Acorah Software Products - Accounts Production 18.1.170 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 03703900 Mr Michael McDonald Mrs Lisa McDonald Mr Ryan McDonald Mr Nathan McDonald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03703900 2024-04-30 03703900 2025-04-30 03703900 2024-05-01 2025-04-30 03703900 frs-core:CurrentFinancialInstruments 2025-04-30 03703900 frs-core:Non-currentFinancialInstruments 2025-04-30 03703900 frs-core:ComputerEquipment 2025-04-30 03703900 frs-core:ComputerEquipment 2024-05-01 2025-04-30 03703900 frs-core:ComputerEquipment 2024-04-30 03703900 frs-core:FurnitureFittings 2025-04-30 03703900 frs-core:FurnitureFittings 2024-05-01 2025-04-30 03703900 frs-core:FurnitureFittings 2024-04-30 03703900 frs-core:NetGoodwill 2025-04-30 03703900 frs-core:NetGoodwill 2024-05-01 2025-04-30 03703900 frs-core:NetGoodwill 2024-04-30 03703900 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 03703900 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-30 03703900 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 03703900 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 03703900 frs-core:MotorVehicles 2025-04-30 03703900 frs-core:MotorVehicles 2024-05-01 2025-04-30 03703900 frs-core:MotorVehicles 2024-04-30 03703900 frs-core:PlantMachinery 2025-04-30 03703900 frs-core:PlantMachinery 2024-05-01 2025-04-30 03703900 frs-core:PlantMachinery 2024-04-30 03703900 frs-core:ShareCapital 2025-04-30 03703900 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 03703900 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03703900 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 03703900 frs-bus:SmallEntities 2024-05-01 2025-04-30 03703900 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 03703900 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 03703900 frs-bus:Director1 2024-05-01 2025-04-30 03703900 frs-bus:Director2 2024-05-01 2025-04-30 03703900 frs-bus:Director3 2024-05-01 2025-04-30 03703900 frs-bus:Director4 2024-05-01 2025-04-30 03703900 frs-countries:EnglandWales 2024-05-01 2025-04-30 03703900 2023-04-30 03703900 2024-04-30 03703900 2023-05-01 2024-04-30 03703900 frs-core:CurrentFinancialInstruments 2024-04-30 03703900 frs-core:Non-currentFinancialInstruments 2024-04-30 03703900 frs-core:BetweenOneFiveYears 2024-04-30 03703900 frs-core:ShareCapital 2024-04-30 03703900 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 03703900
VOLKSMASTER LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2025
TaxGem Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03703900
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 17,500 20,000
Tangible Assets 5 545,868 619,367
563,368 639,367
CURRENT ASSETS
Debtors 6 47,263 157,266
Cash at bank and in hand 624,796 397,607
672,059 554,873
Creditors: Amounts Falling Due Within One Year 7 (430,275 ) (791,091 )
NET CURRENT ASSETS (LIABILITIES) 241,784 (236,218 )
TOTAL ASSETS LESS CURRENT LIABILITIES 805,152 403,149
Creditors: Amounts Falling Due After More Than One Year 8 (244,518 ) (234,881 )
NET ASSETS 560,634 168,268
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 560,534 168,168
SHAREHOLDERS' FUNDS 560,634 168,268
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For the year ending 30 April 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 Ryan McDonald
Director
20/04/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
VOLKSMASTER LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03703900 . The registered office is 387 Ashton Road, Oldham, Greater Manchester, OL8 2NA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
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:
Freehold Fair Value
Leasehold Fair Value
Plant & Machinery Straight Line
Motor Vehicles Reducing Balance
Fixtures & Fittings Straight Line
Computer Equipment Straight Line
2.5. 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 the profit and loss account as incurred.
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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: 54 (2024: 39)
54 39
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 45,000
As at 30 April 2025 45,000
Amortisation
As at 1 May 2024 25,000
Provided during the period 2,500
As at 30 April 2025 27,500
Net Book Value
As at 30 April 2025 17,500
As at 1 May 2024 20,000
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2024 375,000 464,760 204,075 29,247
Additions 3,990 - 37,759 -
Disposals - - (461 ) -
As at 30 April 2025 378,990 464,760 241,373 29,247
Depreciation
As at 1 May 2024 - 324,723 117,586 21,652
Provided during the period - 74,299 85,309 3,797
Disposals - - (47,904 ) -
As at 30 April 2025 - 399,022 154,991 25,449
Net Book Value
As at 30 April 2025 378,990 65,738 86,382 3,798
As at 1 May 2024 375,000 140,037 86,489 7,595
Computer Equipment Total
£ £
Cost
As at 1 May 2024 34,429 1,107,511
Additions 22,347 64,096
Disposals (13,437 ) (13,898 )
As at 30 April 2025 43,339 1,157,709
Depreciation
As at 1 May 2024 24,183 488,144
Provided during the period 8,196 171,601
Disposals - (47,904 )
As at 30 April 2025 32,379 611,841
Net Book Value
As at 30 April 2025 10,960 545,868
As at 1 May 2024 10,246 619,367
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors (7,760 ) 128,642
Other debtors 55,023 28,624
47,263 157,266
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 243,764 147,297
Other loans - 9,460
Other creditors 34,268 513,478
Taxation and social security 152,243 120,856
430,275 791,091
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 15,882
Other loans 244,518 218,999
244,518 234,881
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 15,882
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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