Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 13893621 Mr Jason Harris-Cohen Mr Lee Dodder Mrs Rachel Mustoe Mrs Carli Dodder iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13893621 2024-02-29 13893621 2025-02-28 13893621 2024-03-01 2025-02-28 13893621 frs-core:CurrentFinancialInstruments 2025-02-28 13893621 frs-core:Non-currentFinancialInstruments 2025-02-28 13893621 frs-core:InvestmentPropertyIncludedWithinPPE 2025-02-28 13893621 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-01 2025-02-28 13893621 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 13893621 frs-core:ShareCapital 2025-02-28 13893621 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13893621 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13893621 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 13893621 frs-bus:SmallEntities 2024-03-01 2025-02-28 13893621 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13893621 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13893621 frs-bus:Director1 2024-03-01 2025-02-28 13893621 frs-bus:Director2 2024-03-01 2025-02-28 13893621 frs-bus:Director3 2024-03-01 2025-02-28 13893621 frs-bus:Director4 2024-03-01 2025-02-28 13893621 frs-core:CurrentFinancialInstruments 5 2025-02-28 13893621 frs-countries:EnglandWales 2024-03-01 2025-02-28 13893621 2023-02-28 13893621 2024-02-29 13893621 2023-03-01 2024-02-29 13893621 frs-core:CurrentFinancialInstruments 2024-02-29 13893621 frs-core:Non-currentFinancialInstruments 2024-02-29 13893621 frs-core:ShareCapital 2024-02-29 13893621 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13893621 frs-core:CurrentFinancialInstruments 5 2024-02-29
Registered number: 13893621
Vaggs Lane Storage Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
The Online Accountant
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13893621
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 639,153 343,718
639,153 343,718
CURRENT ASSETS
Cash at bank and in hand 1,881 362
1,881 362
Creditors: Amounts Falling Due Within One Year 6 (2,549 ) (500 )
NET CURRENT ASSETS (LIABILITIES) (668 ) (138 )
TOTAL ASSETS LESS CURRENT LIABILITIES 638,485 343,580
Creditors: Amounts Falling Due After More Than One Year 7 (659,549 ) (396,421 )
NET LIABILITIES (21,064 ) (52,841 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (21,164 ) (52,941 )
SHAREHOLDERS' FUNDS (21,064) (52,841)
For the year ending 28 February 2025 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 Jason Harris-Cohen
Director
04/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Vaggs Lane Storage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13893621 . The registered office is Suite 1 Europa House, Gerrards Cross, United Kingdom, SL9 8BQ.
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:
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Investment Properties
£
Cost
As at 1 March 2024 343,718
Additions 295,435
As at 28 February 2025 639,153
Net Book Value
As at 28 February 2025 639,153
As at 1 March 2024 343,718
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors (1 ) 500
Deposits held 2,550 -
2,549 500
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 566,125 325,000
Directors loan account 86,414 68,421
Amounts owed to group undertakings 7,010 3,000
659,549 396,421
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in creditor is an amount of £3,000 (2024 - £3,000) owed to Open Property Loan and £4,010 (2024 - £nil) to Famcap Limited with same director.
Page 3