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 05994787 Miss Jessica Davison Mr Brett Willsher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05994787 2022-12-31 05994787 2023-12-31 05994787 2023-01-01 2023-12-31 05994787 frs-core:CurrentFinancialInstruments 2023-12-31 05994787 frs-core:ComputerEquipment 2023-12-31 05994787 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05994787 frs-core:ComputerEquipment 2022-12-31 05994787 frs-core:FurnitureFittings 2023-12-31 05994787 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05994787 frs-core:FurnitureFittings 2022-12-31 05994787 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 05994787 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 05994787 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 05994787 frs-core:PlantMachinery 2023-12-31 05994787 frs-core:PlantMachinery 2023-01-01 2023-12-31 05994787 frs-core:PlantMachinery 2022-12-31 05994787 frs-core:ShareCapital 2023-12-31 05994787 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05994787 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05994787 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05994787 frs-bus:SmallEntities 2023-01-01 2023-12-31 05994787 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05994787 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05994787 frs-bus:Director1 2023-01-01 2023-12-31 05994787 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05994787 frs-countries:EnglandWales 2023-01-01 2023-12-31 05994787 2021-12-31 05994787 2022-12-31 05994787 2022-01-01 2022-12-31 05994787 frs-core:CurrentFinancialInstruments 2022-12-31 05994787 frs-core:ShareCapital 2022-12-31 05994787 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05994787
Logicmove Storage Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
B&SW Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05994787
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,250 19,051
56,250 19,051
CURRENT ASSETS
Debtors 5 836,182 346,554
Cash at bank and in hand 353,277 781,699
1,189,459 1,128,253
Creditors: Amounts Falling Due Within One Year 6 (117,894 ) (214,920 )
NET CURRENT ASSETS (LIABILITIES) 1,071,565 913,333
TOTAL ASSETS LESS CURRENT LIABILITIES 1,127,815 932,384
NET ASSETS 1,127,815 932,384
CAPITAL AND RESERVES
Called up share capital 7 50 50
Profit and Loss Account 1,127,765 932,334
SHAREHOLDERS' FUNDS 1,127,815 932,384
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Miss Jessica Davison
Director
29/02/2024
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
Logicmove Storage Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05994787 . The registered office is Toad Hall Cattawade Street, Cattawade, Manningtree, CO11 1RG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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. 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:
Leasehold 0%V CPer annum
Plant & Machinery 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 25% Reducing balance
2.4. 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 7. 16 (2022: 9)
16 9
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 - 4,292 90,169 366 94,827
Additions - - 8,123 - 8,123
As at 31 December 2023 - 4,292 98,292 366 102,950
Depreciation
As at 1 January 2023 - 3,815 71,869 92 75,776
Provided during the period (34,547 ) 95 5,285 91 (29,076 )
As at 31 December 2023 (34,547 ) 3,910 77,154 183 46,700
Net Book Value
As at 31 December 2023 34,547 382 21,138 183 56,250
As at 1 January 2023 - 477 18,300 274 19,051
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 226,597 125,975
Prepayments and accrued income 110,973 110,973
Amounts owed by associates 498,612 109,606
836,182 346,554
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 219 71,288
Bank loans and overdrafts 2,790 2,497
Corporation tax 70,927 81,482
Other taxes and social security - 8,924
VAT 37,713 46,728
Accruals and deferred income 5,500 3,250
Director's loan account 745 751
117,894 214,920
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 50 50
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