Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 June 2023 false 1 January 2024 31 December 2024 31 December 2024 08549326 Ferhad Mekic William Green William Green Ferhad Mekic true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08549326 2023-12-31 08549326 2024-12-31 08549326 2024-01-01 2024-12-31 08549326 frs-core:CurrentFinancialInstruments 2024-12-31 08549326 frs-core:Non-currentFinancialInstruments 2024-12-31 08549326 frs-core:ComputerEquipment 2024-12-31 08549326 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08549326 frs-core:ComputerEquipment 2023-12-31 08549326 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 08549326 frs-core:FurnitureFittings 2024-12-31 08549326 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08549326 frs-core:FurnitureFittings 2023-12-31 08549326 frs-core:OtherResidualIntangibleAssets 2024-12-31 08549326 frs-core:OtherResidualIntangibleAssets 2023-12-31 08549326 frs-core:ShareCapital 2024-12-31 08549326 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08549326 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08549326 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08549326 frs-bus:SmallEntities 2024-01-01 2024-12-31 08549326 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08549326 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08549326 1 2024-01-01 2024-12-31 08549326 frs-bus:Director1 2024-01-01 2024-12-31 08549326 frs-bus:Director1 2023-12-31 08549326 frs-bus:Director1 2024-12-31 08549326 frs-bus:Director2 2024-01-01 2024-12-31 08549326 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 08549326 frs-countries:EnglandWales 2024-01-01 2024-12-31 08549326 2023-05-31 08549326 2023-12-31 08549326 2023-06-01 2023-12-31 08549326 frs-core:CurrentFinancialInstruments 2023-12-31 08549326 frs-core:Non-currentFinancialInstruments 2023-12-31 08549326 frs-core:ShareCapital 2023-12-31 08549326 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08549326
Wills Vegan Shoes Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Wills Vegan Shoes Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Wills Vegan Shoes Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 08549326

| 31 December 2024 | 31 December 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | - |  | 1,665
|  |  | - |  | 1,665
CURRENT ASSETS
Stocks | 6 | 766,106 |  | 844,968 |
Debtors | 7 | 482,548 |  | 572,153 |
Cash at bank and in hand |  | 7,662 |  | 27,326 |
|  | 1,256,316 |  | 1,444,447 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,135,812 ) |  | (1,303,344 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 120,504 |  | 141,103
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 120,504 |  | 142,768
Creditors: Amounts Falling Due After More Than One Year | 9 |  | - |  | (15,783 )
NET ASSETS |  |  | 120,504 |  | 126,985
CAPITAL AND RESERVES
Called up share capital | 10 |  | 400 |  | 400
Profit and Loss Account |  |  | 120,104 |  | 126,585
SHAREHOLDERS' FUNDS |  |  | 120,504 |  | 126,985

Page 1
Page 2
Wills Vegan Shoes Limited
Balance Sheet (continued)
As At 31 December 2024
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 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

William Green Director
18/09/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Wills Vegan Shoes Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Wills Vegan Shoes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08549326 . The registered office is 207 Regent Street Floor 3, London, W1B 3HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and the Republic of Ireland - and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.Turnover is reduced for estimated customer returns, rebates and other similar allowances and is stated net of value added taxes.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to the development costs of the company's website. It is amortised to the profit and loss account over its estimated economic life of 5 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 | 25% straight line
Computer Equipment | 25% straight line

2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making allowance for any damaged or slow-moving items. Cost includes all direct costs incurred in bringing the stocks to their present location and condition.
2.7. 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.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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
...CONTINUED
Page 3
Page 4
Wills Vegan Shoes Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7. Financial Instruments - continued
Basic financial liabilities, including creditors, bank loans amd balances with group companies are initially recognised at transaction price 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
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Dividendspayable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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 if payment is due within one year or less. If not, they are presented as noncurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.8. 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.
2.9. 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.
2.10. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 4
Page 5
Wills Vegan Shoes Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2024 | 76,490
As at 31 December 2024 | 76,490
Amortisation
As at 1 January 2024 | 76,490
As at 31 December 2024 | 76,490
Net Book Value
As at 31 December 2024 | -
As at 1 January 2024 | -

5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 5,918 | 27,754 | 33,672
As at 31 December 2024 | 5,918 | 27,754 | 33,672
Depreciation
As at 1 January 2024 | 4,253 | 27,754 | 32,007
Provided during the period | 1,665 | - | 1,665
As at 31 December 2024 | 5,918 | 27,754 | 33,672
Net Book Value
As at 31 December 2024 | - | - | -
As at 1 January 2024 | 1,665 | - | 1,665

6. Stocks

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Finished goods | 766,106 |  | 844,968

7. Debtors

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 61,670 |  | 9,453
Amounts owed by group undertakings | 420,878 |  | 562,700
| 482,548 |  | 572,153

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
Page 5
Page 6
Wills Vegan Shoes Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Creditors: Amounts Falling Due Within One Year

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 263,411 |  | 431,897
Bank loans and overdrafts | 15,666 |  | 10,000
Corporation tax | 157,947 |  | 123,606
Other taxes and social security | 12,576 |  | 39,581
Other creditors | 117,590 |  | 84,712
Directors' loan accounts | 437,026 |  | 487,710
Amounts owed to group undertakings | 131,596 |  | 125,838
| 1,135,812 |  | 1,303,344

Loans from directors bear interest at a commercial interest rate, are unsecured and repayable on demand. The bank loan is unsecured, repayable in instalments over a period of 5 years and bears interest at 2.5% per annum.
9. Creditors: Amounts Falling Due After More Than One Year

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Bank loans - long term portion | - |  | 15,783

10. Share Capital

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 400 |  | 400

11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2024
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr William Green | 2,147 | 57,455 | - | - | 59,602

The above loan is unsecured, interest free and repayable on demand.
12. Ultimate Controlling Party
The company's ultimate controlling party is Ferhad Mekic by virtue of his ownership of 75% of the issued share capital in the company.
Page 6