Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05520754 Mr Mark Wilding Mr William Hitchmough iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05520754 2022-07-31 05520754 2023-07-31 05520754 2022-08-01 2023-07-31 05520754 frs-core:CurrentFinancialInstruments 2023-07-31 05520754 frs-core:ComputerEquipment 2023-07-31 05520754 frs-core:ComputerEquipment 2022-08-01 2023-07-31 05520754 frs-core:ComputerEquipment 2022-07-31 05520754 frs-core:FurnitureFittings 2023-07-31 05520754 frs-core:FurnitureFittings 2022-08-01 2023-07-31 05520754 frs-core:FurnitureFittings 2022-07-31 05520754 frs-core:MotorVehicles 2023-07-31 05520754 frs-core:MotorVehicles 2022-08-01 2023-07-31 05520754 frs-core:MotorVehicles 2022-07-31 05520754 frs-core:PlantMachinery 2023-07-31 05520754 frs-core:PlantMachinery 2022-08-01 2023-07-31 05520754 frs-core:PlantMachinery 2022-07-31 05520754 frs-core:ShareCapital 2023-07-31 05520754 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05520754 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05520754 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05520754 frs-bus:SmallEntities 2022-08-01 2023-07-31 05520754 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05520754 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05520754 frs-bus:Director1 2022-08-01 2023-07-31 05520754 frs-bus:Director1 2022-07-31 05520754 frs-bus:Director1 2023-07-31 05520754 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 05520754 frs-core:CurrentFinancialInstruments 1 2023-07-31 05520754 frs-countries:EnglandWales 2022-08-01 2023-07-31 05520754 2021-07-31 05520754 2022-07-31 05520754 2021-08-01 2022-07-31 05520754 frs-core:CurrentFinancialInstruments 2022-07-31 05520754 frs-core:ShareCapital 2022-07-31 05520754 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 05520754 frs-core:CurrentFinancialInstruments 1 2022-07-31
Registered number: 05520754
Banklands Tactic Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 05520754
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,678 20,783
15,678 20,783
CURRENT ASSETS
Debtors 5 15,537 (3,041 )
Cash at bank and in hand - 1,581
15,537 (1,460 )
Creditors: Amounts Falling Due Within One Year 6 (7,947 ) (5,381 )
NET CURRENT ASSETS (LIABILITIES) 7,590 (6,841 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,268 13,942
NET ASSETS 23,268 13,942
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 23,267 13,941
SHAREHOLDERS' FUNDS 23,268 13,942
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr Mark Wilding
Director
23/01/2024
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
Banklands Tactic Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05520754 . The registered office is 5a The Cross, Station Road Queensferry, Deeside, Clwyd, CH5 1SU.
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.
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 25% RBM
Motor Vehicles 20% RBM
Fixtures & Fittings 20% RBM
Computer Equipment 33.33% SLM
2.4. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2022 1,026 27,574 194 - 28,794
Additions - - - 130 130
As at 31 July 2023 1,026 27,574 194 130 28,924
...CONTINUED
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Depreciation
As at 1 August 2022 1,008 6,893 110 - 8,011
Provided during the period 5 5,170 17 43 5,235
As at 31 July 2023 1,013 12,063 127 43 13,246
Net Book Value
As at 31 July 2023 13 15,511 67 87 15,678
As at 1 August 2022 18 20,681 84 - 20,783
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,830 -
Bank Reconciliation Difference (3,436 ) (3,436 )
VAT 388 395
Director's loan account 14,755 -
15,537 (3,041 )
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,051 814
Bank loans and overdrafts 1,011 -
Corporation tax 3,856 2,329
Pension control account - 2
Accruals and deferred income 1,029 908
Director's loan account - 1,328
7,947 5,381
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Mark Wilding (1,328 ) 42,126 (24,042 ) - 16,756
The above loan is unsecured, interest free and repayable on demand.
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