Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11126464 Dr Shaun Hillier Mr Peter Hillier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11126464 2022-12-31 11126464 2023-12-31 11126464 2023-01-01 2023-12-31 11126464 frs-core:CurrentFinancialInstruments 2023-12-31 11126464 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11126464 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11126464 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 11126464 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11126464 frs-core:MotorVehicles 2023-12-31 11126464 frs-core:MotorVehicles 2023-01-01 2023-12-31 11126464 frs-core:MotorVehicles 2022-12-31 11126464 frs-core:PlantMachinery 2023-12-31 11126464 frs-core:PlantMachinery 2023-01-01 2023-12-31 11126464 frs-core:PlantMachinery 2022-12-31 11126464 frs-core:ShareCapital 2023-12-31 11126464 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11126464 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11126464 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11126464 frs-bus:SmallEntities 2023-01-01 2023-12-31 11126464 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11126464 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11126464 frs-bus:Director1 2023-01-01 2023-12-31 11126464 frs-bus:Director1 2022-12-31 11126464 frs-bus:Director1 2023-12-31 11126464 frs-bus:Director2 2023-01-01 2023-12-31 11126464 frs-bus:Director2 2022-12-31 11126464 frs-bus:Director2 2023-12-31 11126464 frs-countries:EnglandWales 2023-01-01 2023-12-31 11126464 2021-12-31 11126464 2022-12-31 11126464 2022-01-01 2022-12-31 11126464 frs-core:CurrentFinancialInstruments 2022-12-31 11126464 frs-core:ShareCapital 2022-12-31 11126464 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11126464
Fredince Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11126464
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 99,046 48,292
99,046 48,292
CURRENT ASSETS
Debtors 5 410,522 364,118
Cash at bank and in hand 1,058,662 408,317
1,469,184 772,435
Creditors: Amounts Falling Due Within One Year 6 (290,548 ) (159,322 )
NET CURRENT ASSETS (LIABILITIES) 1,178,636 613,113
TOTAL ASSETS LESS CURRENT LIABILITIES 1,277,682 661,405
NET ASSETS 1,277,682 661,405
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 1,277,672 661,395
SHAREHOLDERS' FUNDS 1,277,682 661,405
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
Dr Shaun Hillier
Director
16/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fredince Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11126464 . The registered office is 4 Oak Tree Close, Trowbridge, BA14 9BD.
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.
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:
Freehold 20%
Leasehold Not depreciated
Plant & Machinery 20%
Motor Vehicles 25%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 January 2023 - 23,750 38,000 61,750
Additions 68,044 - - 68,044
As at 31 December 2023 68,044 23,750 38,000 129,794
Depreciation
As at 1 January 2023 - 2,375 11,083 13,458
Provided during the period 3,040 4,750 9,500 17,290
As at 31 December 2023 3,040 7,125 20,583 30,748
Net Book Value
As at 31 December 2023 65,004 16,625 17,417 99,046
As at 1 January 2023 - 21,375 26,917 48,292
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 270,419 363,503
Prepayments and accrued income 1,090 -
Other taxes and social security - 615
Directors' loan accounts 86,518 -
Directors Loan - Shaun 52,495 -
410,522 364,118
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,597 557
Corporation tax 202,631 67,073
Other taxes and social security 728 -
VAT 83,555 88,146
Other creditors 1,737 2,869
Accruals and deferred income 300 195
Directors' loan accounts - 482
290,548 159,322
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Dr Shaun Hillier - 52,495 - - 52,495
Mr Peter Hillier (482 ) 87,000 - - 86,518
The above loan is unsecured, interest free and repayable on demand.
Page 4