Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 5945771 Mr Paul Butler Mrs Muriel Bouttier Maverick Incorporation Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5945771 2022-12-31 5945771 2023-12-31 5945771 2023-01-01 2023-12-31 5945771 frs-core:ComputerEquipment 2023-12-31 5945771 frs-core:ComputerEquipment 2023-01-01 2023-12-31 5945771 frs-core:ComputerEquipment 2022-12-31 5945771 frs-core:FurnitureFittings 2023-12-31 5945771 frs-core:FurnitureFittings 2023-01-01 2023-12-31 5945771 frs-core:FurnitureFittings 2022-12-31 5945771 frs-core:ShareCapital 2023-12-31 5945771 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 5945771 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 5945771 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 5945771 frs-bus:SmallEntities 2023-01-01 2023-12-31 5945771 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 5945771 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 5945771 1 2023-01-01 2023-12-31 5945771 frs-core:UnlistedNon-exchangeTraded 2023-12-31 5945771 frs-core:UnlistedNon-exchangeTraded 2022-12-31 5945771 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 5945771 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 5945771 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 5945771 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 5945771 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 5945771 frs-bus:Director1 2023-01-01 2023-12-31 5945771 frs-bus:Director2 2023-01-01 2023-12-31 5945771 frs-countries:EnglandWales 2023-01-01 2023-12-31 5945771 2021-12-31 5945771 2022-12-31 5945771 2022-01-01 2022-12-31 5945771 frs-core:CurrentFinancialInstruments 2022-12-31 5945771 frs-core:ShareCapital 2022-12-31 5945771 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 5945771
Abc Incorporation Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Association of Chartered Certified Accountants (ACCA)
Key Accountants
Office 5, The Forest Rock Offices
Leicester Road, Whitwick
Leicestershire
LE67 5GQ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5945771
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 5 - 13,000
- 13,000
CURRENT ASSETS
Debtors 6 - 1,289,280
Cash at bank and in hand 10,010 946,994
10,010 2,236,274
Creditors: Amounts Falling Due Within One Year 7 - (39 )
NET CURRENT ASSETS (LIABILITIES) 10,010 2,236,235
TOTAL ASSETS LESS CURRENT LIABILITIES 10,010 2,249,235
NET ASSETS 10,010 2,249,235
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 9,010 2,248,235
SHAREHOLDERS' FUNDS 10,010 2,249,235
Page 1
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 Paul Butler
Director
12th February 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Abc Incorporation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 5945771 . The registered office is The Oaks, 4 Stamford Rise, Bradgate Road, Newtown Linford, Leicestershire, LE6 0PY.
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. 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:
Fixtures & Fittings 10% Straight Line
Computer Equipment 33% Straight Line
2.3. 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.
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 assets reflect 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:
2023 2022
Office and administration 2 2
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 12,984 45,212 58,196
As at 31 December 2023 12,984 45,212 58,196
Depreciation
As at 1 January 2023 12,984 45,212 58,196
As at 31 December 2023 12,984 45,212 58,196
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 - - -
5. Investments
Unlisted
£
Cost
As at 1 January 2023 13,000
Disposals (13,000 )
As at 31 December 2023 -
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 13,000
6. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets - 1,151
Amounts owed by other participating interests - 1,288,129
- 1,289,280
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 39
- 39
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Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Maverick Incorporation Limited by virtue of a 100% ownership of the issued share capital in the company.
Page 5