Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12025371 Octaive Holdings Limited Mr Samuel Douglas Peters Octaive Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12025371 2023-12-31 12025371 2024-12-31 12025371 2024-01-01 2024-12-31 12025371 frs-core:Non-currentFinancialInstruments 2024-12-31 12025371 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12025371 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 12025371 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12025371 frs-core:ShareCapital 2024-12-31 12025371 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12025371 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12025371 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 12025371 frs-bus:SmallEntities 2024-01-01 2024-12-31 12025371 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12025371 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12025371 1 2024-01-01 2024-12-31 12025371 frs-bus:Director1 2024-01-01 2024-12-31 12025371 frs-bus:Director1 2023-12-31 12025371 frs-bus:Director1 2024-12-31 12025371 frs-bus:Director2 2024-01-01 2024-12-31 12025371 frs-countries:EnglandWales 2024-01-01 2024-12-31 12025371 2022-12-31 12025371 2023-12-31 12025371 2023-01-01 2023-12-31 12025371 frs-core:Non-currentFinancialInstruments 2023-12-31 12025371 frs-core:WithinOneYear 2023-12-31 12025371 frs-core:ShareCapital 2023-12-31 12025371 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12025371
Vyde Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
OnTheGo Accountants
330 Holborn Gate
High Holborn
London
WC1V 7QH
Vyde Ltd
Contents
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Vyde Ltd
Abridged Balance Sheet
As At 31 December 2024
Abridged Balance Sheet
Registered number: 12025371
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,884 22,590
Tangible Assets 5 1,254 3,402
21,138 25,992
CURRENT ASSETS
Debtors 233,408 236,258
Cash at bank and in hand 82,491 322,959
315,899 559,217
Creditors: Amounts Falling Due Within One Year (529,406 ) (422,035 )
NET CURRENT ASSETS (LIABILITIES) (213,507 ) 137,182
TOTAL ASSETS LESS CURRENT LIABILITIES (192,369 ) 163,174
Creditors: Amounts Falling Due After More Than One Year (200,000 ) (201,976 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (313 ) (646 )
NET LIABILITIES (392,682 ) (39,448 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (392,684 ) (39,450 )
SHAREHOLDERS' FUNDS (392,682) (39,448)
Page 1
Page 2
Vyde Ltd
Abridged 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Samuel Douglas Peters
Director
23/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Vyde Ltd
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2024
Notes to the Abridged Financial Statements
1. General Information
Vyde Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12025371 . The registered office is 20 Chapel Street, 13th Floor, Liverpool, Merseyside, L3 9AG.
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. 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. Significant judgements and estimations
In the application of the Company's accounting policies, the directors are required to make judgements that have a
significant impact on the amounts recognised. The following are the critical judgements that the directors have made in
the process of applying the Company's accounting policies and that have the most significant effect on the amounts
recognised in the financial statements.
2.4. 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 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.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows: 
Other intangible assets                                          10% Straight line
Trademarks, patents and licences 
Separately acquired patents and trademarks are included at cost and amortised over their useful life curreently 5 years. 
2.6. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives of ten years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.7. 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 3 years straight line
Computer Equipment 3 years straight line
Page 3
Page 4
Vyde Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. 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 profit and loss account as incurred.
2.9. Foreign Currencies
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date. 
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income. 
2.10. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.11. 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.
2.12. Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described above.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 10)
12 10
Page 4
Page 5
Vyde Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
4. Intangible Assets
Total
£
Cost
As at 1 January 2024 23,787
As at 31 December 2024 23,787
Amortisation
As at 1 January 2024 1,197
Provided during the period 2,706
As at 31 December 2024 3,903
Net Book Value
As at 31 December 2024 19,884
As at 1 January 2024 22,590
5. Tangible Assets
Total
£
Cost
As at 1 January 2024 8,652
Additions 916
As at 31 December 2024 9,568
Depreciation
As at 1 January 2024 5,250
Provided during the period 3,064
As at 31 December 2024 8,314
Net Book Value
As at 31 December 2024 1,254
As at 1 January 2024 3,402
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,056
Page 5
Page 6
Vyde Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024
2023
£
£
At the beginning of financial year
(1,189)
(181)
Charged to the Profit and Loss Account
543
(1,008)
image
image
At the end of financial year
(646)
image
(1,189)
image
2024 2023
£ £
Other timing differences 313 646
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. 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 Samuel Peters - 400 (27 ) - 373
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Octaive Holdings LimitedParent CompanyAt the end of reported period the closing balance owed to Octaive Holding Limited was £281,013. No movement from 31st December 2022.

Octaive Holdings Limited

Parent Company

At the end of reported period the closing balance owed to Octaive Holding Limited was £281,013. No movement from 31st December 2022.

11. Ultimate Controlling Party
The company's ultimate controlling party is Octaive Holdings Limited by virtue of his ownership of 100% of the issued share
capital in the company.
Octaive Holdings Limited (12022937)
20 Chapel Street, 13th Floor,
Liverpool, Merseyside,
England, L3 9AG
Page 6