Acorah Software Products - Accounts Production 14.5.501 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 09159690 Mr L Barbary Mr T Barbary Mr P Waters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09159690 2022-07-31 09159690 2023-07-31 09159690 2022-08-01 2023-07-31 09159690 frs-core:CurrentFinancialInstruments 2023-07-31 09159690 frs-core:ComputerEquipment 2023-07-31 09159690 frs-core:ComputerEquipment 2022-08-01 2023-07-31 09159690 frs-core:ComputerEquipment 2022-07-31 09159690 frs-core:FurnitureFittings 2023-07-31 09159690 frs-core:FurnitureFittings 2022-08-01 2023-07-31 09159690 frs-core:FurnitureFittings 2022-07-31 09159690 frs-core:NetGoodwill 2023-07-31 09159690 frs-core:NetGoodwill 2022-08-01 2023-07-31 09159690 frs-core:NetGoodwill 2022-07-31 09159690 frs-core:ShareCapital 2023-07-31 09159690 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09159690 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09159690 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09159690 frs-bus:SmallEntities 2022-08-01 2023-07-31 09159690 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09159690 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09159690 frs-bus:Director1 2022-08-01 2023-07-31 09159690 frs-bus:Director2 2022-08-01 2023-07-31 09159690 frs-bus:Director3 2022-08-01 2023-07-31 09159690 frs-countries:EnglandWales 2022-08-01 2023-07-31 09159690 2021-07-31 09159690 2022-07-31 09159690 2021-08-01 2022-07-31 09159690 frs-core:CurrentFinancialInstruments 2022-07-31 09159690 frs-core:ShareCapital 2022-07-31 09159690 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09159690
Benchmark Consulting Global Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09159690
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,399 17,866
Tangible Assets 5 4,339 4,090
17,738 21,956
CURRENT ASSETS
Debtors 6 113,625 65,692
Cash at bank and in hand 161,601 17,556
275,226 83,248
Creditors: Amounts Falling Due Within One Year 7 (140,126 ) (75,501 )
NET CURRENT ASSETS (LIABILITIES) 135,100 7,747
TOTAL ASSETS LESS CURRENT LIABILITIES 152,838 29,703
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,310 ) (777 )
NET ASSETS 151,528 28,926
CAPITAL AND RESERVES
Called up share capital 8 300 300
Profit and Loss Account 151,228 28,626
SHAREHOLDERS' FUNDS 151,528 28,926
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 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 L Barbary
Director
22 December 2023
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Benchmark Consulting Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09159690 . The registered office is Gothic House Barker Gate, Nottingham, NG1 1JU.
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. 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 10 years.
2.4. 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:
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.5. 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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 7 (2022: 6)
7 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 44,664
As at 31 July 2023 44,664
Amortisation
As at 1 August 2022 26,798
Impairment losses 4,467
As at 31 July 2023 31,265
Net Book Value
As at 31 July 2023 13,399
As at 1 August 2022 17,866
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 9,851 4,338 14,189
Additions - 1,808 1,808
As at 31 July 2023 9,851 6,146 15,997
Depreciation
As at 1 August 2022 8,830 1,269 10,099
Provided during the period 340 1,219 1,559
As at 31 July 2023 9,170 2,488 11,658
Net Book Value
As at 31 July 2023 681 3,658 4,339
As at 1 August 2022 1,021 3,069 4,090
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 107,844 58,026
Prepayments and accrued income 3,781 5,666
Other debtors 2,000 2,000
113,625 65,692
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,006 4,662
Corporation tax 73,983 17,330
Other taxes and social security - 1,906
VAT 22,966 9,273
Other creditors 684 499
Accruals and deferred income - 500
Directors' loan accounts 40,487 41,331
140,126 75,501
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 300 300
Page 5