Acorah Software Products - Accounts Production 19.4.351 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 11631787 Mr Luke Skinner Mr Benjamin Pack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11631787 2024-10-31 11631787 2025-10-31 11631787 2024-11-01 2025-10-31 11631787 frs-core:CurrentFinancialInstruments 2025-10-31 11631787 frs-core:Non-currentFinancialInstruments 2025-10-31 11631787 frs-core:BetweenOneFiveYears 2025-10-31 11631787 frs-core:MotorVehicles 2025-10-31 11631787 frs-core:MotorVehicles 2024-11-01 2025-10-31 11631787 frs-core:MotorVehicles 2024-10-31 11631787 frs-core:PlantMachinery 2025-10-31 11631787 frs-core:PlantMachinery 2024-11-01 2025-10-31 11631787 frs-core:PlantMachinery 2024-10-31 11631787 frs-core:WithinOneYear 2025-10-31 11631787 frs-core:ShareCapital 2025-10-31 11631787 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 11631787 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 11631787 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 11631787 frs-bus:SmallEntities 2024-11-01 2025-10-31 11631787 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 11631787 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 11631787 frs-bus:Director1 2024-11-01 2025-10-31 11631787 frs-bus:Director2 2024-11-01 2025-10-31 11631787 frs-countries:EnglandWales 2024-11-01 2025-10-31 11631787 2023-10-31 11631787 2024-10-31 11631787 2023-11-01 2024-10-31 11631787 frs-core:CurrentFinancialInstruments 2024-10-31 11631787 frs-core:Non-currentFinancialInstruments 2024-10-31 11631787 frs-core:BetweenOneFiveYears 2024-10-31 11631787 frs-core:WithinOneYear 2024-10-31 11631787 frs-core:ShareCapital 2024-10-31 11631787 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 11631787
Vertex Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11631787
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 170,169 137,018
170,169 137,018
CURRENT ASSETS
Debtors 5 25,030 17,249
Cash at bank and in hand 8,930 10,364
33,960 27,613
Creditors: Amounts Falling Due Within One Year 6 (80,766 ) (78,340 )
NET CURRENT ASSETS (LIABILITIES) (46,806 ) (50,727 )
TOTAL ASSETS LESS CURRENT LIABILITIES 123,363 86,291
Creditors: Amounts Falling Due After More Than One Year 7 (62,363 ) (51,652 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,395 ) (28,186 )
NET ASSETS 25,605 6,453
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 25,505 6,353
SHAREHOLDERS' FUNDS 25,605 6,453
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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 Luke Skinner
Director
29 October 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
Vertex Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11631787 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX.
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. 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 15% reducing value
Motor Vehicles 20% reducing value
2.4. 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.
2.5. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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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 year 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 asset reflects 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
5 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2024 156,727 75,854 232,581
Additions 30,499 52,669 83,168
Disposals (639 ) (29,464 ) (30,103 )
As at 31 October 2025 186,587 99,059 285,646
Depreciation
As at 1 November 2024 60,638 34,925 95,563
Provided during the period 18,945 15,703 34,648
Disposals (355 ) (14,379 ) (14,734 )
As at 31 October 2025 79,228 36,249 115,477
Net Book Value
As at 31 October 2025 107,359 62,810 170,169
As at 1 November 2024 96,089 40,929 137,018
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 24,217 14,629
Other debtors 813 2,620
25,030 17,249
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,566 12,263
Trade creditors 541 7,537
Bank loans and overdrafts 2,800 4,200
Corporation tax 15,254 15,009
VAT 3,503 4,547
Other creditors. 3,065 1,409
Accruals and deferred income 1,645 1,530
Directors' loan accounts 40,392 31,845
80,766 78,340
Hire purchase liabilities are secured on the assets to which they relate.
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 36,361 26,350
Bank loans - 2,800
Other creditors 26,002 22,502
62,363 51,652
Hire purchase liabilities are secured on the assets to which they relate.
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,566 12,263
Later than one year and not later than five years 36,361 26,350
49,927 38,613
49,927 38,613
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the year end, 31 October 2025, the company owed the directors £40,392 (2024: £31,845) in respect of loans held with the company. These amounts are interest free and repayable on demand.
At the year end, 31 October 2025, the company owed a family member of one of the directors £26,002 (2024: £22,502) in respect of a long term loan held with the company. This amount is interest free and there are no fixed repayment terms.
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