Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04808079 M Crunden R Crunden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04808079 2023-12-31 04808079 2024-12-31 04808079 2024-01-01 2024-12-31 04808079 frs-core:CurrentFinancialInstruments 2024-12-31 04808079 frs-core:Non-currentFinancialInstruments 2024-12-31 04808079 frs-core:BetweenOneFiveYears 2024-12-31 04808079 frs-core:ComputerEquipment 2024-12-31 04808079 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04808079 frs-core:ComputerEquipment 2023-12-31 04808079 frs-core:FurnitureFittings 2024-12-31 04808079 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04808079 frs-core:FurnitureFittings 2023-12-31 04808079 frs-core:MotorVehicles 2024-12-31 04808079 frs-core:MotorVehicles 2024-01-01 2024-12-31 04808079 frs-core:MotorVehicles 2023-12-31 04808079 frs-core:PlantMachinery 2024-12-31 04808079 frs-core:PlantMachinery 2024-01-01 2024-12-31 04808079 frs-core:PlantMachinery 2023-12-31 04808079 frs-core:WithinOneYear 2024-12-31 04808079 frs-core:ShareCapital 2024-12-31 04808079 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04808079 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04808079 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04808079 frs-bus:SmallEntities 2024-01-01 2024-12-31 04808079 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04808079 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04808079 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 04808079 frs-bus:OrdinaryShareClass2 2024-12-31 04808079 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 04808079 frs-bus:OrdinaryShareClass3 2024-12-31 04808079 frs-bus:OrdinaryShareClass4 2024-01-01 2024-12-31 04808079 frs-bus:OrdinaryShareClass4 2024-12-31 04808079 frs-core:ListedExchangeTraded 2024-12-31 04808079 frs-core:ListedExchangeTraded 2023-12-31 04808079 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 04808079 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-12-31 04808079 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 04808079 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 04808079 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 04808079 frs-bus:Director1 2024-01-01 2024-12-31 04808079 frs-bus:Director1 2023-12-31 04808079 frs-bus:Director1 2024-12-31 04808079 frs-bus:Director2 2024-01-01 2024-12-31 04808079 frs-countries:EnglandWales 2024-01-01 2024-12-31 04808079 2022-12-31 04808079 2023-12-31 04808079 2023-01-01 2023-12-31 04808079 frs-core:CurrentFinancialInstruments 2023-12-31 04808079 frs-core:Non-currentFinancialInstruments 2023-12-31 04808079 frs-core:BetweenOneFiveYears 2023-12-31 04808079 frs-core:WithinOneYear 2023-12-31 04808079 frs-core:ShareCapital 2023-12-31 04808079 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04808079 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 04808079 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 04808079 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31
Registered number: 04808079
Vistech Cooling Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Composure Accounting & Taxation Limited
Chartered Accountants & Chartered Tax Advisers
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 04808079
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 83,203 89,234
Investments 6 54,258 50,000
137,461 139,234
CURRENT ASSETS
Stocks 7 52,884 94,912
Debtors 8 689,810 1,858,922
Cash at bank and in hand 912,471 954,209
1,655,165 2,908,043
Creditors: Amounts Falling Due Within One Year 9 (1,024,924 ) (1,953,540 )
NET CURRENT ASSETS (LIABILITIES) 630,241 954,503
TOTAL ASSETS LESS CURRENT LIABILITIES 767,702 1,093,737
Creditors: Amounts Falling Due After More Than One Year 10 (33,008 ) (70,144 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 13 (9,350 ) (15,078 )
NET ASSETS 725,344 1,008,515
CAPITAL AND RESERVES
Called up share capital 14 100 100
Profit and Loss Account 725,244 1,008,415
SHAREHOLDERS' FUNDS 725,344 1,008,515
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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
M Crunden
Director
R Crunden
Director
6 June 2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vistech Cooling Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04808079 . The registered office is 7 Bell Yard, London, WC2A 2JR.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% reducing balance
2.4. 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.
2.5. 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.
2.6. 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.
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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 year 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 asset reflects 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 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.
2.8. 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.
2.9. 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.
In 2023 the company did not receive any government grants. In the 18 months to 31 December 2022 the company received £154 in Covid SSP rebates. No other grants were received in the period.
2.10. Valuation of Investments
Investment assets are held in equities via distribution funds and have been valued at the available market valuation of those funds. Any impairment loss has been taken to the profit and loss account and is included within adminiistrative expenses.
2.11. Research & Development costs
All research and development costs are expensed as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Prior Period Adjustment
During the year, the company submitted a claim for Research and Development (R&D) tax relief relating to expenditure incurred in earlier periods. This has resulted in adjustments being made retrospectively to previously reported financial statements. Consequently, the comparative figures have been restated accordingly to reflect this adjustment, in accordance with FRS102 Section 1A.
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 41,806 151,213 3,696 33,695 230,410
Additions 295 35,450 718 6,927 43,390
Disposals (17,208 ) (56,828 ) (2,095 ) (21,276 ) (97,407 )
As at 31 December 2024 24,893 129,835 2,319 19,346 176,393
Depreciation
As at 1 January 2024 27,575 88,498 2,236 22,867 141,176
Provided during the period 3,616 20,873 416 4,388 29,293
Disposals (13,509 ) (42,295 ) (1,856 ) (19,619 ) (77,279 )
As at 31 December 2024 17,682 67,076 796 7,636 93,190
Net Book Value
As at 31 December 2024 7,211 62,759 1,523 11,710 83,203
As at 1 January 2024 14,231 62,715 1,460 10,828 89,234
6. Investments
Listed
£
Cost
As at 1 January 2024 50,000
Revaluations 4,258
As at 31 December 2024 54,258
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 54,258
As at 1 January 2024 50,000
7. Stocks
2024 2023
as restated
£ £
Work in progress 52,884 94,912
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8. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 286,660 1,034,903
Prepayments and accrued income 227,555 649,943
Other debtors 1,569 300
Corporation tax recoverable assets 173,776 173,776
Directors' loan accounts 250 -
689,810 1,858,922
9. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 16,579 22,101
Trade creditors 449,761 867,547
Bank loans and overdrafts 42,016 42,894
Corporation tax 31,034 169,851
Other taxes and social security 17,790 23,241
VAT 37,076 202,140
Other creditors 2,793 3,473
Accruals and deferred income 426,526 614,173
Directors' loan accounts 1,349 8,120
1,024,924 1,953,540
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 20,250 17,819
Bank loans 12,758 52,325
33,008 70,144
11. Secured Creditors
Of the creditors the following amounts are secured by a fixed and floating charge held over freehold and leasehold property, fixed plant and machinery, book debts owing to the company , all other debts and amounts owed to the company under credit agreements.
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 36,829 29,405
Bank loans and overdrafts 54,774 95,218
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12. Obligations Under Finance Leases and Hire Purchase
2024 2023
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,579 22,101
Later than one year and not later than five years 20,250 17,819
36,829 39,920
36,829 39,920
13. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
as restated
£ £
Other timing differences 9,350 15,078
14. Share Capital
2024 2023
as restated
Allotted, called up and fully paid £ £
70 Ordinary A shares of £ 1.00 each 70 70
10 Ordinary B shares of £ 1.00 each 10 10
20 Ordinary C shares of £ 1.00 each 20 20
100 100
15. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
as restated
£ £
Not later than one year 32,631 8,546
Later than one year and not later than five years 47,552 17,885
80,183 26,431
16. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Richard Crunden - 250 - - 250
The above loan is unsecured and repayable on demand.
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17. Dividends
2024 2023
as restated
£ £
On equity shares:
Interim dividend paid 352,970 362,499
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