Acorah Software Products - Accounts Production 14.5.601 false true 30 April 2022 1 May 2021 false 1 May 2022 29 April 2023 29 April 2023 10476343 Mr M P Cole Mr J Doran Mr M P Cole iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10476343 2022-04-30 10476343 2023-04-29 10476343 2022-05-01 2023-04-29 10476343 frs-core:Non-currentFinancialInstruments 2023-04-29 10476343 frs-core:ComputerEquipment 2022-05-01 2023-04-29 10476343 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-05-01 2023-04-29 10476343 frs-core:FurnitureFittings 2022-05-01 2023-04-29 10476343 frs-core:ShareCapital 2023-04-29 10476343 frs-core:RetainedEarningsAccumulatedLosses 2023-04-29 10476343 frs-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-29 10476343 frs-bus:AbridgedAccounts 2022-05-01 2023-04-29 10476343 frs-bus:SmallEntities 2022-05-01 2023-04-29 10476343 frs-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-29 10476343 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-29 10476343 frs-bus:Director1 2022-05-01 2023-04-29 10476343 frs-bus:Director2 2022-05-01 2023-04-29 10476343 frs-bus:CompanySecretary1 2022-05-01 2023-04-29 10476343 frs-countries:EnglandWales 2022-05-01 2023-04-29 10476343 2021-04-30 10476343 2022-04-30 10476343 2021-05-01 2022-04-30 10476343 frs-core:Non-currentFinancialInstruments 2022-04-30 10476343 frs-core:ShareCapital 2022-04-30 10476343 frs-core:RetainedEarningsAccumulatedLosses 2022-04-30
Registered number: 10476343
Flowpro Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 April 2023
Alexander Myerson & Co Limited
Alexander House
61 Rodney Street
Liverpool
Merseyside
L1 9ER
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10476343
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 98,242 84,105
Tangible Assets 5 2,099 2,798
100,341 86,903
CURRENT ASSETS
Debtors 8,950 1,068
Cash at bank and in hand 521 1,585
9,471 2,653
Creditors: Amounts Falling Due Within One Year (265,793 ) (215,014 )
NET CURRENT ASSETS (LIABILITIES) (256,322 ) (212,361 )
TOTAL ASSETS LESS CURRENT LIABILITIES (155,981 ) (125,458 )
Creditors: Amounts Falling Due After More Than One Year (6,759 ) (7,871 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (399 ) (532 )
NET LIABILITIES (163,139 ) (133,861 )
CAPITAL AND RESERVES
Called up share capital 6 300 300
Profit and Loss Account (163,439 ) (134,161 )
SHAREHOLDERS' FUNDS (163,139) (133,861)
Page 1
Page 2
For the year ending 29 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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 April 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr M P Cole
Director
23 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Flowpro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10476343 . The registered office is 61 Rodney Street, Liverpool, L1 9ER.
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.
The financial statements are prepared on a going concern basis as the company expects to make future profits and is receiving ongoing financial support from its directors.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software development and amortisation will begin once the asset begins to generate income.
2.4. 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 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. 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: 2 (2022: 1)
2 1
Page 3
Page 4
4. Intangible Assets
Total
£
Cost
As at 1 May 2022 84,105
Additions 14,137
As at 29 April 2023 98,242
Net Book Value
As at 29 April 2023 98,242
As at 1 May 2022 84,105
5. Tangible Assets
Total
£
Cost
As at 1 May 2022 13,150
As at 29 April 2023 13,150
Depreciation
As at 1 May 2022 10,352
Provided during the period 699
As at 29 April 2023 11,051
Net Book Value
As at 29 April 2023 2,099
As at 1 May 2022 2,798
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 300 300
Page 4