Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 1 November 2021 false 1 November 2022 29 February 2024 29 February 2024 11652683 Mr Abdelkrim Yousfi Mr Abdelkrim YOUSFI true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11652683 2022-10-31 11652683 2024-02-29 11652683 2022-11-01 2024-02-29 11652683 frs-core:CurrentFinancialInstruments 2024-02-29 11652683 frs-core:Non-currentFinancialInstruments 2024-02-29 11652683 frs-core:ComputerEquipment 2024-02-29 11652683 frs-core:ComputerEquipment 2022-11-01 2024-02-29 11652683 frs-core:ComputerEquipment 2022-10-31 11652683 frs-core:ShareCapital 2024-02-29 11652683 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11652683 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2024-02-29 11652683 frs-bus:FilletedAccounts 2022-11-01 2024-02-29 11652683 frs-bus:SmallEntities 2022-11-01 2024-02-29 11652683 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-02-29 11652683 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-02-29 11652683 1 2022-11-01 2024-02-29 11652683 frs-bus:Director1 2022-11-01 2024-02-29 11652683 frs-countries:EnglandWales 2022-11-01 2024-02-29 11652683 2021-10-31 11652683 2022-10-31 11652683 2021-11-01 2022-10-31 11652683 frs-core:CurrentFinancialInstruments 2022-10-31 11652683 frs-core:Non-currentFinancialInstruments 2022-10-31 11652683 frs-core:ShareCapital 2022-10-31 11652683 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 11652683
AUDACITY GLOBAL LIMITED
Unaudited Financial Statements
For the Period 1 November 2022 to 29 February 2024
A-Z Z-A COMPANIES
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11652683
29 February 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,990 3,738
2,990 3,738
CURRENT ASSETS
Debtors 5 2,942 271
Cash at bank and in hand 26,385 202,567
29,327 202,838
Creditors: Amounts Falling Due Within One Year 6 (109,341 ) (257,488 )
NET CURRENT ASSETS (LIABILITIES) (80,014 ) (54,650 )
TOTAL ASSETS LESS CURRENT LIABILITIES (77,024 ) (50,912 )
Creditors: Amounts Falling Due After More Than One Year 7 (38,891 ) (45,000 )
NET LIABILITIES (115,915 ) (95,912 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (115,916 ) (95,913 )
SHAREHOLDERS' FUNDS (115,915) (95,912)
Page 1
Page 2
For the period ending 29 February 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 Abdelkrim Yousfi
Director
14/07/2024
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
AUDACITY GLOBAL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11652683 . The registered office is Level 8. Office 8.05 One Canada Square, London, E14 5AA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Computer Equipment 20% on diminishing balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 10 (2022: 14)
10 14
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 4,672
As at 29 February 2024 4,672
Depreciation
As at 1 November 2022 934
Provided during the period 748
As at 29 February 2024 1,682
Net Book Value
As at 29 February 2024 2,990
As at 1 November 2022 3,738
5. Debtors
29 February 2024 31 October 2022
£ £
Due within one year
Trade debtors 2,942 -
Net wages - 271
2,942 271
6. Creditors: Amounts Falling Due Within One Year
29 February 2024 31 October 2022
£ £
Trade creditors 42,377 247,487
PAYE Control Account 485 -
VAT Control Account 264 -
Net wages 5,608 -
Director's loan account 60,607 10,001
109,341 257,488
7. Creditors: Amounts Falling Due After More Than One Year
29 February 2024 31 October 2022
£ £
Bank loans 38,891 45,000
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8. Share Capital
29 February 2024 31 October 2022
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Abdelkrim YOUSFI by virtue of his ownership of 100% of the issued share capital in the company.
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