Acorah Software Products - Accounts Production 15.0.500 false true false 28 February 2023 29 February 2024 29 February 2024 14694543 Mr W M Spruce Mrs R E Kellett Mr I Taylor Ms D H Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14694543 2023-02-27 14694543 2024-02-29 14694543 2023-02-28 2024-02-29 14694543 frs-core:CurrentFinancialInstruments 2024-02-29 14694543 frs-core:ShareCapital 2024-02-29 14694543 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 14694543 frs-bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-29 14694543 frs-bus:FilletedAccounts 2023-02-28 2024-02-29 14694543 frs-bus:SmallEntities 2023-02-28 2024-02-29 14694543 frs-bus:AuditExempt-NoAccountantsReport 2023-02-28 2024-02-29 14694543 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-29 14694543 frs-bus:Director1 2023-02-28 2024-02-29 14694543 frs-bus:Director2 2023-02-28 2024-02-29 14694543 frs-bus:Director3 2023-02-28 2024-02-29 14694543 frs-bus:Director4 2023-02-28 2024-02-29 14694543 frs-countries:EnglandWales 2023-02-28 2024-02-29
Registered number: 14694543
Fibre Smart Technologies Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14694543
2024
Notes £ £
CURRENT ASSETS
Debtors 4 1,165
Cash at bank and in hand 4,919
6,084
Creditors: Amounts Falling Due Within One Year 5 (5,812 )
NET CURRENT ASSETS (LIABILITIES) 272
TOTAL ASSETS LESS CURRENT LIABILITIES 272
NET ASSETS 272
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account 172
SHAREHOLDERS' FUNDS 272
For the year 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 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 I Taylor
Director
6 August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fibre Smart Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14694543 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
4. Debtors
2024
£
Due within one year
Trade debtors 1,165
5. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 1,987
Other creditors 3,198
Taxation and social security 627
5,812
Page 2
Page 3
6. Share Capital
2024
£
Allotted, Called up and fully paid 100
7. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
8. Related Party Transactions
 The following related party transactions were undertaken during the year:
A director withdrew amounts from the company totalling £25 and introduced amounts to the company totalling £312. At the balance sheet date the amount payable to the director was £287.
A director withdrew amounts from the company totalling £25 and introduced amounts to the company totalling £312. At the balance sheet date the amount payable to the director was £287.
A director withdrew amounts from the company totalling £25 and introduced amounts to the company totalling £312. At the balance sheet date the amount payable to the director was £287.
A director withdrew amounts from the company totalling £25 and introduced amounts to the company totalling £1,232. At the balance sheet date the amount payable to the director was £1,207.
No dividends were paid to the directors in respect of their shareholdings.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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