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 11556151 Mr Nick Hird Mr Robert Bennett-Baggs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11556151 2022-12-31 11556151 2023-12-31 11556151 2023-01-01 2023-12-31 11556151 frs-core:CurrentFinancialInstruments 2023-12-31 11556151 frs-core:Non-currentFinancialInstruments 2023-12-31 11556151 frs-core:MotorVehicles 2023-12-31 11556151 frs-core:MotorVehicles 2023-01-01 2023-12-31 11556151 frs-core:MotorVehicles 2022-12-31 11556151 frs-core:SharePremium 2023-12-31 11556151 frs-core:ShareCapital 2023-12-31 11556151 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11556151 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11556151 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11556151 frs-bus:SmallEntities 2023-01-01 2023-12-31 11556151 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11556151 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11556151 frs-bus:Director1 2023-01-01 2023-12-31 11556151 frs-bus:Director2 2023-01-01 2023-12-31 11556151 frs-countries:EnglandWales 2023-01-01 2023-12-31 11556151 2021-12-31 11556151 2022-12-31 11556151 2022-01-01 2022-12-31 11556151 frs-core:CurrentFinancialInstruments 2022-12-31 11556151 frs-core:Non-currentFinancialInstruments 2022-12-31 11556151 frs-core:SharePremium 2022-12-31 11556151 frs-core:ShareCapital 2022-12-31 11556151 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11556151
Nr Enterprise Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11556151
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 3,150 4,200
3,150 4,200
CURRENT ASSETS
Stocks 4 72,088 103,393
Debtors 5 10,070 3,858
Cash at bank and in hand 52,796 27,011
134,954 134,262
Creditors: Amounts Falling Due Within One Year 6 (148,479 ) (94,794 )
NET CURRENT ASSETS (LIABILITIES) (13,525 ) 39,468
TOTAL ASSETS LESS CURRENT LIABILITIES (10,375 ) 43,668
Creditors: Amounts Falling Due After More Than One Year 7 (5,495 ) (11,434 )
NET (LIABILITIES)/ASSETS (15,870 ) 32,234
CAPITAL AND RESERVES
Called up share capital 8 2,219 2,180
Share premium account 384,050 321,320
Profit and Loss Account (402,139 ) (291,266 )
SHAREHOLDERS' FUNDS (15,870) 32,234
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Page 2
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 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 Nick Hird
Director
11th April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 25% Reducing balance
1.4. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 6 (2022: 6)
6 6
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3. Tangible Assets
Motor Vehicles
£
Cost
As at 1 January 2023 4,200
As at 31 December 2023 4,200
Depreciation
As at 1 January 2023 -
Provided during the period 1,050
As at 31 December 2023 1,050
Net Book Value
As at 31 December 2023 3,150
As at 1 January 2023 4,200
4. Stocks
2023 2022
£ £
Stock - materials 72,088 103,393
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,070 3,786
Other taxes and social security - 72
10,070 3,858
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 100,215 63,034
Bank loans and overdrafts 6,908 7,115
Other taxes and social security 815 -
VAT 8,595 5,669
Other creditors 23,395 15,505
Accruals and deferred income 1,200 171
Directors' loan accounts 7,351 3,300
148,479 94,794
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 5,495 11,434
5,495 11,434
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,219 2,180
9. General Information
Nr Enterprise Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11556151 . The registered office is Nr Gym, Top Floor Greengate Road, Keighley, BD21 5LH.
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