Acorah Software Products - Accounts Production 16.5.460 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07756327 Mr D Omari iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07756327 2023-08-31 07756327 2024-08-31 07756327 2023-09-01 2024-08-31 07756327 frs-core:CurrentFinancialInstruments 2024-08-31 07756327 frs-core:BetweenOneFiveYears 2024-08-31 07756327 frs-core:ComputerEquipment 2024-08-31 07756327 frs-core:ComputerEquipment 2023-09-01 2024-08-31 07756327 frs-core:ComputerEquipment 2023-08-31 07756327 frs-core:FurnitureFittings 2024-08-31 07756327 frs-core:FurnitureFittings 2023-09-01 2024-08-31 07756327 frs-core:FurnitureFittings 2023-08-31 07756327 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 07756327 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 07756327 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 07756327 frs-core:MoreThanFiveYears 2024-08-31 07756327 frs-core:WithinOneYear 2024-08-31 07756327 frs-core:ShareCapital 2024-08-31 07756327 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07756327 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07756327 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07756327 frs-bus:SmallEntities 2023-09-01 2024-08-31 07756327 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07756327 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07756327 frs-bus:Director1 2023-09-01 2024-08-31 07756327 frs-countries:EnglandWales 2023-09-01 2024-08-31 07756327 2022-08-31 07756327 2023-08-31 07756327 2022-09-01 2023-08-31 07756327 frs-core:CurrentFinancialInstruments 2023-08-31 07756327 frs-core:BetweenOneFiveYears 2023-08-31 07756327 frs-core:MoreThanFiveYears 2023-08-31 07756327 frs-core:WithinOneYear 2023-08-31 07756327 frs-core:ShareCapital 2023-08-31 07756327 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 07756327 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 07756327
RICHERS & VISION LTD
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07756327
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,759 37,302
34,759 37,302
CURRENT ASSETS
Stocks 5 460,670 342,282
Debtors 6 419,085 486,507
Cash at bank and in hand 139,354 147,153
1,019,109 975,942
Creditors: Amounts Falling Due Within One Year 7 (1,025,317 ) (923,269 )
NET CURRENT ASSETS (LIABILITIES) (6,208 ) 52,673
TOTAL ASSETS LESS CURRENT LIABILITIES 28,551 89,975
NET ASSETS 28,551 89,975
CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Profit and Loss Account (21,449 ) 39,975
SHAREHOLDERS' FUNDS 28,551 89,975
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For the year ending 31 August 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 D Omari
Director
30/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
RICHERS & VISION LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07756327 . The registered office is Lion Court, Farnham Road, Bordon, England, GU35 0NF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The company's functional and presentational currency is pound sterling.
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Leasehold Over the term of the lease
Fixtures & Fittings 20% Straight-line method
Computer Equipment 33% Straight-line method
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to 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.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.6. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
2.7. Foreign Currencies
Monetary assets and liabilities 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. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3. Average Number of Employees
The average monthly number of employees, including directors, during the year were  6 (2023: 5)
6 5
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 38,150 20,283 1,936 60,369
As at 31 August 2024 38,150 20,283 1,936 60,369
Depreciation
As at 1 September 2023 848 20,283 1,936 23,067
Provided during the period 2,543 - - 2,543
As at 31 August 2024 3,391 20,283 1,936 25,610
Net Book Value
As at 31 August 2024 34,759 - - 34,759
As at 1 September 2023 37,302 - - 37,302
5. Stocks
2024 2023
£ £
Finished goods 460,670 342,282
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 213,593 283,387
Prepayments and accrued income 11,594 -
Other debtors 149,236 -
Other debtors (1) - 149,236
VAT 44,662 53,777
Other taxes and social security - 107
419,085 486,507
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,594 86,500
Bank loans and overdrafts 33 -
Other taxes and social security 3,383 -
Accruals and deferred income 168,215 101,968
Director's loan account 794,092 734,801
1,025,317 923,269
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 225,000 225,000
Later than one year and not later than five years 1,314,795 1,314,795
Later than five years 2,169,247 2,394,247
3,709,042 3,934,042
10. Related Party Transactions
At the year end, the company owed the director £794,092 (2023 - £734,801). This is an interest free loan
and repayable on demand.
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