Acorah Software Products - Accounts Production 19.4.300 false true 30 June 2025 1 July 2024 false 1 July 2025 30 June 2026 30 June 2026 04646508 A Hill B Hill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04646508 2025-06-30 04646508 2026-06-30 04646508 2025-07-01 2026-06-30 04646508 frs-core:CurrentFinancialInstruments 2026-06-30 04646508 frs-core:Non-currentFinancialInstruments 2026-06-30 04646508 frs-core:BetweenOneFiveYears 2026-06-30 04646508 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2026-06-30 04646508 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-07-01 2026-06-30 04646508 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-06-30 04646508 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-07-01 2026-06-30 04646508 frs-core:PlantMachinery 2026-06-30 04646508 frs-core:PlantMachinery 2025-07-01 2026-06-30 04646508 frs-core:PlantMachinery 2025-06-30 04646508 frs-core:WithinOneYear 2026-06-30 04646508 frs-core:SharePremium 2026-06-30 04646508 frs-core:ShareCapital 2026-06-30 04646508 frs-core:RetainedEarningsAccumulatedLosses 2026-06-30 04646508 frs-bus:PrivateLimitedCompanyLtd 2025-07-01 2026-06-30 04646508 frs-bus:FilletedAccounts 2025-07-01 2026-06-30 04646508 frs-bus:SmallEntities 2025-07-01 2026-06-30 04646508 frs-bus:AuditExempt-NoAccountantsReport 2025-07-01 2026-06-30 04646508 frs-bus:SmallCompaniesRegimeForAccounts 2025-07-01 2026-06-30 04646508 frs-core:DeferredTaxation 2025-07-01 2026-06-30 04646508 frs-core:DeferredTaxation 2025-06-30 04646508 frs-core:DeferredTaxation 2026-06-30 04646508 frs-core:CostValuation 2025-06-30 04646508 frs-core:CostValuation 2026-06-30 04646508 frs-core:ProvisionsForImpairmentInvestments 2025-06-30 04646508 frs-core:ProvisionsForImpairmentInvestments 2026-06-30 04646508 frs-bus:Director1 2025-07-01 2026-06-30 04646508 frs-bus:Director2 2025-07-01 2026-06-30 04646508 frs-countries:EnglandWales 2025-07-01 2026-06-30 04646508 2024-06-30 04646508 2025-06-30 04646508 2024-07-01 2025-06-30 04646508 frs-core:CurrentFinancialInstruments 2025-06-30 04646508 frs-core:Non-currentFinancialInstruments 2025-06-30 04646508 frs-core:BetweenOneFiveYears 2025-06-30 04646508 frs-core:WithinOneYear 2025-06-30 04646508 frs-core:SharePremium 2025-06-30 04646508 frs-core:ShareCapital 2025-06-30 04646508 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30
Registered number: 04646508
Virtalis Limited
Unaudited Financial Statements
For The Year Ended 30 June 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04646508
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,697,473 2,733,614
Tangible Assets 5 41,781 15,321
Investments 6 20,329 20,329
2,759,583 2,769,264
CURRENT ASSETS
Stocks 7 - 35,892
Debtors 8 3,728,879 3,473,738
Cash at bank and in hand 77,140 141,503
3,806,019 3,651,133
Creditors: Amounts Falling Due Within One Year 9 (1,853,992 ) (1,955,535 )
NET CURRENT ASSETS (LIABILITIES) 1,952,027 1,695,598
TOTAL ASSETS LESS CURRENT LIABILITIES 4,711,610 4,464,862
Creditors: Amounts Falling Due After More Than One Year 10 (42,921 ) (18,355 )
NET ASSETS 4,668,689 4,446,507
CAPITAL AND RESERVES
Called up share capital 14 80,329 80,329
Share premium account 26,868 26,868
Profit and Loss Account 4,561,492 4,339,310
SHAREHOLDERS' FUNDS 4,668,689 4,446,507
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For the year ending 30 June 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
A Hill
Director
11/09/2026
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
Virtalis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04646508 . The registered office is Chester House, 79 Dane Road, Sale, Manchester, M33 7BP.
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. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Judgements, estimates and assumptions have been made in the preparation of these financial statements. The Directors has exercised significant judgement when determining the value of stock, judgement on accounting policy with regards to revenue recognition and in determining expected taxable profits used to calculate a deferred tax provision.
2.3. 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.
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.
Revenue from hardware sales
The revenue recognition policy accounts for the complexities of hardware procurement, construction phases, and installation, alongside the continuous transfer of risks and rewards throughout the project lifecycle. Revenue is recognised in stages that reflect the ongoing transfer of risks and rewards. In case of project termination, Virtalis is entitled to revenue for the completed work. This policy ensures that revenue recognition reflects project milestones and the transfer of risks.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are capitalised development costs. The expenditure relating to relevant staff costs, on-costs and benefits as well as materials and services consumed is capitalised and amortised over the period during which the company is expected to benefit, matched to the levels of turnover generated and commencing when sales of the product are first made. During the year capitalised development costs are amortised on a straight line basis over their expected useful economic lives, which is 10 years.
2.5. 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. 
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.
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2.6. 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:
Leasehold 5 years straight line
Plant & Machinery 3, 4 or 5 years straight line
2.7. 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.
2.8. 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.
2.9. 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.
2.10. 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: 19 (2025: 20)
19 20
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4. Intangible Assets
Development Costs
£
Cost
As at 1 July 2025 8,942,586
Additions 472,158
As at 30 June 2026 9,414,744
Amortisation
As at 1 July 2025 6,208,972
Provided during the period 508,299
As at 30 June 2026 6,717,271
Net Book Value
As at 30 June 2026 2,697,473
As at 1 July 2025 2,733,614
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2025 57,893
Additions 44,127
As at 30 June 2026 102,020
Depreciation
As at 1 July 2025 42,572
Provided during the period 17,667
As at 30 June 2026 60,239
Net Book Value
As at 30 June 2026 41,781
As at 1 July 2025 15,321
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 July 2025 20,329
As at 30 June 2026 20,329
Provision
As at 1 July 2025 -
As at 30 June 2026 -
...CONTINUED
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Net Book Value
As at 30 June 2026 20,329
As at 1 July 2025 20,329
The company holds 100% of the issued share capital of Virtalis Inc, being $1,000, a company incorporated in the United States, 100% of the issued share capital of Virtalis GmbH, being €25,000, a company incorporated in Germany, and 100% of the issued share capital of Virtalis Sdn Bhd, being RM100, a company incorporated in Malaysia.
7. Stocks
2026 2025
£ £
Work in progress - 35,892
8. Debtors
2026 2025
£ £
Due within one year
Trade debtors 74,737 51,407
Prepayments and accrued income 298,520 18,716
Corporation tax recoverable assets 159,057 82,567
Amounts owed by group undertakings 1,786,624 1,637,298
2,318,938 1,789,988
Due after more than one year
Deferred tax current asset 1,409,941 1,683,750
3,728,879 3,473,738
9. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 13,988 -
Trade creditors 154,831 242,545
Amounts owed to group undertakings 683,473 621,879
Other creditors 831,477 927,086
Taxation and social security 170,223 164,025
1,853,992 1,955,535
10. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 24,566 -
Other creditors 18,355 18,355
42,921 18,355
11. Secured Creditors
The company has granted Santander UK PLC fixed and floating charges over its assets together with fixed charges over shares in subsidiary undertakings including Virtalis GmbH, Virtalis Inc. and Virtalis Limited.
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12. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,988 -
Later than one year and not later than five years 24,566 -
38,554 -
38,554 -
13. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2025 (1,683,750 ) (1,683,750)
Reversals 273,809 273,809
Balance at 30 June 2026 (1,409,941 ) (1,409,941)
14. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 80,329 80,329
15. Contingent Liabilities
At 30 June 2025, the company had contingent liabilities in relation to obligations under lease agreements to restore and make good the leased premises at the property 79 Dane Road It is known that these costs must be incurred in the last three months of the period ending 28/11/2028. Although this timing is certain, the value of these costs can not at present be reliably estimated. It is understood at present that no reimbursement will be received in relation to these costs.
16. Post Balance Sheet Events
The shareholders of the company's parent undertaking entered into an agreement to sell their entire shareholding. Completion is expected in September 2026. The transaction concerns the ownership of the parent undertaking and has no financial effect on the assets, liabilities or results reported in these financial statements.
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