Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 02935435 Mr Duncan Field Mrs Claire Field Mrs Marsha Waite Mrs Marsha Waite iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02935435 2023-10-31 02935435 2024-10-31 02935435 2023-11-01 2024-10-31 02935435 frs-core:CurrentFinancialInstruments 2024-10-31 02935435 frs-core:ComputerEquipment 2024-10-31 02935435 frs-core:ComputerEquipment 2023-11-01 2024-10-31 02935435 frs-core:ComputerEquipment 2023-10-31 02935435 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 02935435 frs-core:FurnitureFittings 2024-10-31 02935435 frs-core:FurnitureFittings 2023-11-01 2024-10-31 02935435 frs-core:FurnitureFittings 2023-10-31 02935435 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 02935435 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02935435 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 02935435 frs-core:MotorVehicles 2024-10-31 02935435 frs-core:MotorVehicles 2023-11-01 2024-10-31 02935435 frs-core:MotorVehicles 2023-10-31 02935435 frs-core:OtherResidualIntangibleAssets 2024-10-31 02935435 frs-core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 02935435 frs-core:OtherResidualIntangibleAssets 2023-10-31 02935435 frs-core:PlantMachinery 2024-10-31 02935435 frs-core:PlantMachinery 2023-11-01 2024-10-31 02935435 frs-core:PlantMachinery 2023-10-31 02935435 frs-core:ShareCapital 2024-10-31 02935435 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02935435 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02935435 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 02935435 frs-bus:SmallEntities 2023-11-01 2024-10-31 02935435 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02935435 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02935435 frs-bus:Director1 2023-11-01 2024-10-31 02935435 frs-bus:Director2 2023-11-01 2024-10-31 02935435 frs-bus:Director3 2023-11-01 2024-10-31 02935435 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 02935435 frs-core:CurrentFinancialInstruments 1 2024-10-31 02935435 frs-countries:EnglandWales 2023-11-01 2024-10-31 02935435 2022-10-31 02935435 2023-10-31 02935435 2022-11-01 2023-10-31 02935435 frs-core:CurrentFinancialInstruments 2023-10-31 02935435 frs-core:ShareCapital 2023-10-31 02935435 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02935435 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 02935435
Vert Projects Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02935435
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 120,300 160,400
Tangible Assets 5 442,815 380,685
563,115 541,085
CURRENT ASSETS
Stocks 6 625,000 49,570
Debtors 7 2,871,506 1,777,142
Cash at bank and in hand 347,542 1,506,971
3,844,048 3,333,683
Creditors: Amounts Falling Due Within One Year 8 (1,493,495 ) (879,413 )
NET CURRENT ASSETS (LIABILITIES) 2,350,553 2,454,270
TOTAL ASSETS LESS CURRENT LIABILITIES 2,913,668 2,995,355
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,110 ) (17,578 )
NET ASSETS 2,880,558 2,977,777
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 2,880,457 2,977,676
SHAREHOLDERS' FUNDS 2,880,558 2,977,777
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For the year ending 31 October 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 Duncan Field
Director
09/06/2025
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
Vert Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02935435 . The registered office is Unit 16 Mulberry Court, Bourne Industrial Park, Bourne Road Dartford, Kent, DA1 4BF.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patens and licences. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Freehold 0% - WDV
Plant & Machinery 15% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on 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.
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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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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 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.
Current or deferred 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 8)
15 8
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 401,001
As at 31 October 2024 401,001
Amortisation
As at 1 November 2023 240,601
Provided during the period 40,100
As at 31 October 2024 280,701
Net Book Value
As at 31 October 2024 120,300
As at 1 November 2023 160,400
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2023 310,374 41,207 78,882 35,750
Additions - 8,422 55,890 11,107
As at 31 October 2024 310,374 49,629 134,772 46,857
Depreciation
As at 1 November 2023 - 21,970 52,933 25,614
Provided during the period - 4,150 12,277 3,185
As at 31 October 2024 - 26,120 65,210 28,799
Net Book Value
As at 31 October 2024 310,374 23,509 69,562 18,058
As at 1 November 2023 310,374 19,237 25,949 10,136
Computer Equipment Total
£ £
Cost
As at 1 November 2023 32,314 498,527
Additions 10,081 85,500
As at 31 October 2024 42,395 584,027
Depreciation
As at 1 November 2023 17,325 117,842
Provided during the period 3,758 23,370
As at 31 October 2024 21,083 141,212
Net Book Value
As at 31 October 2024 21,312 442,815
As at 1 November 2023 14,989 380,685
6. Stocks
2024 2023
£ £
Work in progress 625,000 49,570
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,547,206 1,291,498
Prepayments and accrued income 44,348 52,512
Other debtors 37,630 37,630
Intercompany 90,450 450
Directors' loan accounts 151,872 395,052
2,871,506 1,777,142
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 604,191 175,749
Corporation tax 183,530 172,647
Other taxes and social security 49,495 26,303
VAT 638,100 188,374
Other creditors 12,429 11,340
Accruals and deferred income 5,750 305,000
1,493,495 879,413
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
11. Related Party Transactions
Included in the Other Debtors is an amount owed to the company directors totalling £151,871 (2023 - £395,052), no interest is to be charged.
Included in the Other Debtors is an amount of £450 (2023 - £450) owed by OLH Holdings Ltd, a company under the control of the directors Mr D Field, Mrs C Field and Ms M Waite. No repayment terms have been set and no interest is to be charged. 
Included in the Other Debtors is an amount of £90,000 owed by Vert Build Ltd, a company under the control of the directors Mr D Field and Ms M Waite. No repayment terms have been set and no interest is to be charged. 
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