Acorah Software Products - Accounts Production 14.5.601 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10716207 Mr Mathew Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10716207 2023-04-30 10716207 2024-04-30 10716207 2023-05-01 2024-04-30 10716207 frs-core:CurrentFinancialInstruments 2024-04-30 10716207 frs-core:Non-currentFinancialInstruments 2024-04-30 10716207 frs-core:ComputerEquipment 2024-04-30 10716207 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10716207 frs-core:ComputerEquipment 2023-04-30 10716207 frs-core:FurnitureFittings 2024-04-30 10716207 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10716207 frs-core:FurnitureFittings 2023-04-30 10716207 frs-core:PlantMachinery 2024-04-30 10716207 frs-core:PlantMachinery 2023-05-01 2024-04-30 10716207 frs-core:PlantMachinery 2023-04-30 10716207 frs-core:SharePremium 2024-04-30 10716207 frs-core:ShareCapital 2024-04-30 10716207 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10716207 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10716207 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10716207 frs-bus:SmallEntities 2023-05-01 2024-04-30 10716207 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10716207 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10716207 frs-bus:Director1 2023-05-01 2024-04-30 10716207 frs-bus:Director1 2023-04-30 10716207 frs-bus:Director1 2024-04-30 10716207 frs-countries:EnglandWales 2023-05-01 2024-04-30 10716207 2022-04-30 10716207 2023-04-30 10716207 2022-05-01 2023-04-30 10716207 frs-core:CurrentFinancialInstruments 2023-04-30 10716207 frs-core:Non-currentFinancialInstruments 2023-04-30 10716207 frs-core:SharePremium 2023-04-30 10716207 frs-core:ShareCapital 2023-04-30 10716207 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10716207
The Annex Group Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10716207
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,085 9,383
11,085 9,383
CURRENT ASSETS
Debtors 5 190,764 85,800
Cash at bank and in hand 4,536 13,740
195,300 99,540
Creditors: Amounts Falling Due Within One Year 6 (90,213 ) (60,880 )
NET CURRENT ASSETS (LIABILITIES) 105,087 38,660
TOTAL ASSETS LESS CURRENT LIABILITIES 116,172 48,043
Creditors: Amounts Falling Due After More Than One Year 7 (47,571 ) (90,822 )
NET ASSETS/(LIABILITIES) 68,601 (42,779 )
CAPITAL AND RESERVES
Called up share capital 8 1,400 1,203
Share premium account 112,182 12,379
Profit and Loss Account (44,981 ) (56,361 )
SHAREHOLDERS' FUNDS 68,601 (42,779)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Mathew Williams
Director
01/05/2024
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
The Annex Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10716207 . The registered office is Suites 14, 6th Floor Vantage Point, New England Road, Brighton, BN1 4GW.
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. 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:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
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.
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: 7 (2023: 6)
7 6
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 3,832 5,070 5,921 14,823
Additions 4,129 - - 4,129
As at 30 April 2024 7,961 5,070 5,921 18,952
Depreciation
As at 1 May 2023 1,107 1,825 2,508 5,440
Provided during the period 1,096 649 682 2,427
As at 30 April 2024 2,203 2,474 3,190 7,867
Net Book Value
As at 30 April 2024 5,758 2,596 2,731 11,085
As at 1 May 2023 2,725 3,245 3,413 9,383
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,051 44,343
Other debtors 150,666 41,457
182,717 85,800
Due after more than one year
Other debtors 8,047 -
190,764 85,800
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3 5,702
Bank loans and overdrafts 5,281 -
Other creditors 55,257 9,959
Taxation and social security 29,672 45,219
90,213 60,880
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,000 12,333
Other loans 43,571 78,489
47,571 90,822
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,400 1,203
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Mathew Williams 25,906 3,405 - - 29,311
The above loan is unsecured, interest free and repayable on demand.
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