Acorah Software Products - Accounts Production 16.5.460 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 09654007 Paul Pritchard Paul Pritchard true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09654007 2024-06-30 09654007 2025-06-30 09654007 2024-07-01 2025-06-30 09654007 frs-core:CurrentFinancialInstruments 2025-06-30 09654007 frs-core:Non-currentFinancialInstruments 2025-06-30 09654007 frs-core:ComputerEquipment 2025-06-30 09654007 frs-core:ComputerEquipment 2024-07-01 2025-06-30 09654007 frs-core:ComputerEquipment 2024-06-30 09654007 frs-core:PlantMachinery 2025-06-30 09654007 frs-core:PlantMachinery 2024-07-01 2025-06-30 09654007 frs-core:PlantMachinery 2024-06-30 09654007 frs-core:ShareCapital 2025-06-30 09654007 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 09654007 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 09654007 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 09654007 frs-bus:SmallEntities 2024-07-01 2025-06-30 09654007 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 09654007 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 09654007 1 2024-07-01 2025-06-30 09654007 frs-bus:Director1 2024-07-01 2025-06-30 09654007 frs-countries:EnglandWales 2024-07-01 2025-06-30 09654007 2023-06-30 09654007 2024-06-30 09654007 2023-07-01 2024-06-30 09654007 frs-core:CurrentFinancialInstruments 2024-06-30 09654007 frs-core:Non-currentFinancialInstruments 2024-06-30 09654007 frs-core:ShareCapital 2024-06-30 09654007 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 09654007
OVC Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09654007
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 800 329
800 329
CURRENT ASSETS
Stocks 5 59,115 59,264
Debtors 6 2,745 1,308
Cash at bank and in hand 469 -
62,329 60,572
Creditors: Amounts Falling Due Within One Year 7 (32,779 ) (31,747 )
NET CURRENT ASSETS (LIABILITIES) 29,550 28,825
TOTAL ASSETS LESS CURRENT LIABILITIES 30,350 29,154
Creditors: Amounts Falling Due After More Than One Year 8 - (5,000 )
NET ASSETS 30,350 24,154
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 30,250 24,054
SHAREHOLDERS' FUNDS 30,350 24,154
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For the year ending 30 June 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 Income Statement.
On behalf of the board
Paul Pritchard
Director
16 September 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
OVC Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09654007 . The registered office is Oldport Cottage, Lywyn Road, Oswestry, Shropshire, SY10 7AA.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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 33.33% straight line
Computer Equipment 33.33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2024 170 2,277 2,447
Additions 1,200 - 1,200
As at 30 June 2025 1,370 2,277 3,647
Depreciation
As at 1 July 2024 170 1,948 2,118
Provided during the period 400 329 729
As at 30 June 2025 570 2,277 2,847
Net Book Value
As at 30 June 2025 800 - 800
As at 1 July 2024 - 329 329
5. Stocks
2025 2024
£ £
Stock - vehicles on hand 59,115 59,264
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,745 -
Other debtors - 1,308
2,745 1,308
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 2,502
Bank loans and overdrafts 5,000 5,409
VAT 547 582
Net wages 1,222 -
Other creditors - 1,226
Director's loan account 26,010 22,028
32,779 31,747
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 5,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Paul Pritchard 3,385 3,400
11. Related Party Transactions
Paul PritchardDirector and shareholderAt the date of the Statement of Financial Position the director was owed £26,010

Paul Pritchard

Director and shareholder

At the date of the Statement of Financial Position the director was owed £26,010

The credit balance is made up of a balance brought forward of £22,028 plus further loans of £3,982. The loan is unsecured and interest free. The loan will be repaid as and when the company has the surplus funds to do so.
12. Ultimate Controlling Party
The company's ultimate controlling party is Paul Pritchard by virtue of his ownership of 100% of the issued share capital in the company.
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