Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10532653 Mr Vincent Roberts Mr Matthew Bedingham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10532653 2023-12-31 10532653 2024-12-31 10532653 2024-01-01 2024-12-31 10532653 frs-core:CurrentFinancialInstruments 2024-12-31 10532653 frs-core:Non-currentFinancialInstruments 2024-12-31 10532653 frs-core:FurnitureFittings 2024-12-31 10532653 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10532653 frs-core:FurnitureFittings 2023-12-31 10532653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 10532653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10532653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 10532653 frs-core:ShareCapital 2024-12-31 10532653 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 10532653 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10532653 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10532653 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10532653 frs-bus:SmallEntities 2024-01-01 2024-12-31 10532653 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10532653 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10532653 frs-bus:Director1 2024-01-01 2024-12-31 10532653 frs-bus:Director2 2024-01-01 2024-12-31 10532653 frs-countries:EnglandWales 2024-01-01 2024-12-31 10532653 2022-12-31 10532653 2023-12-31 10532653 2023-01-01 2023-12-31 10532653 frs-core:CurrentFinancialInstruments 2023-12-31 10532653 frs-core:Non-currentFinancialInstruments 2023-12-31 10532653 frs-core:ShareCapital 2022-12-31 10532653 frs-core:ShareCapital 2023-12-31 10532653 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10532653 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 10532653 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10532653
Valhalla (York) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
R Stride & Co LLP
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 10532653
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,580,922 1,130,281
1,580,922 1,130,281
CURRENT ASSETS
Stocks 5 8,280 16,038
Cash at bank and in hand 89,706 130,625
97,986 146,663
Creditors: Amounts Falling Due Within One Year 6 (329,036 ) (348,648 )
NET CURRENT ASSETS (LIABILITIES) (231,050 ) (201,985 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,349,872 928,296
Creditors: Amounts Falling Due After More Than One Year 7 (704,724 ) (489,726 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (7,589 )
NET ASSETS 645,148 430,981
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 644,948 430,781
SHAREHOLDERS' FUNDS 645,148 430,981
Page 1
Page 2
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
Mr Vincent Roberts
Director
Mr Matthew Bedingham
Director
29th September 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 200 303,351 303,551
Profit for the year and total comprehensive income - 239,430 239,430
Dividends paid - (112,000) (112,000)
As at 31 December 2023 and 1 January 2024 200 430,781 430,981
Profit for the year and total comprehensive income - 297,597 297,597
Dividends paid - (83,430) (83,430)
As at 31 December 2024 200 644,948 645,148
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Valhalla (York) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10532653 . The registered office is 4 Patrick Pool, York, North Yorkshire, YO1 8BB.
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:
Freehold 2%
Fixtures & Fittings 20%
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.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 16)
17 16
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 1,154,092 71,650 1,225,742
Additions 488,145 840 488,985
As at 31 December 2024 1,642,237 72,490 1,714,727
Depreciation
As at 1 January 2024 56,077 39,384 95,461
Provided during the period 31,723 6,621 38,344
As at 31 December 2024 87,800 46,005 133,805
Net Book Value
As at 31 December 2024 1,554,437 26,485 1,580,922
As at 1 January 2024 1,098,015 32,266 1,130,281
5. Stocks
2024 2023
£ £
Stock 8,280 16,038
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,335 27,331
Other creditors 120,252 170,849
Taxation and social security 201,449 150,468
329,036 348,648
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 704,724 489,726
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5