. Share Capital
31 December 2024 31 October 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Related Party Transactions
As at the balance sheet date, the company had a net balance due to related parties of £19,233.75 (2023: £72,200). The balance included the following:
Valuechain Technology Ltd £3,966.25 receivable as at 31 December 2024 (2023: Nil)
Digital Productivity Ltd £49,000 receivable as at 31st December 2024 (2023: £49,000)
Total receivable as at 31st December 2024 - £52,966.25
Next Generation AM Technologies Ltd £72,200 payable as at 31st December 2024 (2023: £57,200 payable)
Total payable as at 31st December 2024 - £72,200
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