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Registered number: 02322340
Visiongrade Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02322340
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 480 640
480 640
CURRENT ASSETS
Debtors 5 11,018 44,187
Cash at bank and in hand 4,920 15,692
15,938 59,879
Creditors: Amounts Falling Due Within One Year 6 (55,127 ) (93,713 )
NET CURRENT ASSETS (LIABILITIES) (39,189 ) (33,834 )
TOTAL ASSETS LESS CURRENT LIABILITIES (38,709 ) (33,194 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (91 ) (122 )
NET LIABILITIES (38,800 ) (33,316 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (38,802 ) (33,318 )
SHAREHOLDERS' FUNDS (38,800) (33,316)
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For the year ending 31 March 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 Profit and Loss Account.
On behalf of the board
Mr M D Brook
Director
10th October 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Visiongrade Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02322340 . The registered office is 139-141 Watling Street, Gillingham, Kent, ME7 2YY.
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.
The accounts have been prepared on the basis of going concern.  This basis may not be appropriate because the company had, at 31 March 2025, net liabilities of £38,800 (2024 £33,316).  The validity of the going concern basis is dependent upon the continued support of the company's directors.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Plant & Machinery 15% on reducing balance
Computer Equipment 25% on reducing balance
2.3. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
2.4. 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.
2.5. Debtors
 Short term debtors are measured at transaction price, less any impairment.
2.6. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
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2.7. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: 1)
- 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 1,101 7,157 8,258
As at 31 March 2025 1,101 7,157 8,258
Depreciation
As at 1 April 2024 1,064 6,554 7,618
Provided during the period 9 151 160
As at 31 March 2025 1,073 6,705 7,778
Net Book Value
As at 31 March 2025 28 452 480
As at 1 April 2024 37 603 640
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 11,018 44,187
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 23,874 2,070
Taxation and social security 31,253 91,643
55,127 93,713
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Martin Brook 33,169 - 33,169 - -
The above loan was repaid on 12 December 2024.
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