Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 10717195 T Q Caldwell J A Challenger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10717195 2024-05-31 10717195 2025-05-31 10717195 2024-06-01 2025-05-31 10717195 frs-core:CurrentFinancialInstruments 2025-05-31 10717195 frs-core:Non-currentFinancialInstruments 2025-05-31 10717195 frs-core:ComputerEquipment 2025-05-31 10717195 frs-core:ComputerEquipment 2024-06-01 2025-05-31 10717195 frs-core:ComputerEquipment 2024-05-31 10717195 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-05-31 10717195 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-01 2025-05-31 10717195 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 10717195 frs-core:FurnitureFittings 2025-05-31 10717195 frs-core:FurnitureFittings 2024-06-01 2025-05-31 10717195 frs-core:FurnitureFittings 2024-05-31 10717195 frs-core:MotorVehicles 2025-05-31 10717195 frs-core:MotorVehicles 2024-06-01 2025-05-31 10717195 frs-core:MotorVehicles 2024-05-31 10717195 frs-core:WithinOneYear 2025-05-31 10717195 frs-core:ShareCapital 2025-05-31 10717195 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 10717195 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10717195 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 10717195 frs-bus:SmallEntities 2024-06-01 2025-05-31 10717195 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10717195 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10717195 frs-bus:Director1 2024-06-01 2025-05-31 10717195 frs-bus:Director2 2024-06-01 2025-05-31 10717195 frs-countries:EnglandWales 2024-06-01 2025-05-31 10717195 2023-05-31 10717195 2024-05-31 10717195 2023-06-01 2024-05-31 10717195 frs-core:CurrentFinancialInstruments 2024-05-31 10717195 frs-core:Non-currentFinancialInstruments 2024-05-31 10717195 frs-core:WithinOneYear 2024-05-31 10717195 frs-core:ShareCapital 2024-05-31 10717195 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 10717195
Vericool Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10717195
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 65,265 113,337
Tangible Assets 5 25,178 42,747
90,443 156,084
CURRENT ASSETS
Stocks 6 58,927 9,498
Debtors 7 224,845 158,534
Cash at bank and in hand 281,453 272,972
565,225 441,004
Creditors: Amounts Falling Due Within One Year 8 (487,185 ) (425,387 )
NET CURRENT ASSETS (LIABILITIES) 78,040 15,617
TOTAL ASSETS LESS CURRENT LIABILITIES 168,483 171,701
Creditors: Amounts Falling Due After More Than One Year 9 (35,534 ) (49,500 )
NET ASSETS 132,949 122,201
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 132,849 122,101
SHAREHOLDERS' FUNDS 132,949 122,201
Page 1
Page 2
For the year ending 31 May 2025 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 Income Statement.
On behalf of the board
T Q Caldwell
Director
23 September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vericool Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10717195 . The registered office is Unit 6, Cirrus Court, Glebe Road, Huntingdon, Cambs, PE29 7DL.
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. 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 to ... on a straight line basis over their expected useful economic life of 5 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.
2.4. 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:
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Office Equipment 25% straight line
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2.5. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 13)
13 13
4. Intangible Assets
Development Costs
£
Cost
As at 1 June 2024 375,527
As at 31 May 2025 375,527
Amortisation
As at 1 June 2024 262,190
Provided during the period 48,072
As at 31 May 2025 310,262
...CONTINUED
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Page 5
Net Book Value
As at 31 May 2025 65,265
As at 1 June 2024 113,337
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Office Equipment Total
£ £ £ £
Cost
As at 1 June 2024 46,726 39,034 23,821 109,581
As at 31 May 2025 46,726 39,034 23,821 109,581
Depreciation
As at 1 June 2024 26,168 16,845 23,821 66,834
Provided during the period 7,810 9,759 - 17,569
As at 31 May 2025 33,978 26,604 23,821 84,403
Net Book Value
As at 31 May 2025 12,748 12,430 - 25,178
As at 1 June 2024 20,558 22,189 - 42,747
6. Stocks
2025 2024
£ £
Stock 58,927 -
Materials - 9,498
58,927 9,498
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 224,047 158,534
Other debtors 798 -
224,845 158,534
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 46,708 8,631
Bank loans and overdrafts 19,000 30,985
Corporation tax 64,702 9,456
Other taxes and social security 8,714 11,288
VAT 79,666 69,400
Other creditors 8,034 2,746
Accruals and deferred income 256,089 288,609
Directors' loan accounts 4,272 4,272
487,185 425,387
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 35,534 49,500
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 20,500 20,500
20,500 20,500
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