Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10999274 Mr D R Lewis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10999274 2024-03-31 10999274 2025-03-31 10999274 2024-04-01 2025-03-31 10999274 frs-core:CurrentFinancialInstruments 2025-03-31 10999274 frs-core:ComputerEquipment 2025-03-31 10999274 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10999274 frs-core:ComputerEquipment 2024-03-31 10999274 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 10999274 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10999274 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 10999274 frs-core:MotorVehicles 2025-03-31 10999274 frs-core:MotorVehicles 2024-04-01 2025-03-31 10999274 frs-core:MotorVehicles 2024-03-31 10999274 frs-core:ShareCapital 2025-03-31 10999274 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10999274 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10999274 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10999274 frs-bus:SmallEntities 2024-04-01 2025-03-31 10999274 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10999274 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10999274 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 10999274 frs-bus:OrdinaryShareClass1 2025-03-31 10999274 frs-bus:OrdinaryShareClass2 2024-04-01 2025-03-31 10999274 frs-bus:OrdinaryShareClass2 2025-03-31 10999274 frs-bus:Director1 2024-04-01 2025-03-31 10999274 frs-countries:EnglandWales 2024-04-01 2025-03-31 10999274 2023-03-31 10999274 2024-03-31 10999274 2023-04-01 2024-03-31 10999274 frs-core:CurrentFinancialInstruments 2024-03-31 10999274 frs-core:WithinOneYear 2024-03-31 10999274 frs-core:ShareCapital 2024-03-31 10999274 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10999274 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10999274 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31
Registered number: 10999274
D R Lewis Vascular Specialist Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10999274
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,410 50,549
27,410 50,549
CURRENT ASSETS
Debtors 5 18,538 15,829
Cash at bank and in hand 342,523 240,139
361,061 255,968
Creditors: Amounts Falling Due Within One Year 6 (49,912 ) (47,894 )
NET CURRENT ASSETS (LIABILITIES) 311,149 208,074
TOTAL ASSETS LESS CURRENT LIABILITIES 338,559 258,623
PROVISIONS FOR LIABILITIES
Deferred Taxation (895 ) (6,080 )
NET ASSETS 337,664 252,543
CAPITAL AND RESERVES
Called up share capital 8 668 668
Profit and Loss Account 336,996 251,875
SHAREHOLDERS' FUNDS 337,664 252,543
Page 1
Page 2
For the year ending 31 March 2025 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 D R Lewis
Director
11 August 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
D R Lewis Vascular Specialist Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10999274 . The registered office is Severn House, Hazell Drive, Newport, NP10 8FY.
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. Significant judgements and estimations
In the application of the company’s accounting policies, the director is 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.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period the revision and future periods where the revisions affects both current and future periods
2.3. 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.
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.
2.4. 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:
Freehold 2% Straight line
Motor Vehicles 20% Reducing balance
Computer Equipment 20% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Page 3
Page 4
2.6. 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: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 26,585 39,786 9,370 75,741
Disposals - (39,786 ) - (39,786 )
As at 31 March 2025 26,585 - 9,370 35,955
Depreciation
As at 1 April 2024 2,495 18,143 4,554 25,192
Provided during the period 532 - 964 1,496
Disposals - (18,143 ) - (18,143 )
As at 31 March 2025 3,027 - 5,518 8,545
Net Book Value
As at 31 March 2025 23,558 - 3,852 27,410
As at 1 April 2024 24,090 21,643 4,816 50,549
Page 4
Page 5
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 18,151 15,402
Other debtors 387 427
18,538 15,829
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 15,310
Trade creditors 14,425 360
Other creditors 2,386 6,180
Taxation and social security 33,101 26,044
49,912 47,894
7. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 15,310
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
501 Ordinary Shares of £ 1.00 each 501 501
167 Ordinary A shares of £ 1.00 each 167 167
668 668
9. Related Party Transactions
Relationship: Director
During the year the director made unsecured, interest free, repayable on demand loans to the company. At the balance sheet date the company owed the director £373 (2024: £1,773).
Page 5