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 06599627 Mr Paul Botham Mrs Sharon Botham Mr Ali Mohsin Mr Paul Botham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06599627 2023-03-31 06599627 2024-03-31 06599627 2023-04-01 2024-03-31 06599627 frs-core:CurrentFinancialInstruments 2024-03-31 06599627 frs-core:Non-currentFinancialInstruments 2024-03-31 06599627 frs-core:BetweenOneFiveYears 2024-03-31 06599627 frs-core:ComputerEquipment 2024-03-31 06599627 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06599627 frs-core:ComputerEquipment 2023-03-31 06599627 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 06599627 frs-core:FurnitureFittings 2024-03-31 06599627 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06599627 frs-core:FurnitureFittings 2023-03-31 06599627 frs-core:MotorVehicles 2024-03-31 06599627 frs-core:MotorVehicles 2023-04-01 2024-03-31 06599627 frs-core:MotorVehicles 2023-03-31 06599627 frs-core:OtherResidualIntangibleAssets 2024-03-31 06599627 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 06599627 frs-core:OtherResidualIntangibleAssets 2023-03-31 06599627 frs-core:PlantMachinery 2024-03-31 06599627 frs-core:PlantMachinery 2023-04-01 2024-03-31 06599627 frs-core:PlantMachinery 2023-03-31 06599627 frs-core:WithinOneYear 2024-03-31 06599627 frs-core:ShareCapital 2024-03-31 06599627 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06599627 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06599627 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06599627 frs-bus:SmallEntities 2023-04-01 2024-03-31 06599627 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06599627 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06599627 frs-bus:Director1 2023-04-01 2024-03-31 06599627 frs-bus:Director2 2023-04-01 2024-03-31 06599627 frs-bus:Director3 2023-04-01 2024-03-31 06599627 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06599627 frs-countries:EnglandWales 2023-04-01 2024-03-31 06599627 2022-03-31 06599627 2023-03-31 06599627 2022-04-01 2023-03-31 06599627 frs-core:CurrentFinancialInstruments 2023-03-31 06599627 frs-core:Non-currentFinancialInstruments 2023-03-31 06599627 frs-core:BetweenOneFiveYears 2023-03-31 06599627 frs-core:WithinOneYear 2023-03-31 06599627 frs-core:ShareCapital 2023-03-31 06599627 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06599627
2connect Digital Solutions Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06599627
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,081 10,023
Tangible Assets 5 121,575 1,667
132,656 11,690
CURRENT ASSETS
Debtors 6 102,032 52,952
Cash at bank and in hand 132,181 80,040
234,213 132,992
Creditors: Amounts Falling Due Within One Year 7 (282,129 ) (110,254 )
NET CURRENT ASSETS (LIABILITIES) (47,916 ) 22,738
TOTAL ASSETS LESS CURRENT LIABILITIES 84,740 34,428
Creditors: Amounts Falling Due After More Than One Year 8 (60,716 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (230 ) (230 )
NET ASSETS 23,794 34,198
CAPITAL AND RESERVES
Called up share capital 10 102 102
Profit and Loss Account 23,692 34,096
SHAREHOLDERS' FUNDS 23,794 34,198
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Paul Botham
Director
17 July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
2connect Digital Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06599627 . The registered office is First Floor, Sterling House, Outrams Wharf, Little Eaton, Derby, DE21 5EL.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are measured at cost less accumlated amortisation It is amortised to profit and loss account using the stragiht line method of 25%. 
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:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.5. 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 profit and loss account 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 profit and loss account as incurred.
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2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 11,900
Additions 4,600
As at 31 March 2024 16,500
Amortisation
As at 1 April 2023 1,877
Provided during the period 3,542
As at 31 March 2024 5,419
Net Book Value
As at 31 March 2024 11,081
As at 1 April 2023 10,023
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 - - 1,113 3,230 4,343
Additions 53,191 71,227 - 7,154 131,572
As at 31 March 2024 53,191 71,227 1,113 10,384 135,915
Depreciation
As at 1 April 2023 - - 577 2,099 2,676
Provided during the period 5,765 4,452 278 1,169 11,664
As at 31 March 2024 5,765 4,452 855 3,268 14,340
Net Book Value
As at 31 March 2024 47,426 66,775 258 7,116 121,575
As at 1 April 2023 - - 536 1,131 1,667
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 96,161 44,068
Prepayments and accrued income 5,871 8,884
102,032 52,952
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,553 -
Trade creditors 132,650 14,813
Corporation tax 1,345 12,860
Other taxes and social security 818 -
VAT 56,061 23,260
Accruals and deferred income 83,399 58,707
Directors' loan accounts 303 614
282,129 110,254
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 60,716 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,553 -
Later than one year and not later than five years 60,716 -
68,269 -
68,269 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
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