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 07301290 Mr F G Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07301290 2022-07-31 07301290 2023-07-31 07301290 2022-08-01 2023-07-31 07301290 frs-core:CurrentFinancialInstruments 2023-07-31 07301290 frs-core:ComputerEquipment 2023-07-31 07301290 frs-core:ComputerEquipment 2022-08-01 2023-07-31 07301290 frs-core:ComputerEquipment 2022-07-31 07301290 frs-core:MotorVehicles 2023-07-31 07301290 frs-core:MotorVehicles 2022-08-01 2023-07-31 07301290 frs-core:MotorVehicles 2022-07-31 07301290 frs-core:ShareCapital 2023-07-31 07301290 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 07301290 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07301290 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 07301290 frs-bus:SmallEntities 2022-08-01 2023-07-31 07301290 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07301290 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07301290 frs-bus:Director1 2022-08-01 2023-07-31 07301290 frs-countries:EnglandWales 2022-08-01 2023-07-31 07301290 2021-07-31 07301290 2022-07-31 07301290 2021-08-01 2022-07-31 07301290 frs-core:CurrentFinancialInstruments 2022-07-31 07301290 frs-core:ShareCapital 2022-07-31 07301290 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 07301290
Freddie Brown Associates Limited
Financial Statements
For The Year Ended 31 July 2023
William Price & Co Limited
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07301290
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,638 7,586
4,638 7,586
CURRENT ASSETS
Debtors 5 6,834 20,725
Cash at bank and in hand 256,875 179,766
263,709 200,491
Creditors: Amounts Falling Due Within One Year 6 (57,126 ) (53,008 )
NET CURRENT ASSETS (LIABILITIES) 206,583 147,483
TOTAL ASSETS LESS CURRENT LIABILITIES 211,221 155,069
NET ASSETS 211,221 155,069
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 211,211 155,059
SHAREHOLDERS' FUNDS 211,221 155,069
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 Profit and Loss Account.
On behalf of the board
Mr F G Brown
Director
8 April 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
Freddie Brown Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07301290 . The registered office is Westbury Court Church Road, Westbury-On-Trym, Bristol, BS9 3EF.
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:
Motor Vehicles 5 years.
Computer Equipment 5 years.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable 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 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: 1 (2022: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 12,052 2,688 14,740
As at 31 July 2023 12,052 2,688 14,740
Depreciation
As at 1 August 2022 5,544 1,610 7,154
Provided during the period 2,410 538 2,948
As at 31 July 2023 7,954 2,148 10,102
Net Book Value
As at 31 July 2023 4,098 540 4,638
As at 1 August 2022 6,508 1,078 7,586
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,834 20,222
Prepayments and accrued income - 503
6,834 20,725
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,801 7,927
Corporation tax 26,817 26,953
VAT 6,005 7,630
Other creditors 8,040 9,178
Accruals and deferred income 1,460 1,320
Director's loan account 5,003 -
57,126 53,008
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 4