Acorah Software Products - Accounts Production 14.5.601 false true 31 May 2022 1 June 2021 false 1 June 2022 31 May 2023 31 May 2023 11999310 Mr Neil Hambly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11999310 2022-05-31 11999310 2023-05-31 11999310 2022-06-01 2023-05-31 11999310 frs-core:CurrentFinancialInstruments 2023-05-31 11999310 frs-core:Non-currentFinancialInstruments 2023-05-31 11999310 frs-core:ComputerEquipment 2023-05-31 11999310 frs-core:ComputerEquipment 2022-06-01 2023-05-31 11999310 frs-core:ComputerEquipment 2022-05-31 11999310 frs-core:PlantMachinery 2023-05-31 11999310 frs-core:PlantMachinery 2022-06-01 2023-05-31 11999310 frs-core:PlantMachinery 2022-05-31 11999310 frs-core:ShareCapital 2023-05-31 11999310 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 11999310 frs-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11999310 frs-bus:FilletedAccounts 2022-06-01 2023-05-31 11999310 frs-bus:SmallEntities 2022-06-01 2023-05-31 11999310 frs-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11999310 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 11999310 frs-bus:Director1 2022-06-01 2023-05-31 11999310 frs-countries:EnglandWales 2022-06-01 2023-05-31 11999310 2021-05-31 11999310 2022-05-31 11999310 2021-06-01 2022-05-31 11999310 frs-core:CurrentFinancialInstruments 2022-05-31 11999310 frs-core:Non-currentFinancialInstruments 2022-05-31 11999310 frs-core:ShareCapital 2022-05-31 11999310 frs-core:RetainedEarningsAccumulatedLosses 2022-05-31
Registered number: 11999310
Beacon Intelligence Limited
Unaudited Financial Statements
For The Year Ended 31 May 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11999310
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,645 27,224
17,645 27,224
CURRENT ASSETS
Debtors 5 94,041 52,709
Cash at bank and in hand 12 5,775
94,053 58,484
Creditors: Amounts Falling Due Within One Year 6 (90,730 ) (68,255 )
NET CURRENT ASSETS (LIABILITIES) 3,323 (9,771 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,968 17,453
Creditors: Amounts Falling Due After More Than One Year 7 (20,856 ) (21,250 )
NET ASSETS/(LIABILITIES) 112 (3,797 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 12 (3,897 )
SHAREHOLDERS' FUNDS 112 (3,797)
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For the year ending 31 May 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 Profit and Loss Account.
The financial statements were approved by the board of directors on 29 March 2024 and were signed on its behalf by:
Mr Neil Hambly
Director
29th March 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Beacon Intelligence Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11999310 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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 3 years straight line
Computer Equipment 4 years straight line
2.4. 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.
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2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 3)
2 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2022 4,708 33,491 38,199
As at 31 May 2023 4,708 33,491 38,199
Depreciation
As at 1 June 2022 1,686 9,289 10,975
Provided during the period 1,511 8,068 9,579
As at 31 May 2023 3,197 17,357 20,554
Net Book Value
As at 31 May 2023 1,511 16,134 17,645
As at 1 June 2022 3,022 24,202 27,224
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,582 10,953
Net wages 21 3,180
Director's loan account 86,438 38,576
94,041 52,709
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,138 1,700
Corporation tax 32,856 24,649
Other taxes and social security 35,314 27,318
VAT 17,906 8,707
Other creditors 708 728
Accruals and deferred income 2,808 5,153
90,730 68,255
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 20,856 21,250
20,856 21,250
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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