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Registered number: 10842503
Anguleris Technologies Ltd
Financial Statements
For The Year Ended 30 June 2023
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10842503
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,384 -
2,384 -
CURRENT ASSETS
Debtors 5 28,758 8,202
Cash at bank and in hand 17,698 20,240
46,456 28,442
Creditors: Amounts Falling Due Within One Year 6 (655,880 ) (277,239 )
NET CURRENT ASSETS (LIABILITIES) (609,424 ) (248,797 )
TOTAL ASSETS LESS CURRENT LIABILITIES (607,040 ) (248,797 )
NET LIABILITIES (607,040 ) (248,797 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (607,140 ) (248,897 )
SHAREHOLDERS' FUNDS (607,040) (248,797)
Page 1
Page 2
For the year ending 30 June 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
Mr A Fuller
Director
02/08/2024
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
Anguleris Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10842503 . The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small
Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention
as modified by the revaluation of certain assets.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the
nearest £1.
2.2. Turnover
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
When the outcome of a transaction can be estimated reliably, turnover from the design services is recognised by
reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the time
spent.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised
that are recoverable.
2.3. Tangible Fixed Assets and Depreciation
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated
impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual
value, of each asset on a systematic basis over its expected useful life as follows:
Fixtures & Fittings 15% on cost
Computer Equipment 25% on cost
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2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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.
2.6.
Impairment
Assets not measured at fair value are reviewed for any indication 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.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
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3. Average Number of Employees
Average number of employees, including directors, during the  was: 2 (2022: )
2 -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2022 -
Additions 2,805
As at 30 June 2023 2,805
Depreciation
As at 1 July 2022 -
Provided during the period 421
As at 30 June 2023 421
Net Book Value
As at 30 June 2023 2,384
As at 1 July 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,920 6,000
Other debtors 20,838 2,202
28,758 8,202
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 577,428 236,025
Taxation and social security 78,452 41,214
655,880 277,239
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5