Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 00285382 Mr Anthony Hill Mr Noel Peck iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00285382 2024-03-31 00285382 2025-03-31 00285382 2024-04-01 2025-03-31 00285382 frs-core:CurrentFinancialInstruments 2025-03-31 00285382 frs-core:Non-currentFinancialInstruments 2025-03-31 00285382 frs-core:FurnitureFittings 2025-03-31 00285382 frs-core:FurnitureFittings 2024-04-01 2025-03-31 00285382 frs-core:FurnitureFittings 2024-03-31 00285382 frs-core:OtherReservesSubtotal 2025-03-31 00285382 frs-core:ShareCapital 2025-03-31 00285382 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 00285382 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00285382 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 00285382 frs-bus:SmallEntities 2024-04-01 2025-03-31 00285382 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00285382 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00285382 frs-bus:Director1 2024-04-01 2025-03-31 00285382 frs-bus:Director1 2024-03-31 00285382 frs-bus:Director1 2025-03-31 00285382 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 00285382 frs-core:CurrentFinancialInstruments 1 2025-03-31 00285382 frs-core:CurrentFinancialInstruments 2 2025-03-31 00285382 frs-core:CurrentFinancialInstruments 3 2025-03-31 00285382 frs-core:CurrentFinancialInstruments 5 2025-03-31 00285382 frs-core:CurrentFinancialInstruments 6 2025-03-31 00285382 frs-countries:EnglandWales 2024-04-01 2025-03-31 00285382 2023-03-31 00285382 2024-03-31 00285382 2023-04-01 2024-03-31 00285382 frs-core:CurrentFinancialInstruments 2024-03-31 00285382 frs-core:Non-currentFinancialInstruments 2024-03-31 00285382 frs-core:OtherReservesSubtotal 2024-03-31 00285382 frs-core:ShareCapital 2024-03-31 00285382 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00285382 frs-core:CurrentFinancialInstruments 1 2024-03-31 00285382 frs-core:CurrentFinancialInstruments 2 2024-03-31 00285382 frs-core:CurrentFinancialInstruments 3 2024-03-31 00285382 frs-core:CurrentFinancialInstruments 4 2024-03-31 00285382 frs-core:CurrentFinancialInstruments 5 2024-03-31 00285382 frs-core:CurrentFinancialInstruments 6 2024-03-31 00285382 frs-core:CurrentFinancialInstruments 7 2024-03-31
Registered number: 00285382
Valetcraft Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Andrews & Company
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00285382
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 317 423
317 423
CURRENT ASSETS
Debtors 5 96,119 120,577
Cash at bank and in hand 1,683 1,658
97,802 122,235
Creditors: Amounts Falling Due Within One Year 6 (71,821 ) (51,505 )
NET CURRENT ASSETS (LIABILITIES) 25,981 70,730
TOTAL ASSETS LESS CURRENT LIABILITIES 26,298 71,153
Creditors: Amounts Falling Due After More Than One Year 7 (33,496 ) (36,838 )
NET (LIABILITIES)/ASSETS (7,198 ) 34,315
CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Other reserves 8,152 8,152
Profit and Loss Account (17,350 ) 24,163
SHAREHOLDERS' FUNDS (7,198) 34,315
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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 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 Profit and Loss Account.
On behalf of the board
Mr Anthony Hill
Director
09/10/2025
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
Valetcraft Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00285382 . The registered office is 4 Grand Cinema Buildings, Poole Road, Bournemouth, Dorset, BH4 9DW.
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. 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 25% Reducing balance
2.3. 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: 1 (2024: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 9,860
As at 31 March 2025 9,860
Depreciation
As at 1 April 2024 9,437
Provided during the period 106
As at 31 March 2025 9,543
Net Book Value
As at 31 March 2025 317
As at 1 April 2024 423
5. Debtors
2025 2024
£ £
Due within one year
Loan to employee - NicK (1 ) 9,205
VAT recoverable on HSBC insurance invoice 317 317
VAT recoverable 1,303 1,573
Section 419 tax recoverable - 7,642
Section 455 tax 21,301 27,806
ACT recoverable 340 340
Advances to employee - Nick - 6,403
Director's loan account 72,859 67,291
96,119 120,577
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 729 (2 )
Corporation tax 20,487 15,655
PAYE control acct 2,515 2,515
Loan G Pearson - 32
Loan Mrs S Hill - (13,500 )
Loan Ms I Norton - 7,900
Rent deposits - (277 )
Loan Pilgrims (connected co_ 250 250
Loan Palmory Finance ( connected co) 45,720 36,602
Accruals and deferred income 2,120 2,330
71,821 51,505
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bounce Back Loan 33,496 36,838
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2,000 2,000
9. 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 Anthony Hill 67,291 5,568 - - 72,858
The above loan is unsecured, interest free and repayable on demand.
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