Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 November 2023 false 1 April 2024 31 March 2025 31 March 2025 12983995 Mr Justin Cottrell Mr Nicolas Cottrell Mrs Nicole Cottrell Mr Thomas Beard Mr Adam Sole Mr Rupert Cottrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12983995 2024-03-31 12983995 2025-03-31 12983995 2024-04-01 2025-03-31 12983995 frs-core:CurrentFinancialInstruments 2025-03-31 12983995 frs-core:Non-currentFinancialInstruments 2025-03-31 12983995 frs-core:ComputerEquipment 2025-03-31 12983995 frs-core:ComputerEquipment 2024-04-01 2025-03-31 12983995 frs-core:ComputerEquipment 2024-03-31 12983995 frs-core:FurnitureFittings 2025-03-31 12983995 frs-core:FurnitureFittings 2024-04-01 2025-03-31 12983995 frs-core:FurnitureFittings 2024-03-31 12983995 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 12983995 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 12983995 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 12983995 frs-core:ShareCapital 2025-03-31 12983995 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12983995 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12983995 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12983995 frs-bus:SmallEntities 2024-04-01 2025-03-31 12983995 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12983995 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12983995 frs-bus:Director1 2024-04-01 2025-03-31 12983995 frs-bus:Director2 2024-04-01 2025-03-31 12983995 frs-bus:Director3 2024-04-01 2025-03-31 12983995 frs-bus:Director4 2024-04-01 2025-03-31 12983995 frs-bus:Director5 2024-04-01 2025-03-31 12983995 frs-bus:Director6 2024-04-01 2025-03-31 12983995 frs-countries:EnglandWales 2024-04-01 2025-03-31 12983995 2023-10-31 12983995 2024-03-31 12983995 2023-11-01 2024-03-31 12983995 frs-core:CurrentFinancialInstruments 2024-03-31 12983995 frs-core:Non-currentFinancialInstruments 2024-03-31 12983995 frs-core:ShareCapital 2024-03-31 12983995 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 12983995
V2 Radio Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Shore Accounting Ltd
4 Mason's Yard
177 Westbourne Street
Hove
BN3 5FB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12983995
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,171 8,277
4,171 8,277
CURRENT ASSETS
Debtors 5 56,322 49,154
Cash at bank and in hand 11,497 5,378
67,819 54,532
Creditors: Amounts Falling Due Within One Year 6 (205,180 ) (317,796 )
NET CURRENT ASSETS (LIABILITIES) (137,361 ) (263,264 )
TOTAL ASSETS LESS CURRENT LIABILITIES (133,190 ) (254,987 )
Creditors: Amounts Falling Due After More Than One Year 7 (8,402 ) -
NET LIABILITIES (141,592 ) (254,987 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (141,594 ) (254,989 )
SHAREHOLDERS' FUNDS (141,592) (254,987)
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
Mr Justin Cottrell
Director
13/05/2025
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
V2 Radio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12983995 . The registered office is 4 Mason's Yard, 177 Westbourne Street, Hove, East Sussex, BN3 5FB.
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. 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:
Leasehold 10% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 8)
10 8
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 1,510 1,179 27,146 29,835
Additions - - 2,747 2,747
As at 31 March 2025 1,510 1,179 29,893 32,582
Depreciation
As at 1 April 2024 478 958 20,122 21,558
Provided during the period 151 221 6,481 6,853
As at 31 March 2025 629 1,179 26,603 28,411
Net Book Value
As at 31 March 2025 881 - 3,290 4,171
As at 1 April 2024 1,032 221 7,024 8,277
Page 2
Page 3
5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 44,548 45,893
Other debtors 11,774 3,261
56,322 49,154
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 16,161 15,361
Amounts owed to participating interests 12,000 40,400
Other creditors 135,452 242,625
Taxation and social security 41,567 19,410
205,180 317,796
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Other creditors 8,402 -
8. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 2 2
Page 3