Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06970399 Mrs F E Parker-Boothroyd Mr L T Parker-Boothroyd Veni Vedi Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06970399 2023-08-31 06970399 2024-08-31 06970399 2023-09-01 2024-08-31 06970399 frs-core:CurrentFinancialInstruments 2024-08-31 06970399 frs-core:Non-currentFinancialInstruments 2024-08-31 06970399 frs-core:BetweenOneFiveYears 2024-08-31 06970399 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 06970399 frs-core:FurnitureFittings 2024-08-31 06970399 frs-core:FurnitureFittings 2023-09-01 2024-08-31 06970399 frs-core:FurnitureFittings 2023-08-31 06970399 frs-core:MotorVehicles 2024-08-31 06970399 frs-core:MotorVehicles 2023-09-01 2024-08-31 06970399 frs-core:MotorVehicles 2023-08-31 06970399 frs-core:OtherResidualIntangibleAssets 2024-08-31 06970399 frs-core:OtherResidualIntangibleAssets 2023-08-31 06970399 frs-core:PlantMachinery 2024-08-31 06970399 frs-core:PlantMachinery 2023-09-01 2024-08-31 06970399 frs-core:PlantMachinery 2023-08-31 06970399 frs-core:WithinOneYear 2024-08-31 06970399 frs-core:ShareCapital 2024-08-31 06970399 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06970399 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06970399 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06970399 frs-bus:SmallEntities 2023-09-01 2024-08-31 06970399 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06970399 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06970399 1 2023-09-01 2024-08-31 06970399 frs-bus:Director1 2023-09-01 2024-08-31 06970399 frs-bus:Director2 2023-09-01 2024-08-31 06970399 frs-countries:EnglandWales 2023-09-01 2024-08-31 06970399 2022-08-31 06970399 2023-08-31 06970399 2022-09-01 2023-08-31 06970399 frs-core:CurrentFinancialInstruments 2023-08-31 06970399 frs-core:Non-currentFinancialInstruments 2023-08-31 06970399 frs-core:BetweenOneFiveYears 2023-08-31 06970399 frs-core:WithinOneYear 2023-08-31 06970399 frs-core:ShareCapital 2023-08-31 06970399 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06970399
Veni Vidi Medical Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06970399
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 83,782 111,040
83,782 111,040
CURRENT ASSETS
Stocks 6 174,239 97,298
Debtors 7 505,576 328,790
Cash at bank and in hand 213,160 365,731
892,975 791,819
Creditors: Amounts Falling Due Within One Year 8 (454,594 ) (415,151 )
NET CURRENT ASSETS (LIABILITIES) 438,381 376,668
TOTAL ASSETS LESS CURRENT LIABILITIES 522,163 487,708
Creditors: Amounts Falling Due After More Than One Year 9 (34,982 ) (61,966 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,815 ) (785 )
NET ASSETS 484,366 424,957
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 484,266 424,857
SHAREHOLDERS' FUNDS 484,366 424,957
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
Mrs F E Parker-Boothroyd
Director
10th February 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Veni Vidi Medical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06970399 . The registered office is D159 Dean Clough Mills, Halifax, HX3 5AX.
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.
Turnover is recognised upon the provision of goods and services.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are fully amortised.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
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. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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 that have been incurred in bringing the stocks to their present location and condition. 
Stocks are held for distribution at no or normal consideration and are measures at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. 
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
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.
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.
2.8. Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominiated in the foreign currencies are retransalated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit and loss. 
2.9. Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expenses as they fall due. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
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4. Intangible Assets
Other
£
Cost
As at 1 September 2023 997
As at 31 August 2024 997
Amortisation
As at 1 September 2023 997
As at 31 August 2024 997
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 28,005 157,557 24,521 210,083
As at 31 August 2024 28,005 157,557 24,521 210,083
Depreciation
As at 1 September 2023 13,304 68,932 16,807 99,043
Provided during the period 3,560 22,156 1,542 27,258
As at 31 August 2024 16,864 91,088 18,349 126,301
Net Book Value
As at 31 August 2024 11,141 66,469 6,172 83,782
As at 1 September 2023 14,701 88,625 7,714 111,040
6. Stocks
2024 2023
£ £
Stock 174,239 97,298
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 255,787 285,774
Amounts owed by group undertakings 20,000 20,000
Amounts owed by participating interests 90,000 -
Other debtors 139,789 23,016
505,576 328,790
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,678 16,678
Trade creditors 198,828 198,562
Bank loans and overdrafts 10,000 10,000
Other creditors 3,439 7,017
Taxation and social security 225,649 182,894
454,594 415,151
The assets held under hire purchase agreements are securred on the assets to which they relate.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,249 42,800
Bank loans 6,733 19,166
34,982 61,966
The assets held under hire purchase agreements are securred on the assets to which they relate.
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,678 16,678
Later than one year and not later than five years 28,249 42,800
44,927 59,478
44,927 59,478
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Ultimate Controlling Party
The company's ultimate controlling party is Veni Vedi Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.
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