Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 01994246 Mr Ian Wells Mr Peter Wells Mrs Anne Wells Miss Caroline Robinson Mr Michael Sherman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01994246 2023-12-31 01994246 2024-12-31 01994246 2024-01-01 2024-12-31 01994246 frs-core:CurrentFinancialInstruments 2024-12-31 01994246 frs-core:Non-currentFinancialInstruments 2024-12-31 01994246 frs-core:BetweenOneFiveYears 2024-12-31 01994246 frs-core:ComputerEquipment 2024-12-31 01994246 frs-core:ComputerEquipment 2024-01-01 2024-12-31 01994246 frs-core:ComputerEquipment 2023-12-31 01994246 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 01994246 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 01994246 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01994246 frs-core:MotorVehicles 2024-12-31 01994246 frs-core:MotorVehicles 2024-01-01 2024-12-31 01994246 frs-core:MotorVehicles 2023-12-31 01994246 frs-core:PlantMachinery 2024-12-31 01994246 frs-core:PlantMachinery 2024-01-01 2024-12-31 01994246 frs-core:PlantMachinery 2023-12-31 01994246 frs-core:WithinOneYear 2024-12-31 01994246 frs-core:RevaluationReserve 2024-01-01 2024-12-31 01994246 frs-core:RevaluationReserve 2023-12-31 01994246 frs-core:RevaluationReserve 2024-12-31 01994246 frs-core:ShareCapital 2024-12-31 01994246 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01994246 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01994246 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01994246 frs-bus:SmallEntities 2024-01-01 2024-12-31 01994246 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01994246 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01994246 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-01 2024-12-31 01994246 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 01994246 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 01994246 frs-bus:Director1 2024-01-01 2024-12-31 01994246 frs-bus:Director2 2024-01-01 2024-12-31 01994246 frs-bus:Director3 2024-01-01 2024-12-31 01994246 frs-bus:Director4 2024-01-01 2024-12-31 01994246 frs-bus:Director5 2024-01-01 2024-12-31 01994246 frs-countries:EnglandWales 2024-01-01 2024-12-31 01994246 2022-12-31 01994246 2023-12-31 01994246 2023-01-01 2023-12-31 01994246 frs-core:CurrentFinancialInstruments 2023-12-31 01994246 frs-core:Non-currentFinancialInstruments 2023-12-31 01994246 frs-core:BetweenOneFiveYears 2023-12-31 01994246 frs-core:WithinOneYear 2023-12-31 01994246 frs-core:RevaluationReserve 2023-12-31 01994246 frs-core:ShareCapital 2023-12-31 01994246 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01994246 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 01994246
Polyvine Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01994246
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 196,249 232,927
196,249 232,927
CURRENT ASSETS
Stocks 5 360,751 427,577
Debtors 6 258,904 228,006
Investments at revalued amount 7 291,593 262,661
Cash at bank and in hand 438,569 451,263
1,349,817 1,369,507
Creditors: Amounts Falling Due Within One Year 8 (231,232 ) (328,572 )
NET CURRENT ASSETS (LIABILITIES) 1,118,585 1,040,935
TOTAL ASSETS LESS CURRENT LIABILITIES 1,314,834 1,273,862
Creditors: Amounts Falling Due After More Than One Year 9 (17,614 ) (27,091 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,598 ) (25,193 )
NET ASSETS 1,271,622 1,221,578
CAPITAL AND RESERVES
Called up share capital 600 600
Revaluation reserve for revalued assets 11 5,000 30,432
Fair Value Reserve for Investments 11 41,593 24,930
Profit and Loss Account 1,224,429 1,165,616
SHAREHOLDERS' FUNDS 1,271,622 1,221,578
Page 1
Page 2
For the year 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 Ian Wells
Director
13 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Polyvine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01994246 . The registered office is Vine House Cheddar Business Park, Wedmore Road, Cheddar, Somerset, BS27 3EB.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer rebates and other similar allowances.
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.
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:
Leasehold 5% straight line
Plant & Machinery Variable
Motor Vehicles Variable
Computer Equipment 25% reducing balance
Plant & Machinery depreciation varies from 25% reducing balance to 10% straight line on specific assets.
Vehicle depreciation is variable at either 25% reducing balance or over the equivalent period as the lease to which it relates.
There was an historic revaluation of assets which were considered to have been overdepreciated. This is now being reflected each year through the Revaluation Reserve account.
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. 
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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.
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Investments
Investments are revalued annually. Any temporary change in valuation is taken to a Fair Value reserve. 
The final change in value, on sale of the investment, will be reflected between the Fair Value reserve and the Profit and Loss account when the investment gain is crystallised.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 23)
20 23
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2024 90,540 548,464 43,650 137,463 820,117
Additions - 2,140 - - 2,140
Revaluation - (37,701 ) - - (37,701 )
As at 31 December 2024 90,540 512,903 43,650 137,463 784,556
Depreciation
As at 1 January 2024 22,434 419,612 12,680 132,464 587,190
Provided during the period 4,527 18,493 14,548 1,250 38,818
Impairment losses - (37,701 ) - - (37,701 )
As at 31 December 2024 26,961 400,404 27,228 133,714 588,307
Net Book Value
As at 31 December 2024 63,579 112,499 16,422 3,749 196,249
As at 1 January 2024 68,106 128,852 30,970 4,999 232,927
5. Stocks
2024 2023
£ £
Materials 169,263 256,518
Finished goods 166,622 137,674
Marketing & Protective clothing 24,866 33,385
360,751 427,577
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 211,087 178,966
Other debtors 47,817 49,040
258,904 228,006
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7. Current Asset Investments
2024 2023
£ £
Listed investments 291,593 262,661
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,592 9,302
Trade creditors 100,248 210,264
Other creditors 43,403 63,521
Taxation and social security 76,989 45,485
231,232 328,572
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,614 27,091
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,592 9,302
Later than one year and not later than five years 17,614 27,091
28,206 36,393
28,206 36,393
11. Reserves
Revaluation Reserve Fair Value Reserve
£ £
As at 1 January 2024 30,432 24,930
Deficit on revaluation (37,701) -
Transfer from Fair Value reserve 12,269 -
Movements in Fair Value reserve - 28,932
Transfer to Revaluation reserve - (12,269)
Transfer from/ (to) profit and loss - -
As at 31 December 2024 5,000 41,593
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