Acorah Software Products - Accounts Production 15.0.500 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 13142592 Mr A Wright Mr J Faulkner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13142592 2022-12-31 13142592 2023-12-31 13142592 2023-01-01 2023-12-31 13142592 frs-core:CurrentFinancialInstruments 2023-12-31 13142592 frs-core:Non-currentFinancialInstruments 2023-12-31 13142592 frs-core:BetweenOneFiveYears 2023-12-31 13142592 frs-core:ComputerEquipment 2023-12-31 13142592 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13142592 frs-core:ComputerEquipment 2022-12-31 13142592 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 13142592 frs-core:FurnitureFittings 2023-12-31 13142592 frs-core:FurnitureFittings 2023-01-01 2023-12-31 13142592 frs-core:FurnitureFittings 2022-12-31 13142592 frs-core:OtherResidualIntangibleAssets 2023-12-31 13142592 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 13142592 frs-core:OtherResidualIntangibleAssets 2022-12-31 13142592 frs-core:WithinOneYear 2023-12-31 13142592 frs-core:ShareCapital 2023-12-31 13142592 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13142592 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13142592 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13142592 frs-bus:SmallEntities 2023-01-01 2023-12-31 13142592 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13142592 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13142592 frs-bus:Director1 2023-01-01 2023-12-31 13142592 frs-bus:Director2 2023-01-01 2023-12-31 13142592 frs-countries:EnglandWales 2023-01-01 2023-12-31 13142592 2021-12-31 13142592 2022-12-31 13142592 2022-01-01 2022-12-31 13142592 frs-core:CurrentFinancialInstruments 2022-12-31 13142592 frs-core:Non-currentFinancialInstruments 2022-12-31 13142592 frs-core:BetweenOneFiveYears 2022-12-31 13142592 frs-core:WithinOneYear 2022-12-31 13142592 frs-core:ShareCapital 2022-12-31 13142592 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13142592
Auxano Birmingham Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 13142592
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 40,884 59,034
Tangible Assets 5 2,199 3,364
43,083 62,398
CURRENT ASSETS
Stocks 6 900 -
Debtors 7 18,067 17,290
Cash at bank and in hand 61,649 25,934
80,616 43,224
Creditors: Amounts Falling Due Within One Year 8 (94,775 ) (67,946 )
NET CURRENT ASSETS (LIABILITIES) (14,159 ) (24,722 )
TOTAL ASSETS LESS CURRENT LIABILITIES 28,924 37,676
Creditors: Amounts Falling Due After More Than One Year 9 (26,766 ) (37,450 )
NET ASSETS 2,158 226
CAPITAL AND RESERVES
Called up share capital 11 21 21
Profit and Loss Account 2,137 205
SHAREHOLDERS' FUNDS 2,158 226
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For the year ending 31 December 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.
The financial statements were approved by the board of directors on 5 August 2024 and were signed on its behalf by:
Mr A Wright
Director
Mr J Faulkner
Director
5 August 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Auxano Birmingham Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13142592 . The registered office is The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT.
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 believe that notwithstandingnet current liabilities of £14,159 (2022 - £24,722), the company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the directors and external lenders will be adequate to meet the company’s needs for a period of at least 12 months from the date of approval of these financial statements.
2.3. Turnover
Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax, and other sales taxes.
Turnover from contracts to provide services is recognised over the period in which the services are provided. The stage of completion is determined by the proportion of services performed to date as a percentage of the total services to be performed.
Deferred revenue represents amounts invoiced for services that have not yet been completed or that relate to future periods. These amounts are recognised as income in the periods in which the related services are performed.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Purchased intangible assets are initially recognised at cost. After recognition, intangible assets are measured at cost less any accumulated amortization and impairment losses.
All intangible assets are considered to have a finite useful life. The estimated useful lives are as follows:
Client list - 10 years on a straight line basis
At each reporting date the company assesses whether there is any indication of impairment. If such indications exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within profit or loss.
2.5. 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 caclulated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 4 years on a straight line basis
Computer Equipment 4 years on a straight line basis
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss. 
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2.6. Leasing and Hire Purchase Contracts
Leases in which the company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases.
Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a straight-line basis over the term of the lease unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised in profit and loss over the term of the lease an an integral part of the total lease expenses.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.9. 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.
2.10. 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.
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2.11. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
2.12. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.13. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. 
Dividends on shares recognised as liabilities are recognised as expenses and are classified within interest payable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 61,500
As at 31 December 2023 61,500
Amortisation
As at 1 January 2023 2,466
Provided during the period 12,300
Impairment losses 5,850
As at 31 December 2023 20,616
Net Book Value
As at 31 December 2023 40,884
As at 1 January 2023 59,034
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 607 5,245 5,852
Additions - 349 349
As at 31 December 2023 607 5,594 6,201
Depreciation
As at 1 January 2023 244 2,244 2,488
Provided during the period 152 1,362 1,514
As at 31 December 2023 396 3,606 4,002
...CONTINUED
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Net Book Value
As at 31 December 2023 211 1,988 2,199
As at 1 January 2023 363 3,001 3,364
6. Stocks
2023 2022
£ £
Work in progress 900 -
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,121 6,244
Prepayments and accrued income 8,425 8,576
Other debtors 2,642 2,470
Other taxes and social security 2,879 -
18,067 17,290
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 333 95
Bank loans and overdrafts 14,209 14,981
Corporation tax 15,160 11,168
Other taxes and social security - 1,964
VAT 11,227 10,520
Other creditors 21,320 29,218
Accruals and deferred income 32,526 -
94,775 67,946
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 26,766 37,450
10. Secured Creditors
A fixed and floating charged was registered on 16 February 2021 in favour of BCRS MEIF GP Limited over all property and undertakings of the company. The secured charge includes a personal guarantee from the director(s). 
2023 2022
£ £
Bank loans and overdrafts 40,975 52,431
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 21 21
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12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 8,932 22,352
Later than one year and not later than five years 5,141 14,074
14,073 36,426
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