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 06962918 Mr Kevin Purser Mrs Vivienne Purser Mr Kevin Purser true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06962918 2022-07-31 06962918 2023-07-31 06962918 2022-08-01 2023-07-31 06962918 frs-core:CurrentFinancialInstruments 2023-07-31 06962918 frs-core:Non-currentFinancialInstruments 2023-07-31 06962918 frs-core:ComputerEquipment 2023-07-31 06962918 frs-core:ComputerEquipment 2022-08-01 2023-07-31 06962918 frs-core:ComputerEquipment 2022-07-31 06962918 frs-core:FurnitureFittings 2023-07-31 06962918 frs-core:FurnitureFittings 2022-08-01 2023-07-31 06962918 frs-core:FurnitureFittings 2022-07-31 06962918 frs-core:NetGoodwill 2023-07-31 06962918 frs-core:NetGoodwill 2022-08-01 2023-07-31 06962918 frs-core:NetGoodwill 2022-07-31 06962918 frs-core:MotorVehicles 2023-07-31 06962918 frs-core:MotorVehicles 2022-08-01 2023-07-31 06962918 frs-core:MotorVehicles 2022-07-31 06962918 frs-core:PlantMachinery 2023-07-31 06962918 frs-core:PlantMachinery 2022-08-01 2023-07-31 06962918 frs-core:PlantMachinery 2022-07-31 06962918 frs-core:ShareCapital 2023-07-31 06962918 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 06962918 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06962918 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 06962918 frs-bus:SmallEntities 2022-08-01 2023-07-31 06962918 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06962918 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 06962918 1 2022-08-01 2023-07-31 06962918 frs-bus:Director1 2022-08-01 2023-07-31 06962918 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 06962918 frs-countries:EnglandWales 2022-08-01 2023-07-31 06962918 2021-07-31 06962918 2022-07-31 06962918 2021-08-01 2022-07-31 06962918 frs-core:CurrentFinancialInstruments 2022-07-31 06962918 frs-core:Non-currentFinancialInstruments 2022-07-31 06962918 frs-core:ShareCapital 2022-07-31 06962918 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 06962918
Aerialect Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
LPTA Limited
Chartered Certified Accountants
Priory Place Priory Road
Tiptree
Colchester
Essex
CO5 0QE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06962918
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,165 3,957
3,165 3,957
CURRENT ASSETS
Stocks 6 1,370 3,387
Debtors 7 6,042 4,185
Cash at bank and in hand 1 1
7,413 7,573
Creditors: Amounts Falling Due Within One Year 8 (6,464 ) (5,901 )
NET CURRENT ASSETS (LIABILITIES) 949 1,672
TOTAL ASSETS LESS CURRENT LIABILITIES 4,114 5,629
Creditors: Amounts Falling Due After More Than One Year 9 (2,933 ) (4,533 )
NET ASSETS 1,181 1,096
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 181 96
SHAREHOLDERS' FUNDS 1,181 1,096
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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 Profit and Loss Account.
On behalf of the board
Mr Kevin Purser
Director
15th 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
Aerialect Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06962918 . The registered office is 8 Reigate Avenue, Clacton On Sea, Essex, CO16 8FB.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.5. 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 10,294
As at 31 July 2023 10,294
Amortisation
As at 1 August 2022 10,294
As at 31 July 2023 10,294
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2022 291 5,100 1,148 1,993 8,532
As at 31 July 2023 291 5,100 1,148 1,993 8,532
Depreciation
As at 1 August 2022 142 3,011 678 744 4,575
Provided during the period 30 418 94 250 792
As at 31 July 2023 172 3,429 772 994 5,367
Net Book Value
As at 31 July 2023 119 1,671 376 999 3,165
As at 1 August 2022 149 2,089 470 1,249 3,957
6. Stocks
2023 2022
£ £
Stock 1,370 3,387
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 1,310
Prepayments and accrued income 38 313
VAT 818 632
Director's loan account 5,186 1,930
6,042 4,185
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,838 2,357
Bank loans and overdrafts 1,869 2,307
Corporation tax 757 1,237
6,464 5,901
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bounce Back Loan +1yr 2,933 4,533
2,933 4,533
10. Deferred Taxation
The provision for deferred tax is made up as follows:
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr Kevin Purser by virtue of his ownership of 100% of the issued share capital in the company.
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