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 10286318 Mr Vinoth Bellie Mrs Shubna Kumar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10286318 2023-07-31 10286318 2024-07-31 10286318 2023-08-01 2024-07-31 10286318 frs-core:CurrentFinancialInstruments 2024-07-31 10286318 frs-core:Non-currentFinancialInstruments 2024-07-31 10286318 frs-core:ComputerEquipment 2024-07-31 10286318 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10286318 frs-core:ComputerEquipment 2023-07-31 10286318 frs-core:PlantMachinery 2024-07-31 10286318 frs-core:PlantMachinery 2023-08-01 2024-07-31 10286318 frs-core:PlantMachinery 2023-07-31 10286318 frs-core:OtherReservesSubtotal 2024-07-31 10286318 frs-core:ShareCapital 2024-07-31 10286318 frs-core:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 10286318 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10286318 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10286318 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10286318 frs-bus:SmallEntities 2023-08-01 2024-07-31 10286318 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10286318 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10286318 frs-core:CostValuation 2023-07-31 10286318 frs-core:CostValuation 2024-07-31 10286318 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 10286318 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 10286318 frs-bus:Director1 2023-08-01 2024-07-31 10286318 frs-bus:Director1 2023-07-31 10286318 frs-bus:Director1 2024-07-31 10286318 frs-bus:Director2 2023-08-01 2024-07-31 10286318 frs-bus:Director2 2023-07-31 10286318 frs-bus:Director2 2024-07-31 10286318 frs-countries:EnglandWales 2023-08-01 2024-07-31 10286318 2022-07-31 10286318 2023-07-31 10286318 2022-08-01 2023-07-31 10286318 frs-core:CurrentFinancialInstruments 2023-07-31 10286318 frs-core:Non-currentFinancialInstruments 2023-07-31 10286318 frs-core:OtherReservesSubtotal 2022-07-31 10286318 frs-core:OtherReservesSubtotal 2023-07-31 10286318 frs-core:ShareCapital 2022-07-31 10286318 frs-core:ShareCapital 2023-07-31 10286318 frs-core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 10286318 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-07-31 10286318 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10286318
VView Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Oxwich Accountancy Limited
ICAEW member firm number C006246679
113 Canalside
Redhill
Surrey
RH1 2FH
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 10286318
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,512 2,246
Investments 5 4,126 4,126
5,638 6,372
CURRENT ASSETS
Debtors 6 430,089 309,202
Cash at bank and in hand 8,836 2,920
438,925 312,122
Creditors: Amounts Falling Due Within One Year 7 (243,163 ) (135,066 )
NET CURRENT ASSETS (LIABILITIES) 195,762 177,056
TOTAL ASSETS LESS CURRENT LIABILITIES 201,400 183,428
Creditors: Amounts Falling Due After More Than One Year 8 (300,579 ) (284,305 )
NET LIABILITIES (99,179 ) (100,877 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Prepaid equity forward reserve 144,893 119,307
Profit and Loss Account (244,172 ) (220,284 )
SHAREHOLDERS' FUNDS (99,179) (100,877)
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 Vinoth Bellie
Director
Mrs Shubna Kumar
Director
18/07/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Prepaid equity forward reserve Profit and Loss Account Total
£ £ £ £
As at 1 August 2022 100 119,307 (220,670 ) (101,263)
Profit for the year and total comprehensive income - - 386 386
As at 31 July 2023 and 1 August 2023 100 119,307 (220,284 ) (100,877)
Loss for the year and total comprehensive income - - (23,888 ) (23,888)
New prepaid equity forward agreements entered into - 25,586 - 25,586
As at 31 July 2024 100 144,893 (244,172 ) (99,179)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
VView Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10286318 . The registered office is 1 Yoxall Way, Streethay, Lichfield, WS13 8FT.
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 4 years
Computer Equipment 2 - 4 years
2.4. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.5. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 5,382 3,871 9,253
Additions - 204 204
As at 31 July 2024 5,382 4,075 9,457
Depreciation
As at 1 August 2023 5,144 1,863 7,007
Provided during the period 198 740 938
As at 31 July 2024 5,342 2,603 7,945
Net Book Value
As at 31 July 2024 40 1,472 1,512
As at 1 August 2023 238 2,008 2,246
5. Investments
Subsidiaries
£
Cost
As at 1 August 2023 4,126
As at 31 July 2024 4,126
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 4,126
As at 1 August 2023 4,126
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 16,616
Prepayments and accrued income 173 169
Other debtors 232 232
VAT 79 -
Directors' loan accounts 165,778 120,253
Amounts owed by subsidiaries 207,877 130,432
374,139 267,702
Due after more than one year
Deferred tax current asset 55,950 41,500
430,089 309,202
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 168,058 87,732
Bank loans and overdrafts 10,553 3,800
Corporation tax 59,254 41,501
Other taxes and social security 3,243 541
VAT - 184
Net wages 1,175 775
Accruals and deferred income 880 533
243,163 135,066
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,352 18,606
Other loans 47,669 43,702
Amounts owed to related parties 235,558 221,997
300,579 284,305
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Vinoth Bellie 122,963 64,810 34,163 - 153,610
Mrs Shubna Kumar - 28,537 16,369 - 12,168
The above loans are unsecured, non interest bearing and repayable on demand.
11. Reserves
In previous years, third party investors provided funds to the company and its subsidiary, and to company directors in exchange for equity in the company which would be provided at a future date. 
Although there was no formal contract created, it was informally understood by all parties that the payments were in exchange for new shares in the parent company that would be issued at a future (unspecified) date and that the common intention was always that the third parties were funding working capital to the company and it's wholly owned subsidiary in exchange for a fixed equity interest in the parent company.
The transactions have been recorded as a prepaid equity forward agreement between the company and the third parties.
Although the number of shares that would be issued in the future was not stated explicitly in a formal contract, it was implicitly understood that the third parties would be compenstated for growth in the company value, and any dividend income forgone, as if they had received a fixed number of shares immediately. The economic substance is therefore that of an equity instrument rather than a (derivative) financial liability.
As no shares were issued before the balance sheet date, these transactions continue to be accounted for in a separate equity reserve, valued at the payments received from the third parties. Where funds were received in INR these have been translated to GBP at the market FX rate on the date of transfer.
Page 6
Page 7
12. Related Party Transactions
SSAS TrustIn previous years the company set up a SSAS trust for the benefit of a company director. The SSAS trust continues to provide an interest bearing loans to the company, secured on the company's equity. During the year additional loans of £104,477 were taken by the company from the SSAS trust (prior year £113,771) and interest of £2,776 was accrued (prior year £973). The balance outstanding at the end of the period was £221,997 (prior year £114,744).

SSAS Trust

In previous years the company set up a SSAS trust for the benefit of a company director. The SSAS trust continues to provide an interest bearing loans to the company, secured on the company's equity. During the year additional loans of £104,477 were taken by the company from the SSAS trust (prior year £113,771) and interest of £2,776 was accrued (prior year £973). The balance outstanding at the end of the period was £221,997 (prior year £114,744).

Rednics Computing Solutions Trading LLCWholly owned subsidiaryThe company also provided working capital to a wholly owned subsidiary based in Dubai to develop a sales and marketing operation focussed on growing it's sales in the Middle East. Amounts advanced during the year totalled £68,118.59 (prior year £nil). These are included in debtors above. Loans are non interest bearing and repayable on demand.

Rednics Computing Solutions Trading LLC

Wholly owned subsidiary

The company also provided working capital to a wholly owned subsidiary based in Dubai to develop a sales and marketing operation focussed on growing it's sales in the Middle East. Amounts advanced during the year totalled £68,118.59 (prior year £nil). These are included in debtors above. Loans are non interest bearing and repayable on demand.

Inibet India Private LimitedWholly owned subsidiaryDuring the year, the company received subcontracted development services from Inibet India PVT Ltd to further advance the company's propriety software. This expenditure totalled £49,590 (prior year £46,372). Amounts totalling £85,899 (prior year £74,651) remained unpaid at the balance sheet date from this and previous years invoices. Unpaid amounts are included in trade creditors as no offset had been arranged between these invoices and the intercompany receivable below.

Inibet India Private Limited

Wholly owned subsidiary

During the year, the company received subcontracted development services from Inibet India PVT Ltd to further advance the company's propriety software. This expenditure totalled £49,590 (prior year £46,372). Amounts totalling £85,899 (prior year £74,651) remained unpaid at the balance sheet date from this and previous years invoices. Unpaid amounts are included in trade creditors as no offset had been arranged between these invoices and the intercompany receivable below.

Inibet India Private LimitedWholly owned subsidiaryThe company continues to hold an intercompany receivable of £62,313 (prior year £62,313) arising from the issue by the company of prepaid equity forward agreement who's proceeds were used to fund working capital in the subsidiary. These amounts are non interest bearing and repayable on demand. The company intends to partially offset the receivable against unpaid invoices owed to Inibet India PVT Ltd. These unpaid invoices are included in trade creditors as described above.

Inibet India Private Limited

Wholly owned subsidiary

The company continues to hold an intercompany receivable of £62,313 (prior year £62,313) arising from the issue by the company of prepaid equity forward agreement who's proceeds were used to fund working capital in the subsidiary. These amounts are non interest bearing and repayable on demand. The company intends to partially offset the receivable against unpaid invoices owed to Inibet India PVT Ltd. These unpaid invoices are included in trade creditors as described above.

Page 7