Acorah Software Products - Accounts Production 14.5.601 true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 02721655 Mrs Margaret Alcantarilla Mr Robert Alcantarilla Mr Adrian Walton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02721655 2022-08-31 02721655 2023-08-31 02721655 2022-09-01 2023-08-31 02721655 frs-core:CurrentFinancialInstruments 2023-08-31 02721655 frs-core:FurnitureFittings 2023-08-31 02721655 frs-core:FurnitureFittings 2022-09-01 2023-08-31 02721655 frs-core:FurnitureFittings 2022-08-31 02721655 frs-core:NetGoodwill 2023-08-31 02721655 frs-core:NetGoodwill 2022-09-01 2023-08-31 02721655 frs-core:NetGoodwill 2022-08-31 02721655 frs-core:MotorVehicles 2023-08-31 02721655 frs-core:MotorVehicles 2022-09-01 2023-08-31 02721655 frs-core:MotorVehicles 2022-08-31 02721655 frs-core:ShareCapital 2023-08-31 02721655 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 02721655 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 02721655 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 02721655 frs-bus:SmallEntities 2022-09-01 2023-08-31 02721655 frs-bus:EntityNoLongerTradingButTradedInPast 2022-09-01 2023-08-31 02721655 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 02721655 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 02721655 frs-bus:Director1 2022-09-01 2023-08-31 02721655 frs-bus:Director2 2022-09-01 2023-08-31 02721655 frs-bus:Director3 2022-09-01 2023-08-31 02721655 frs-countries:EnglandWales 2022-09-01 2023-08-31 02721655 2021-08-31 02721655 2022-08-31 02721655 2021-09-01 2022-08-31 02721655 frs-core:CurrentFinancialInstruments 2022-08-31 02721655 frs-core:ShareCapital 2022-08-31 02721655 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 02721655
Fairdrive Limited
Unaudited Dormant Financial Statements
For The Year Ended 31 August 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02721655
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 88,080 88,080
Tangible Assets 5 1,107 1,107
89,187 89,187
Creditors: Amounts Falling Due Within One Year 6 (240,959 ) (240,959 )
NET CURRENT ASSETS (LIABILITIES) (240,959 ) (240,959 )
TOTAL ASSETS LESS CURRENT LIABILITIES (151,772 ) (151,772 )
NET LIABILITIES (151,772 ) (151,772 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (152,772 ) (152,772 )
SHAREHOLDERS' FUNDS (151,772) (151,772)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 Adrian Walton
Director
5th April 2024
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
Fairdrive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02721655 . The registered office is Norfolk House, Market Place, Leyburn, North Yorkshire, DL8 5AQ.
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. 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 profit and loss account over its estimated economic life of .... years.
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:
Motor Vehicles NIL
Fixtures & Fittings NIL
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2022 88,080
As at 31 August 2023 88,080
Net Book Value
As at 31 August 2023 88,080
As at 1 September 2022 88,080
Page 3
Page 4
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2022 3,815 19,952 23,767
As at 31 August 2023 3,815 19,952 23,767
Depreciation
As at 1 September 2022 3,786 18,874 22,660
As at 31 August 2023 3,786 18,874 22,660
Net Book Value
As at 31 August 2023 29 1,078 1,107
As at 1 September 2022 29 1,078 1,107
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 238,709 238,709
Directors' loan accounts 2,250 2,250
240,959 240,959
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4