VITAL SOFTWARE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During the previous period the company entered into offset agreements and debt waiver agreements as part of a restructuring process immediately preceding acquisition by the Vela Software Pty Limited on 1 April 2023. These transactions are both material and exceptional due to their one off nature pursuant to as restructure process. As such, the resulting intercompany loan waiver above is recognised as an exceptional item after operating profit.”
• “Following a change in ownership, the company has adopted a revised policy for recognising its contract services as operating expenditure instead of selling costs to be consistent with the rest of the group.”
• “Following a change in ownership, the company has adopted a revised policy under which all research and development expenditure is expensed as incurred.”
• “On 1 April 2023, the Company's parent was acquired. The end of the reporting period was therefore changed from June to December in order to bring it in line with the rest of the group. The comparative figures therefore cover the 18 month period to December 2023. As a result, the amounts presented in the financial statements are not entirely comparable.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -29.6%

  £2,275,463 → £1,601,215

• Cash

  +69.3%

  £128,920 → £218,250

  highest in 3 filed years

• Net assets

  +131.1%

  -£222,868 → £69,380

• Employees

  +29.4%

  17 → 22

  highest in 3 filed years

• Operating profit

  +396%

  -£100,331 → £296,963

• Profit before tax

  +132.5%

  -£908,135 → £295,574

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers