Acorah Software Products - Accounts Production 14.5.501 false true 31 May 2022 1 June 2021 false 1 June 2022 31 May 2023 31 May 2023 06582072 Mr Anthony Moore Mr Roger Kerr Mr Dominic Robinson Mr Adrian Carne Ms Lucy Todd Mr Adam Forrest Ms Cristina Dimetto Ms Hazel Hunt Ms Catriona Baird Mantle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06582072 2022-05-31 06582072 2023-05-31 06582072 2022-06-01 2023-05-31 06582072 frs-core:CurrentFinancialInstruments 2023-05-31 06582072 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-06-01 2023-05-31 06582072 frs-core:OtherResidualIntangibleAssets 2023-05-31 06582072 frs-core:OtherResidualIntangibleAssets 2022-06-01 2023-05-31 06582072 frs-core:OtherResidualIntangibleAssets 2022-05-31 06582072 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 06582072 frs-bus:CompanyLimitedByGuarantee 2022-06-01 2023-05-31 06582072 frs-bus:FilletedAccounts 2022-06-01 2023-05-31 06582072 frs-bus:SmallEntities 2022-06-01 2023-05-31 06582072 frs-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 06582072 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 06582072 frs-bus:Director1 2022-06-01 2023-05-31 06582072 frs-bus:Director2 2022-06-01 2023-05-31 06582072 frs-bus:Director3 2022-06-01 2023-05-31 06582072 frs-bus:Director4 2022-06-01 2023-05-31 06582072 frs-bus:Director5 2022-06-01 2023-05-31 06582072 frs-bus:Director6 2022-06-01 2023-05-31 06582072 frs-bus:Director7 2022-06-01 2023-05-31 06582072 frs-bus:Director8 2022-06-01 2023-05-31 06582072 frs-bus:Director9 2022-06-01 2023-05-31 06582072 frs-countries:EnglandWales 2022-06-01 2023-05-31 06582072 2021-05-31 06582072 2022-05-31 06582072 2021-06-01 2022-05-31 06582072 frs-core:CurrentFinancialInstruments 2022-05-31 06582072 frs-core:RetainedEarningsAccumulatedLosses 2022-05-31
Registered number: 06582072
Organic Trade (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2023
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Company Information
Directors Mr Anthony Moore
Mr Roger Kerr
Mr Dominic Robinson
Mr Adrian Carne
Ms Lucy Todd
Mr Adam Forrest
Ms Cristina Dimetto
Ms Hazel Hunt
Ms Catriona Baird Mantle
Company Number 06582072
Registered Office 18 Rooksbury Road
Andover
Hampshire
SP10 2LW
Accountants Town & Forest
Chartered Accountants & Statutory Auditors
First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Page 1
Page 2
Balance Sheet
Registered number: 06582072
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,867 -
1,867 -
CURRENT ASSETS
Debtors 5 58,720 23,876
Cash at bank and in hand 137,291 194,118
196,011 217,994
Creditors: Amounts Falling Due Within One Year 6 (52,985 ) (84,586 )
NET CURRENT ASSETS (LIABILITIES) 143,026 133,408
TOTAL ASSETS LESS CURRENT LIABILITIES 144,893 133,408
NET ASSETS 144,893 133,408
Income and Expenditure Account 144,893 133,408
MEMBERS' FUNDS 144,893 133,408
For the year ending 31 May 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 and Expenditure Account.
On behalf of the board
Mr Adrian Carne
Director
26 March 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Organic Trade (UK) Limited in the year ended 31 May 2023 was a private company, limited by guarantee, incorporated in England & Wales, registered number 06582072.
The company converted from a private limited company to a community interest company after 31 May 2023 but prior to the date of this report. The registered office is 18 Rooksbury Road, Andover, Hampshire, SP10 2LW.
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 FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).
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 membership fees are recognised based on the proportion of membership fees which relate to the period. Membership fees paid in respect of subsequent accounting periods are shown as deferred income.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Website development costs are being amortised to the income and expenditure account evenly over their estimated useful life of ten years.
2.4. 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 surplus.
2.5. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
2.7. Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
2.8. Trade debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 7)
6 7
4. Intangible Assets
Website development costs
£
Cost
As at 1 June 2022 -
Additions 2,000
As at 31 May 2023 2,000
Amortisation
As at 1 June 2022 -
Provided during the period 133
As at 31 May 2023 133
Net Book Value
As at 31 May 2023 1,867
As at 1 June 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 54,732 20,820
Prepayments and accrued income 3,988 3,056
58,720 23,876
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,503 34,030
Other taxes and social security 1,837 810
VAT 6,957 9,738
Other creditors 413 2,164
Accruals and deferred income 39,275 37,844
52,985 84,586
Page 4
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7. Post Balance Sheet Events
Since 31 May 2023, the company has converted from a private limited company to a community interest company.
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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