Acorah Software Products - Accounts Production 14.5.601 false true 30 April 2022 1 May 2021 false 1 May 2022 30 April 2023 30 April 2023 12554675 Mr James Walsh Mr Robert Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12554675 2022-04-30 12554675 2023-04-30 12554675 2022-05-01 2023-04-30 12554675 frs-core:CurrentFinancialInstruments 2023-04-30 12554675 frs-core:OtherResidualIntangibleAssets 2023-04-30 12554675 frs-core:OtherResidualIntangibleAssets 2022-05-01 2023-04-30 12554675 frs-core:OtherResidualIntangibleAssets 2022-04-30 12554675 frs-core:SharePremium 2023-04-30 12554675 frs-core:ShareCapital 2023-04-30 12554675 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 12554675 frs-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 12554675 frs-bus:FilletedAccounts 2022-05-01 2023-04-30 12554675 frs-bus:SmallEntities 2022-05-01 2023-04-30 12554675 frs-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 12554675 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 12554675 frs-bus:Director1 2022-05-01 2023-04-30 12554675 frs-bus:Director2 2022-05-01 2023-04-30 12554675 frs-countries:EnglandWales 2022-05-01 2023-04-30 12554675 2021-04-30 12554675 2022-04-30 12554675 2021-05-01 2022-04-30 12554675 frs-core:CurrentFinancialInstruments 2022-04-30 12554675 frs-core:SharePremium 2022-04-30 12554675 frs-core:ShareCapital 2022-04-30 12554675 frs-core:RetainedEarningsAccumulatedLosses 2022-04-30
Registered number: 12554675
Yield Supplements Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12554675
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 37,630 50,631
37,630 50,631
CURRENT ASSETS
Debtors 5 1,202 4,195
Cash at bank and in hand 6,809 23,019
8,011 27,214
Creditors: Amounts Falling Due Within One Year 6 (14,676 ) (30,376 )
NET CURRENT ASSETS (LIABILITIES) (6,665 ) (3,162 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,965 47,469
NET ASSETS 30,965 47,469
CAPITAL AND RESERVES
Called up share capital 7 1 1
Share premium account 90,099 82,599
Income Statement (59,135 ) (35,131 )
SHAREHOLDERS' FUNDS 30,965 47,469
Page 1
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For the year ending 30 April 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 Income Statement.
On behalf of the board
Mr James Walsh
Director
15/04/2024
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
Yield Supplements Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12554675 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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. Research and Development
Expenditure on research and development is amortised over is estimated useful life of 5 years.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 May 2022 65,008
As at 30 April 2023 65,008
Amortisation
As at 1 May 2022 14,377
Provided during the period 13,001
As at 30 April 2023 27,378
Net Book Value
As at 30 April 2023 37,630
As at 1 May 2022 50,631
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5. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,202 4,195
1,202 4,195
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,500 1,498
Bank loans and overdrafts 11,892 -
Other creditors 1,184 28,878
Taxation and social security 100 -
14,676 30,376
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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