Acorah Software Products - Accounts Production 18.1.170 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 06509234 Mr James Hallett Mr Brian Hallett Mr Christopher Edwards Mr Neal MARSHALL Mrs Shelley Gutteridge Mr Jongeui Hong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06509234 2024-07-31 06509234 2025-07-31 06509234 2024-08-01 2025-07-31 06509234 frs-core:CurrentFinancialInstruments 2025-07-31 06509234 frs-core:Non-currentFinancialInstruments 2025-07-31 06509234 frs-core:BetweenOneFiveYears 2025-07-31 06509234 frs-core:ComputerEquipment 2025-07-31 06509234 frs-core:ComputerEquipment 2024-08-01 2025-07-31 06509234 frs-core:ComputerEquipment 2024-07-31 06509234 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-07-31 06509234 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-01 2025-07-31 06509234 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 06509234 frs-core:FurnitureFittings 2025-07-31 06509234 frs-core:FurnitureFittings 2024-08-01 2025-07-31 06509234 frs-core:FurnitureFittings 2024-07-31 06509234 frs-core:OtherResidualIntangibleAssets 2025-07-31 06509234 frs-core:OtherResidualIntangibleAssets 2024-08-01 2025-07-31 06509234 frs-core:OtherResidualIntangibleAssets 2024-07-31 06509234 frs-core:PlantMachinery 2025-07-31 06509234 frs-core:PlantMachinery 2024-08-01 2025-07-31 06509234 frs-core:PlantMachinery 2024-07-31 06509234 frs-core:ShareCapital 2025-07-31 06509234 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 06509234 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 06509234 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 06509234 frs-bus:SmallEntities 2024-08-01 2025-07-31 06509234 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 06509234 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 06509234 frs-core:UnlistedNon-exchangeTraded 2025-07-31 06509234 frs-core:UnlistedNon-exchangeTraded 2024-07-31 06509234 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 06509234 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-07-31 06509234 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2025-07-31 06509234 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-07-31 06509234 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 06509234 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-07-31 06509234 frs-bus:Director1 2024-08-01 2025-07-31 06509234 frs-bus:Director1 2024-07-31 06509234 frs-bus:Director1 2025-07-31 06509234 frs-bus:Director2 2024-08-01 2025-07-31 06509234 frs-bus:Director2 2024-07-31 06509234 frs-bus:Director2 2025-07-31 06509234 frs-bus:Director3 2024-08-01 2025-07-31 06509234 frs-bus:Director4 2024-08-01 2025-07-31 06509234 frs-bus:Director4 2024-07-31 06509234 frs-bus:Director4 2025-07-31 06509234 frs-bus:Director5 2024-08-01 2025-07-31 06509234 frs-bus:Director5 2024-07-31 06509234 frs-bus:Director5 2025-07-31 06509234 frs-bus:Director6 2024-08-01 2025-07-31 06509234 frs-countries:EnglandWales 2024-08-01 2025-07-31 06509234 2023-07-31 06509234 2024-07-31 06509234 2023-08-01 2024-07-31 06509234 frs-core:CurrentFinancialInstruments 2024-07-31 06509234 frs-core:Non-currentFinancialInstruments 2024-07-31 06509234 frs-core:BetweenOneFiveYears 2024-07-31 06509234 frs-core:ShareCapital 2024-07-31 06509234 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 06509234
VITAL SEATING & SYSTEMS LIMITED
Financial Statements
For The Year Ended 31 July 2025
Marriotts Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06509234
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 662,004 720,604
Tangible Assets 5 32,142 -
Investments 6 61,315 14,238
755,461 734,842
CURRENT ASSETS
Stocks 7 261,898 103,853
Debtors 8 495,285 452,679
Cash at bank and in hand 128,042 256,763
885,225 813,295
Creditors: Amounts Falling Due Within One Year 9 (658,778 ) (845,880 )
NET CURRENT ASSETS (LIABILITIES) 226,447 (32,585 )
TOTAL ASSETS LESS CURRENT LIABILITIES 981,908 702,257
Creditors: Amounts Falling Due After More Than One Year 10 (249,958 ) (14,238 )
NET ASSETS 731,950 688,019
CAPITAL AND RESERVES
Called up share capital 12 455,580 459,100
Profit and Loss Account 276,370 228,919
SHAREHOLDERS' FUNDS 731,950 688,019
Page 1
Page 2
For the year ending 31 July 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 Brian Hallett
Director
7th April 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VITAL SEATING & SYSTEMS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06509234 . The registered office is Suite 1d, Widford Business Centre, 33 Robjohns Road, Chelmsford, CM1 3AG.
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 - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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 lives, which range from ... to ... 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.
2.5. 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:
Plant & Machinery 5.8%
Fixtures & Fittings 12.75%
Computer Equipment 20%
2.6. 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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Page 4
2.7. 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.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: )
11 -
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 August 2024 1,379,000 16,604 1,395,604
Additions - 16,800 16,800
As at 31 July 2025 1,379,000 33,404 1,412,404
Amortisation
As at 1 August 2024 675,000 - 675,000
Provided during the period 75,400 - 75,400
As at 31 July 2025 750,400 - 750,400
Net Book Value
As at 31 July 2025 628,600 33,404 662,004
As at 1 August 2024 704,000 16,604 720,604
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2024 731 4,429 4,976 10,136
Additions 130 6,124 28,250 34,504
As at 31 July 2025 861 10,553 33,226 44,640
Depreciation
As at 1 August 2024 731 4,429 4,976 10,136
Provided during the period 8 781 1,573 2,362
As at 31 July 2025 739 5,210 6,549 12,498
Net Book Value
As at 31 July 2025 122 5,343 26,677 32,142
As at 1 August 2024 - - - -
6. Investments
Unlisted
£
Cost or Valuation
As at 1 August 2024 14,238
Additions 61,315
Disposals (14,238 )
As at 31 July 2025 61,315
Provision
As at 1 August 2024 -
As at 31 July 2025 -
Net Book Value
As at 31 July 2025 61,315
As at 1 August 2024 14,238
7. Stocks
2025 2024
£ £
Materials 104,752 93,853
Work in progress 157,146 10,000
261,898 103,853
Page 5
Page 6
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 300,478 239,834
Other debtors 174,928 189,745
475,406 429,579
Due after more than one year
Other debtors 19,879 23,100
495,285 452,679
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 175,581 174,610
Other creditors 462,373 665,135
Taxation and social security 20,824 6,135
658,778 845,880
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 14,238
Other creditors 249,958 -
249,958 14,238
11. 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 - 14,238
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 455,580 459,100
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13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2025
£ £ £ £ £
Mr James Hallett - 7,681 7,681 - -
Mr Brian Hallett - 26,024 26,024 - -
Mr Neal MARSHALL - 28,611 28,611 - -
Mrs Shelley Gutteridge - 26,753 26,753 - -
The above loan is unsecured, interest free and repayable on demand.
Page 7