Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 02975584 Mr Paul Clementis Mrs Jacqueline Clementis Mrs Jacqueline Clementis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02975584 2024-01-31 02975584 2025-01-31 02975584 2024-02-01 2025-01-31 02975584 frs-core:CurrentFinancialInstruments 2025-01-31 02975584 frs-core:BetweenOneFiveYears 2025-01-31 02975584 frs-core:FurnitureFittings 2024-02-01 2025-01-31 02975584 frs-core:NetGoodwill 2025-01-31 02975584 frs-core:NetGoodwill 2024-02-01 2025-01-31 02975584 frs-core:NetGoodwill 2024-01-31 02975584 frs-core:PlantMachinery 2025-01-31 02975584 frs-core:PlantMachinery 2024-02-01 2025-01-31 02975584 frs-core:PlantMachinery 2024-01-31 02975584 frs-core:WithinOneYear 2025-01-31 02975584 frs-core:ShareCapital 2025-01-31 02975584 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 02975584 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 02975584 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 02975584 frs-bus:SmallEntities 2024-02-01 2025-01-31 02975584 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 02975584 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 02975584 frs-bus:Director1 2024-02-01 2025-01-31 02975584 frs-bus:Director1 2024-01-31 02975584 frs-bus:Director1 2025-01-31 02975584 frs-bus:Director2 2024-02-01 2025-01-31 02975584 frs-bus:Director2 2024-01-31 02975584 frs-bus:Director2 2025-01-31 02975584 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 02975584 frs-countries:EnglandWales 2024-02-01 2025-01-31 02975584 2023-01-31 02975584 2024-01-31 02975584 2023-02-01 2024-01-31 02975584 frs-core:CurrentFinancialInstruments 2024-01-31 02975584 frs-core:BetweenOneFiveYears 2024-01-31 02975584 frs-core:WithinOneYear 2024-01-31 02975584 frs-core:ShareCapital 2024-01-31 02975584 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 02975584
Validhirst Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02975584
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,610 13,110
Tangible Assets 5 5,145 1,297
10,755 14,407
CURRENT ASSETS
Stocks 380,765 400,901
Debtors 6 165,342 206,254
Cash at bank and in hand 85,810 72,372
631,917 679,527
Creditors: Amounts falling due within one year 7 (284,598 ) (339,267 )
NET CURRENT ASSETS (LIABILITIES) 347,319 340,260
TOTAL ASSETS LESS CURRENT LIABILITIES 358,074 354,667
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,286 ) (246 )
NET ASSETS 356,788 354,421
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 356,786 354,419
SHAREHOLDERS' FUNDS 356,788 354,421
Page 1
Page 2
For the year ending 31 January 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 Paul Clementis
Director
07/08/2025
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
Validhirst Limited is a private company limited by shares, and is incorporated in England & Wales (registered number 02975584 .) Its registered office is located at 62 The Street, Ashtead, Surrey, KT21 1AT.
The principal activity of the company continued to be that of a retailer of cameras and camera equipment.
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.
The financial statements are presented in sterling, which is the functional currency of the company.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have been consitently applied within the same accounts.
2.2. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
Estimates and their underlying assumptions are reviewed on an ongoing basis.
The items in the financial statements where these judgements and estimates have been made include:
  •  the useful life of fixed assets
  • Asset residual values
  • Stock obsolescence
2.3. Turnover
Turnover from the sale of goods is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.  
Turnover from the sale of goods is recognised when the company has fulfilled its contractual obligations and the significant risks and rewards of ownership of the goods has transferred to the customer. This is usually at the point that the customer has taken delivery of the goods.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of eight years.
2.5. 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:
Fixtures & Fittings 20% on cost
Impairment of Assets
At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment been recognised for the asset in prior years.
All impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Page 3
Page 4
2.6. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged to profit and loss account on a straight line basis over the lease term.
2.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
2.8. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans with related parties and other third parties.
Financial Assets
Basic financial assets, including trade and other receivables, and cash and bank balances are recognised at transaction price, less any impairment.
Financial Liabilities
Basic financial liabilities, including trade and other payables, are recognised at transaction price, less any impairment, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.9. Foreign Currencies
Monetary assets and liabilities denominated 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. All foreign exchange differences are taken to the profit and loss account.
2.10. Taxation
The overall tax charge represents the sum of the tax currently payable and deferred tax.
Current and deferred tax are recognised in the profit and loss account 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.  On the grounds of immateriality, deferred tax assets and liabilities are not discounted.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because it excludes items of income and expenditure that are not taxable or deductible, or that are taxable or deductible in other accounting periods. 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
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise.  Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the financial statements. 
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered.
2.11. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.12. Employee Benefits
 The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 11)
9 11
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 60,000
As at 31 January 2025 60,000
Amortisation
As at 1 February 2024 46,890
Provided during the period 7,500
As at 31 January 2025 54,390
Net Book Value
As at 31 January 2025 5,610
As at 1 February 2024 13,110
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2024 8,387
Additions 4,652
Disposals (4,499 )
As at 31 January 2025 8,540
Depreciation
As at 1 February 2024 7,090
Provided during the period 804
Disposals (4,499 )
As at 31 January 2025 3,395
Net Book Value
As at 31 January 2025 5,145
As at 1 February 2024 1,297
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 111,734 104,807
Other debtors 53,608 101,447
165,342 206,254
Page 5
Page 6
7. Creditors: Amounts falling due within one year
2025 2024
£ £
Trade creditors 221,706 228,368
Other creditors 4,087 2,899
Taxation and social security 58,805 108,000
284,598 339,267
8. Other Commitments
At the balance sheet date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:
2025 2024
£ £
Not later than one year 65,000 -
Later than one year and not later than five years 68,250 -
133,250 -
9. Directors Advances, Credits and Guarantees
Included within debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Paul Clementis 6,986 6,674 (6,986 ) - 6,674
Mrs Jacqueline Clementis 6,986 6,674 (6,986 ) - 6,674
Page 6