Acorah Software Products - Accounts Production 19.3.600 false true 28 February 2025 1 March 2024 false 1 March 2025 28 February 2026 28 February 2026 07161935 Mr Max Hurst-Franks Ms Simone Hurst Ms S Hurst true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07161935 2025-02-28 07161935 2026-02-28 07161935 2025-03-01 2026-02-28 07161935 frs-core:CurrentFinancialInstruments 2026-02-28 07161935 frs-core:Non-currentFinancialInstruments 2026-02-28 07161935 frs-core:ComputerEquipment 2026-02-28 07161935 frs-core:ComputerEquipment 2025-03-01 2026-02-28 07161935 frs-core:ComputerEquipment 2025-02-28 07161935 frs-core:FurnitureFittings 2026-02-28 07161935 frs-core:FurnitureFittings 2025-03-01 2026-02-28 07161935 frs-core:FurnitureFittings 2025-02-28 07161935 frs-core:ShareCapital 2026-02-28 07161935 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 07161935 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 07161935 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 07161935 frs-bus:SmallEntities 2025-03-01 2026-02-28 07161935 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 07161935 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 07161935 1 2025-03-01 2026-02-28 07161935 frs-bus:Director1 2025-03-01 2026-02-28 07161935 frs-bus:Director2 2025-03-01 2026-02-28 07161935 frs-countries:EnglandWales 2025-03-01 2026-02-28 07161935 2024-02-29 07161935 2025-02-28 07161935 2024-03-01 2025-02-28 07161935 frs-core:CurrentFinancialInstruments 2025-02-28 07161935 frs-core:Non-currentFinancialInstruments 2025-02-28 07161935 frs-core:ShareCapital 2025-02-28 07161935 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 07161935
Vatease International Limited
Unaudited Financial Statements
For The Year Ended 28 February 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07161935
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,553 4,185
5,553 4,185
CURRENT ASSETS
Stocks 5 14,610 6,306
Debtors 6 13,179 15,858
Cash at bank and in hand 13,974 5,453
41,763 27,617
Creditors: Amounts Falling Due Within One Year 7 (32,411 ) (26,264 )
NET CURRENT ASSETS (LIABILITIES) 9,352 1,353
TOTAL ASSETS LESS CURRENT LIABILITIES 14,905 5,538
Creditors: Amounts Falling Due After More Than One Year 8 - (1,150 )
NET ASSETS 14,905 4,388
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 14,805 4,288
SHAREHOLDERS' FUNDS 14,905 4,388
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For the year ending 28 February 2026 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
Ms Simone Hurst
Director
30/07/2026
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
Vatease International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07161935 . The registered office is Windsor House, 44 High Road, Balby, Doncaster, DN4 0PL.
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, excluding discounts, rebates and value added tax.
2.3. 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 15% reducing balance
Computer Equipment 15% reducing balance
2.4. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value. 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.
2.5. 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.
2.6. 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.
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2.7. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 4)
4 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2025 7,538 4,645 12,183
Additions 393 1,714 2,107
As at 28 February 2026 7,931 6,359 14,290
Depreciation
As at 1 March 2025 4,840 3,158 7,998
Provided during the period 444 295 739
As at 28 February 2026 5,284 3,453 8,737
Net Book Value
As at 28 February 2026 2,647 2,906 5,553
As at 1 March 2025 2,698 1,487 4,185
5. Stocks
2026 2025
£ £
Work in progress 14,610 6,306
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 10,410 14,468
Prepayments and accrued income 1,091 340
Other debtors 1,678 1,050
13,179 15,858
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 108 739
Bank loans and overdrafts - 4,053
Corporation tax 12,306 9,350
Other taxes and social security 1,356 984
VAT 8,065 8,709
Other creditors 1,347 803
Accruals and deferred income 1,650 1,590
Directors' loan accounts 7,579 36
32,411 26,264
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 1,150
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2026 2025
£ £
On equity shares:
Interim dividend paid 39,135 34,950
11. Ultimate Controlling Party
The company's ultimate controlling party is Ms S Hurst by virtue of her ownership of 100% of the issued share capital in the company.
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