Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 November 2022 false 1 January 2024 31 December 2024 31 December 2024 10482608 Mr Daniel Rhodes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10482608 2023-12-31 10482608 2024-12-31 10482608 2024-01-01 2024-12-31 10482608 frs-core:CurrentFinancialInstruments 2024-12-31 10482608 frs-core:Non-currentFinancialInstruments 2024-12-31 10482608 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10482608 frs-core:MotorVehicles 2024-12-31 10482608 frs-core:MotorVehicles 2024-01-01 2024-12-31 10482608 frs-core:MotorVehicles 2023-12-31 10482608 frs-core:ShareCapital 2024-12-31 10482608 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10482608 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10482608 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10482608 frs-bus:SmallEntities 2024-01-01 2024-12-31 10482608 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10482608 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10482608 frs-bus:Director1 2024-01-01 2024-12-31 10482608 frs-countries:EnglandWales 2024-01-01 2024-12-31 10482608 2022-10-31 10482608 2023-12-31 10482608 2022-11-01 2023-12-31 10482608 frs-core:CurrentFinancialInstruments 2023-12-31 10482608 frs-core:Non-currentFinancialInstruments 2023-12-31 10482608 frs-core:ShareCapital 2023-12-31 10482608 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10482608
Organic Ventures Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Taylored Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10482608
31 December 2024 31 December 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 50,615 80,375
50,615 80,375
CURRENT ASSETS
Debtors 6 103,601 162,805
Cash at bank and in hand 7,397 10,081
110,998 172,886
Creditors: Amounts Falling Due Within One Year 7 (63,313 ) (110,634 )
NET CURRENT ASSETS (LIABILITIES) 47,685 62,252
TOTAL ASSETS LESS CURRENT LIABILITIES 98,300 142,627
Creditors: Amounts Falling Due After More Than One Year 8 (46,909 ) (84,622 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,653 ) (19,541 )
NET ASSETS 38,738 38,464
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 38,737 38,463
SHAREHOLDERS' FUNDS 38,738 38,464
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Daniel Rhodes
Director
02/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Organic Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10482608 . The registered office is 25 Muirfield Avenue, Doncaster, DN4 6UP. The accounting year has been changed to 31 December (previously 31 October). As a result, the profit and loss figures are based on a 14 month period for this period only. 
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:
Motor Vehicles 4-6 years
Computer Equipment 3 years
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Prior Period Adjustment
During the preparation of the current year’s financial statements, it was identified that the opening accumulated depreciation for the prior year was incorrectly stated. Specifically, accumulated depreciation was understated by £29,878, which resulted in an overstatement of reserves by the same amount.
This error has been corrected in the current year by making an adjustment to reserves and accumulated depreciation. As the error does not affect the current year’s results, no retrospective adjustment has been made to the prior year’s published accounts. The comparative figures have not been restated, as the adjustment has been made solely in the current year.
Management has reviewed the circumstances that led to the error and has implemented measures to prevent similar issues from occurring in future periods.
5. Tangible Assets
Motor Vehicles
£
Cost
As at 1 January 2024 118,470
Disposals (12,000 )
As at 31 December 2024 106,470
Depreciation
As at 1 January 2024 38,095
Provided during the period 24,144
Disposals (6,384 )
As at 31 December 2024 55,855
Net Book Value
As at 31 December 2024 50,615
As at 1 January 2024 80,375
During the current year, it was identified that the opening accumulated depreciation for the prior year was incorrectly stated. The accumulated depreciation balance was understated by £29,878, leading to an overstatement of reserves by the same amount.
This adjustment has been corrected in the current year by increasing accumulated depreciation and reducing reserves accordingly. The correction has been made within the current year’s financial statements, and no retrospective adjustment has been made to the prior year’s published accounts.
6. Debtors
31 December 2024 31 December 2023
as restated
£ £
Due within one year
Trade debtors 45,796 54,000
Due after more than one year
Amounts owed by group undertakings 57,805 -
Other debtors - 108,805
57,805 108,805
103,601 162,805
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
as restated
£ £
Trade creditors 146 136
Bank loans and overdrafts 37,670 37,457
Other creditors 11,012 64,313
Taxation and social security 14,485 8,728
63,313 110,634
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
as restated
£ £
Bank loans 46,909 84,622
9. Share Capital
31 December 2024 31 December 2023
as restated
£ £
Allotted, Called up and fully paid 1 1
Page 5