Acorah Software Products - Accounts Production 19.2.450 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 11012952 Mr Craig Norris Mr Martin Purcell Mr Jamie Martin Mr Jamie Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11012952 2024-10-31 11012952 2025-10-31 11012952 2024-11-01 2025-10-31 11012952 frs-core:CurrentFinancialInstruments 2025-10-31 11012952 frs-core:NetGoodwill 2025-10-31 11012952 frs-core:NetGoodwill 2024-11-01 2025-10-31 11012952 frs-core:NetGoodwill 2024-10-31 11012952 frs-core:SharePremium 2025-10-31 11012952 frs-core:ShareCapital 2025-10-31 11012952 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 11012952 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 11012952 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 11012952 frs-bus:SmallEntities 2024-11-01 2025-10-31 11012952 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 11012952 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 11012952 frs-bus:Director1 2024-11-01 2025-10-31 11012952 frs-bus:Director2 2024-11-01 2025-10-31 11012952 frs-bus:Director3 2024-11-01 2025-10-31 11012952 frs-bus:Director4 2024-11-01 2025-10-31 11012952 frs-countries:EnglandWales 2024-11-01 2025-10-31 11012952 2023-10-31 11012952 2024-10-31 11012952 2023-11-01 2024-10-31 11012952 frs-core:CurrentFinancialInstruments 2024-10-31 11012952 frs-core:SharePremium 2024-10-31 11012952 frs-core:ShareCapital 2024-10-31 11012952 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 11012952
Velocity Marketplaces Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Angel Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11012952
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 650,000 650,000
650,000 650,000
CURRENT ASSETS
Debtors 5 434,100 420,647
Cash at bank and in hand 29,001 59,545
463,101 480,192
Creditors: Amounts Falling Due Within One Year 6 (1,989,127 ) (1,271,969 )
NET CURRENT ASSETS (LIABILITIES) (1,526,026 ) (791,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES (876,026 ) (141,777 )
NET LIABILITIES (876,026 ) (141,777 )
CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Share premium account 924,000 924,000
Profit and Loss Account (1,810,026 ) (1,075,777 )
SHAREHOLDERS' FUNDS (876,026) (141,777)
Page 1
Page 2
For the year ending 31 October 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 Martin Purcell
Director
19/03/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Velocity Marketplaces Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11012952 . The registered office is Town Gate, 38 London Street, Basingstoke, RG21 7NY.
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. 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: 2 (2024: 2)
2 2
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 650,000
As at 31 October 2025 650,000
Net Book Value
As at 31 October 2025 650,000
As at 1 November 2024 650,000
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,477 792
Other debtors 124,247 213,902
Corporation tax recoverable assets 300,376 205,953
434,100 420,647
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 696,375 27,644
Other loans 530,876 340,500
Other taxes and social security 241,319 348,055
VAT 8,332 24,417
Other creditors 132,131 144,986
Accruals and deferred income 183,149 230,000
Directors' loan accounts 196,945 156,367
1,989,127 1,271,969
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
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