Acorah Software Products - Accounts Production 16.4.675 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07309876 Mr H M E De Blocq Van Kuffeler Mr G Hambro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07309876 2023-07-31 07309876 2024-07-31 07309876 2023-08-01 2024-07-31 07309876 frs-core:CurrentFinancialInstruments 2024-07-31 07309876 frs-core:BetweenOneFiveYears 2024-07-31 07309876 frs-core:ComputerEquipment 2024-07-31 07309876 frs-core:ComputerEquipment 2023-08-01 2024-07-31 07309876 frs-core:ComputerEquipment 2023-07-31 07309876 frs-core:FurnitureFittings 2024-07-31 07309876 frs-core:FurnitureFittings 2023-08-01 2024-07-31 07309876 frs-core:FurnitureFittings 2023-07-31 07309876 frs-core:MotorVehicles 2024-07-31 07309876 frs-core:MotorVehicles 2023-08-01 2024-07-31 07309876 frs-core:MotorVehicles 2023-07-31 07309876 frs-core:WithinOneYear 2024-07-31 07309876 frs-core:ShareCapital 2024-07-31 07309876 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07309876 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07309876 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07309876 frs-bus:SmallEntities 2023-08-01 2024-07-31 07309876 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07309876 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07309876 frs-bus:Director1 2023-08-01 2024-07-31 07309876 frs-bus:Director2 2023-08-01 2024-07-31 07309876 frs-countries:EnglandWales 2023-08-01 2024-07-31 07309876 2022-07-31 07309876 2023-07-31 07309876 2022-08-01 2023-07-31 07309876 frs-core:CurrentFinancialInstruments 2023-07-31 07309876 frs-core:BetweenOneFiveYears 2023-07-31 07309876 frs-core:WithinOneYear 2023-07-31 07309876 frs-core:ShareCapital 2023-07-31 07309876 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07309876
Verdigris Strategic Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07309876
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,257 2,061
3,257 2,061
CURRENT ASSETS
Debtors 5 396,599 338,981
Investments 6 9,759 3,469
Cash at bank and in hand 127,194 568,978
533,552 911,428
Creditors: Amounts Falling Due Within One Year 7 (112,379 ) (313,819 )
NET CURRENT ASSETS (LIABILITIES) 421,173 597,609
TOTAL ASSETS LESS CURRENT LIABILITIES 424,430 599,670
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,573 ) -
NET ASSETS 422,857 599,670
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 422,856 599,669
SHAREHOLDERS' FUNDS 422,857 599,670
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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 G Hambro
Director
29/07/2025
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
Verdigris Strategic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07309876 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The accounts are presented in and rounded to the nearest £1 sterling.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor Vehicles 25% Reducing Value
Fixtures & Fittings 25% Reducing Value
Computer Equipment 25% Reducing Value
2.4. Foreign Currencies
Monetary Bank 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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.
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2.6. Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
2.7. Operating leases
Rentals paid under operating leases are recognised in the profit or loss account on a straight line basis over the lease term.
2.8. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.9. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.10. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.11. Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.
2.12. Current Asset Investment
Investments in shares are included at fair value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 2)
6 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 18,500 27,673 673 46,846
Additions - 1,234 958 2,192
Disposals 18,500 - - 18,500
As at 31 July 2024 37,000 28,907 1,631 67,538
Depreciation
As at 1 August 2023 18,500 26,145 140 44,785
Provided during the period - 628 368 996
Disposals 18,500 - - 18,500
As at 31 July 2024 37,000 26,773 508 64,281
Net Book Value
As at 31 July 2024 - 2,134 1,123 3,257
As at 1 August 2023 - 1,528 533 2,061
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 259,014 184,467
Prepayments and accrued income 72,000 -
Other debtors 58,647 154,514
VAT 6,938 -
396,599 338,981
6. Current Asset Investments
2024 2023
£ £
Listed investments 9,759 3,469
Listed investments have been revalued in the year to the market value at the year end. There is an unrealised gain of £6,290 on the investments held. The gains will be realised when the investments are sold at the prevailing market rate.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,285 92,080
Corporation tax 26,075 208,003
Other taxes and social security 11,283 3,060
VAT - 6,034
Other creditors 20,221 3,082
Accruals and deferred income 2,100 1,560
Directors' loan accounts 9,415 -
112,379 313,819
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,573 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 70,445 100,000
Later than one year and not later than five years 163,560 -
234,005 100,000
11. Related Party Transactions
At the end of the year, £11,363 (2023: £11,363) was owed by a trust of one of the directors. This amount is repayable upon demand and does not bare interest. No transactions occurred in the year.
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