Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07639070 Mr David Wells Mr Simon Wells Mr Daniel Wells Mr Ross Wells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07639070 2022-12-31 07639070 2023-12-31 07639070 2023-01-01 2023-12-31 07639070 frs-core:CurrentFinancialInstruments 2023-12-31 07639070 frs-core:Non-currentFinancialInstruments 2023-12-31 07639070 frs-core:BetweenOneFiveYears 2023-12-31 07639070 frs-core:ComputerEquipment 2023-12-31 07639070 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07639070 frs-core:ComputerEquipment 2022-12-31 07639070 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07639070 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 07639070 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 07639070 frs-core:FurnitureFittings 2023-12-31 07639070 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07639070 frs-core:FurnitureFittings 2022-12-31 07639070 frs-core:NetGoodwill 2023-12-31 07639070 frs-core:NetGoodwill 2023-01-01 2023-12-31 07639070 frs-core:NetGoodwill 2022-12-31 07639070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 07639070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07639070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 07639070 frs-core:MotorVehicles 2023-12-31 07639070 frs-core:MotorVehicles 2023-01-01 2023-12-31 07639070 frs-core:MotorVehicles 2022-12-31 07639070 frs-core:PlantMachinery 2023-12-31 07639070 frs-core:PlantMachinery 2023-01-01 2023-12-31 07639070 frs-core:PlantMachinery 2022-12-31 07639070 frs-core:WithinOneYear 2023-12-31 07639070 frs-core:ShareCapital 2023-12-31 07639070 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07639070 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07639070 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07639070 frs-bus:SmallEntities 2023-01-01 2023-12-31 07639070 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07639070 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07639070 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07639070 frs-bus:OrdinaryShareClass1 2023-12-31 07639070 frs-bus:Director1 2023-01-01 2023-12-31 07639070 frs-bus:Director2 2023-01-01 2023-12-31 07639070 frs-bus:Director3 2023-01-01 2023-12-31 07639070 frs-bus:Director4 2023-01-01 2023-12-31 07639070 frs-core:CurrentFinancialInstruments 2 2023-12-31 07639070 frs-core:CurrentFinancialInstruments 3 2023-12-31 07639070 frs-countries:EnglandWales 2023-01-01 2023-12-31 07639070 2021-12-31 07639070 2022-12-31 07639070 2022-01-01 2022-12-31 07639070 frs-core:CurrentFinancialInstruments 2022-12-31 07639070 frs-core:Non-currentFinancialInstruments 2022-12-31 07639070 frs-core:BetweenOneFiveYears 2022-12-31 07639070 frs-core:WithinOneYear 2022-12-31 07639070 frs-core:ShareCapital 2022-12-31 07639070 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07639070 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 07639070 frs-core:CurrentFinancialInstruments 2 2022-12-31 07639070 frs-core:CurrentFinancialInstruments 3 2022-12-31
Registered number: 07639070
Quicksharp Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Montacs
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07639070
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 684,885 770,427
Tangible Assets 5 641,144 533,089
1,326,029 1,303,516
CURRENT ASSETS
Stocks 6 1,322,199 1,297,647
Debtors 7 1,666,771 1,577,014
Cash at bank and in hand 1,040,284 827,773
4,029,254 3,702,434
Creditors: Amounts Falling Due Within One Year 8 (1,167,739 ) (884,627 )
NET CURRENT ASSETS (LIABILITIES) 2,861,515 2,817,807
TOTAL ASSETS LESS CURRENT LIABILITIES 4,187,544 4,121,323
Creditors: Amounts Falling Due After More Than One Year 9 (29,607 ) (43,209 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (189,736 ) (217,781 )
Deferred Taxation (127,012 ) (47,469 )
NET ASSETS 3,841,189 3,812,864
CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Profit and Loss Account 3,831,189 3,802,864
SHAREHOLDERS' FUNDS 3,841,189 3,812,864
Page 1
Page 2
For the year ending 31 December 2023 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 Simon Wells
Director
31/03/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quicksharp Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07639070 . The registered office is Signal House, Lenborough Road, Gawcott, Buckingham, MK18 4BU.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. 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 20 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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:
Leasehold not depreciated
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% reducing balance
2.6. 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 profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.8. 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: 36 (2022: 28)
36 28
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 January 2023 1,849,886 552 1,850,438
As at 31 December 2023 1,849,886 552 1,850,438
Amortisation
As at 1 January 2023 1,080,011 - 1,080,011
Impairment losses 85,542 - 85,542
As at 31 December 2023 1,165,553 - 1,165,553
Net Book Value
As at 31 December 2023 684,333 552 684,885
As at 1 January 2023 769,875 552 770,427
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 227,936 129,804 371,160 105,078
Additions 33,284 63,907 106,224 15,208
Disposals - - (56,089 ) -
As at 31 December 2023 261,220 193,711 421,295 120,286
Depreciation
As at 1 January 2023 25,694 86,264 173,367 72,042
Provided during the period 22,963 14,469 64,305 5,690
Disposals - - (40,688 ) -
As at 31 December 2023 48,657 100,733 196,984 77,732
Net Book Value
As at 31 December 2023 212,563 92,978 224,311 42,554
As at 1 January 2023 202,242 43,540 197,793 33,036
Computer Equipment Total
£ £
Cost
As at 1 January 2023 162,562 996,540
Additions 34,285 252,908
Disposals - (56,089 )
As at 31 December 2023 196,847 1,193,359
Depreciation
As at 1 January 2023 106,084 463,451
Provided during the period 22,025 129,452
Disposals - (40,688 )
As at 31 December 2023 128,109 552,215
Net Book Value
As at 31 December 2023 68,738 641,144
As at 1 January 2023 56,478 533,089
6. Stocks
2023 2022
£ £
Stock 1,322,199 1,297,647
Page 5
Page 6
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 642,880 863,455
Prepayments and accrued income 364,963 364,915
Other debtors 175,000 175,000
Other debtors (2) 20,000 20,000
Other debtors (3) - 14,649
Amounts owed by group undertakings 463,928 138,995
1,666,771 1,577,014
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 64,041 68,756
Trade creditors 342,366 293,985
Corporation tax 138,064 116,480
Other taxes and social security 43,865 43,196
VAT 161,866 131,549
Other creditors 228,972 -
Other Loans 20,000 33,000
Accruals and deferred income 168,565 197,661
1,167,739 884,627
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 29,607 43,209
29,607 43,209
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 64,041 68,756
Later than one year and not later than five years 29,607 43,209
93,648 111,965
93,648 111,965
11. Share Capital
2023 2022
Allotted, called up and fully paid £ £
10,000 Ordinary Shares of £ 1.000 each 10,000 10,000
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12. Related Party Transactions
Within amounts owed by group undertakings there are amounts due by Lenborough Group Ltd: £138,994.60 (2021 - (£50,935))
Page 7