Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11565604 Mrs Tamara Oppenheimer Mr Nicholas Chapallaz Mr Andrew Gazzard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11565604 2023-07-31 11565604 2024-07-31 11565604 2023-08-01 2024-07-31 11565604 frs-core:CurrentFinancialInstruments 2024-07-31 11565604 frs-core:ComputerEquipment 2024-07-31 11565604 frs-core:ComputerEquipment 2023-08-01 2024-07-31 11565604 frs-core:ComputerEquipment 2023-07-31 11565604 frs-core:NetGoodwill 2024-07-31 11565604 frs-core:NetGoodwill 2023-08-01 2024-07-31 11565604 frs-core:NetGoodwill 2023-07-31 11565604 frs-core:ShareCapital 2024-07-31 11565604 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11565604 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11565604 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11565604 frs-bus:SmallEntities 2023-08-01 2024-07-31 11565604 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11565604 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11565604 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 11565604 frs-bus:OrdinaryShareClass1 2024-07-31 11565604 frs-core:DeferredTaxation 2023-08-01 2024-07-31 11565604 frs-core:DeferredTaxation 2023-07-31 11565604 frs-core:DeferredTaxation 2024-07-31 11565604 frs-core:CostValuation 2023-07-31 11565604 frs-core:AdditionsToInvestments 2024-07-31 11565604 frs-core:DisposalsRepaymentsInvestments 2024-07-31 11565604 frs-core:CostValuation 2024-07-31 11565604 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 11565604 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 11565604 frs-core:ListedExchangeTraded 2024-07-31 11565604 frs-core:ListedExchangeTraded 2023-07-31 11565604 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-07-31 11565604 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-07-31 11565604 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-07-31 11565604 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-07-31 11565604 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-07-31 11565604 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-07-31 11565604 frs-bus:Director1 2023-08-01 2024-07-31 11565604 frs-bus:Director2 2023-08-01 2024-07-31 11565604 frs-bus:Director3 2023-08-01 2024-07-31 11565604 1 2023-08-01 2024-07-31 11565604 2 2023-08-01 2024-07-31 11565604 frs-countries:EnglandWales 2023-08-01 2024-07-31 11565604 2022-07-31 11565604 2023-07-31 11565604 2022-08-01 2023-07-31 11565604 frs-core:CurrentFinancialInstruments 2023-07-31 11565604 frs-core:ShareCapital 2023-07-31 11565604 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11565604 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31 11565604 1 2022-08-01 2023-07-31 11565604 2 2022-08-01 2023-07-31
Registered number: 11565604
Precision Vision Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Daverns
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Herts
HP4 1EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11565604
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 8,120
Tangible Assets 5 6,592 3,663
Investment Properties 6 423,339 157,709
Investments 7 630,392 785,322
1,060,323 954,814
CURRENT ASSETS
Debtors 8 114,187 70,433
Investments 9 200,000 -
Cash at bank and in hand 306,420 364,758
620,607 435,191
Creditors: Amounts Falling Due Within One Year 10 (123,385 ) (143,648 )
NET CURRENT ASSETS (LIABILITIES) 497,222 291,543
TOTAL ASSETS LESS CURRENT LIABILITIES 1,557,545 1,246,357
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (1,648 ) (916 )
NET ASSETS 1,555,897 1,245,441
CAPITAL AND RESERVES
Called up share capital 13 100 100
Profit and Loss Account 1,555,797 1,245,341
SHAREHOLDERS' FUNDS 1,555,897 1,245,441
Page 1
Page 2
For the year ending 31 July 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 Andrew Gazzard
Director
17th July 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
Precision Vision Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11565604 . The registered office is Hardy House , Northbridge Road , Berkhamsted , Herts , HP4 1EF.
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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 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:
Computer Equipment 25% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account in the period to which they relate.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Directors 3 3
Employees 4 4
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 243,562
As at 31 July 2024 243,562
Amortisation
As at 1 August 2023 235,442
Provided during the period 8,120
As at 31 July 2024 243,562
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 8,120
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 7,529
Additions 5,476
Disposals (829 )
As at 31 July 2024 12,176
Depreciation
As at 1 August 2023 3,866
Provided during the period 2,197
Disposals (479 )
As at 31 July 2024 5,584
Net Book Value
As at 31 July 2024 6,592
As at 1 August 2023 3,663
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6. Investment Property
2024
£
Fair Value
As at 1 August 2023 157,709
Additions 265,630
As at 31 July 2024 423,339
7. Investments
Listed Other Total
£ £ £
Cost
As at 1 August 2023 732,656 52,666 785,322
Additions - 29,030 29,030
Disposals (183,960 ) - (183,960 )
As at 31 July 2024 548,696 81,696 630,392
Provision
As at 1 August 2023 - - -
As at 31 July 2024 - - -
Net Book Value
As at 31 July 2024 548,696 81,696 630,392
As at 1 August 2023 732,656 52,666 785,322
Market value of listed investments at 31 July 2024 is £645,514 (31 July 2023 was £760,271). 
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 97,562 60,452
Prepayments and accrued income 16,625 9,681
Other debtors - 300
114,187 70,433
9. Current Asset Investments
2024 2023
£ £
Unlisted investments 200,000 -
During the accounting period the company invested £150,000 in Nottingham MMW Limited representing 150 £1 B Shares and £149,850 as an unsecured shareholder loan with a coupon annual rate of 6%. 
During the accounting period the company invested £50,000 on account of a total investment of £250,000. This represents 250 £1 B Shares and £249,750 as an unsecured shareholder loan. The loan has a coupon annual rate of 6.65%. At the balance sheet date £50,000 of this investment was paid on account representing £49,950 as the unsecured shareholder loan and 50 £1 B Shares.
Page 5
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10. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 101,175 112,502
Other taxes and social security 1,410 1,410
Other creditors 3,866 16,777
Accruals and deferred income 14,691 10,227
Directors' loan accounts 2,243 2,732
123,385 143,648
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,648 916
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2023 916 916
Deferred taxation 732 732
Balance at 31 July 2024 1,648 1,648
13. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
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