Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08784981 Mr Michael Hugh Thorne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08784981 2023-12-31 08784981 2024-12-31 08784981 2024-01-01 2024-12-31 08784981 frs-core:CurrentFinancialInstruments 2024-12-31 08784981 frs-core:ComputerEquipment 2024-12-31 08784981 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08784981 frs-core:ComputerEquipment 2023-12-31 08784981 frs-core:PlantMachinery 2024-12-31 08784981 frs-core:PlantMachinery 2024-01-01 2024-12-31 08784981 frs-core:PlantMachinery 2023-12-31 08784981 frs-core:ShareCapital 2024-12-31 08784981 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08784981 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08784981 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08784981 frs-bus:SmallEntities 2024-01-01 2024-12-31 08784981 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08784981 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08784981 frs-bus:Director1 2024-01-01 2024-12-31 08784981 frs-countries:EnglandWales 2024-01-01 2024-12-31 08784981 2022-12-31 08784981 2023-12-31 08784981 2023-01-01 2023-12-31 08784981 frs-core:CurrentFinancialInstruments 2023-12-31 08784981 frs-core:ShareCapital 2023-12-31 08784981 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08784981
Farm Veterinary Aviation Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08784981
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 7,471
- 7,471
CURRENT ASSETS
Debtors 5 185 4,504
Cash at bank and in hand 64,754 25,724
64,939 30,228
Creditors: Amounts Falling Due Within One Year 6 (56,987 ) (187,069 )
NET CURRENT ASSETS (LIABILITIES) 7,952 (156,841 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,952 (149,370 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,420 )
NET ASSETS/(LIABILITIES) 7,952 (150,790 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 7,852 (150,890 )
SHAREHOLDERS' FUNDS 7,952 (150,790)
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 Michael Hugh Thorne
Director
14 August 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
Farm Veterinary Aviation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08784981 . The registered office is 1-3 Kings Road Kings Road, Melton Mowbray, Leicestershire, LE13 1QF.
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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 33% on cost and 10% on cost
Computer Equipment 33% on cost
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.
2.6. Taxation
Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 265,024 322 265,346
Disposals (265,024 ) (322 ) (265,346 )
As at 31 December 2024 - - -
Depreciation
As at 1 January 2024 257,553 322 257,875
Provided during the period 7,471 - 7,471
Disposals (265,024 ) (322 ) (265,346 )
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 7,471 - 7,471
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 4,504
Other debtors 185 -
185 4,504
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,256 153
Corporation tax 54,931 7,507
VAT - 3,274
Accruals and deferred income 800 750
Director's loan account - 29,912
Amounts owed to associates - 145,473
56,987 187,069
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3