Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12367555 Mr J Sykes Mrs J Sykes Mr J Sykes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12367555 2023-03-31 12367555 2024-03-31 12367555 2023-04-01 2024-03-31 12367555 frs-core:CurrentFinancialInstruments 2024-03-31 12367555 frs-core:Non-currentFinancialInstruments 2024-03-31 12367555 frs-core:ComputerEquipment 2024-03-31 12367555 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12367555 frs-core:ComputerEquipment 2023-03-31 12367555 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 12367555 frs-core:PlantMachinery 2023-04-01 2024-03-31 12367555 frs-core:ShareCapital 2024-03-31 12367555 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12367555 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12367555 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12367555 frs-bus:SmallEntities 2023-04-01 2024-03-31 12367555 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12367555 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12367555 frs-bus:Director1 2023-04-01 2024-03-31 12367555 frs-bus:Director2 2023-04-01 2024-03-31 12367555 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 12367555 frs-countries:EnglandWales 2023-04-01 2024-03-31 12367555 2022-03-31 12367555 2023-03-31 12367555 2022-04-01 2023-03-31 12367555 frs-core:CurrentFinancialInstruments 2023-03-31 12367555 frs-core:Non-currentFinancialInstruments 2023-03-31 12367555 frs-core:ShareCapital 2023-03-31 12367555 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12367555
Fit 4 Purpose Property Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12367555
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,648 -
1,648 -
CURRENT ASSETS
Debtors 5 123,655 140,736
Cash at bank and in hand 514 2,838
124,169 143,574
Creditors: Amounts Falling Due Within One Year 6 (107,596 ) (115,850 )
NET CURRENT ASSETS (LIABILITIES) 16,573 27,724
TOTAL ASSETS LESS CURRENT LIABILITIES 18,221 27,724
NET ASSETS 18,221 27,724
CAPITAL AND RESERVES
Called up share capital 7 2 2
Income Statement 18,219 27,722
SHAREHOLDERS' FUNDS 18,221 27,724
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For the year ending 31 March 2024 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 Statement.
On behalf of the board
Mr J Sykes
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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.
1.4. 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:
Plant & Machinery 25% reducing balance
Computer Equipment 33% reducing balance
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
1.6. 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.
...CONTINUED
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1.6. Taxation - continued
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.
1.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
1.8. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
1.9. Impairment
Assets not measured at fair value are reviewed for any infdication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 2)
1 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 -
Additions 2,198
As at 31 March 2024 2,198
Depreciation
As at 1 April 2023 -
Provided during the period 550
As at 31 March 2024 550
Net Book Value
As at 31 March 2024 1,648
As at 1 April 2023 -
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5. Debtors
2024 2023
£ £
Due within one year
Other debtors 19,229 21,331
19,229 21,331
Due after more than one year
Other debtors 104,426 119,405
104,426 119,405
123,655 140,736
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other creditors 107,597 107,101
Taxation and social security - 8,749
107,596 115,850
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. General Information
Fit 4 Purpose Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12367555 . The registered office is The Courtyard, 33 Duke Street, Trowbridge, BA14 8EA.
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