Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12015295 Mr Alexander Williams Mr Kieran Porter Miss Abbie Cavanagh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12015295 2023-03-31 12015295 2024-03-31 12015295 2023-04-01 2024-03-31 12015295 frs-core:CurrentFinancialInstruments 2024-03-31 12015295 frs-core:Non-currentFinancialInstruments 2024-03-31 12015295 frs-core:ComputerEquipment 2024-03-31 12015295 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12015295 frs-core:ComputerEquipment 2023-03-31 12015295 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 12015295 frs-core:FurnitureFittings 2024-03-31 12015295 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12015295 frs-core:FurnitureFittings 2023-03-31 12015295 frs-core:NetGoodwill 2024-03-31 12015295 frs-core:NetGoodwill 2023-04-01 2024-03-31 12015295 frs-core:NetGoodwill 2023-03-31 12015295 frs-core:OtherResidualIntangibleAssets 2024-03-31 12015295 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 12015295 frs-core:OtherResidualIntangibleAssets 2023-03-31 12015295 frs-core:ShareCapital 2024-03-31 12015295 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12015295 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12015295 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12015295 frs-bus:SmallEntities 2023-04-01 2024-03-31 12015295 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12015295 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12015295 frs-bus:Director1 2023-04-01 2024-03-31 12015295 frs-bus:Director1 2023-03-31 12015295 frs-bus:Director1 2024-03-31 12015295 frs-bus:Director2 2023-04-01 2024-03-31 12015295 frs-bus:Director3 2023-04-01 2024-03-31 12015295 frs-core:CurrentFinancialInstruments 1 2024-03-31 12015295 frs-countries:EnglandWales 2023-04-01 2024-03-31 12015295 2022-03-31 12015295 2023-03-31 12015295 2022-04-01 2023-03-31 12015295 frs-core:CurrentFinancialInstruments 2023-03-31 12015295 frs-core:Non-currentFinancialInstruments 2023-03-31 12015295 frs-core:ShareCapital 2023-03-31 12015295 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 12015295 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 12015295
Standby Healthcare (North) Ltd
Unaudited 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: 12015295
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 15,379
Tangible Assets 5 7,427 10,957
7,427 26,336
CURRENT ASSETS
Debtors 6 533,510 288,313
Cash at bank and in hand 168,810 135,971
702,320 424,284
Creditors: Amounts Falling Due Within One Year 7 (577,536 ) (413,099 )
NET CURRENT ASSETS (LIABILITIES) 124,784 11,185
TOTAL ASSETS LESS CURRENT LIABILITIES 132,211 37,521
Creditors: Amounts Falling Due After More Than One Year 8 (11,667 ) (31,667 )
NET ASSETS 120,544 5,854
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 120,543 5,853
SHAREHOLDERS' FUNDS 120,544 5,854
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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 Alexander Williams
Director
8th August 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
Standby Healthcare (North) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12015295 . The registered office is 1 Maling Court, Union Street, Newcastle Upon Tyne, Tyne And Wear, NE2 1BP.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 1 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software app build. It is amortised to profit and loss account over its estimated economic life of 5 years.
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 calculated 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 50% Straight Line
Computer Equipment 33% Straight Line
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. 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 year 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 asset reflects 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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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 18 15
Sales, marketing and distribution 104 96
122 111
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2023 2,000 16,505 18,505
Disposals - (16,505 ) (16,505 )
As at 31 March 2024 2,000 - 2,000
Amortisation
As at 1 April 2023 2,000 1,126 3,126
Disposals - (1,126 ) (1,126 )
As at 31 March 2024 2,000 - 2,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 15,350 5,138 20,488
Additions - 2,405 2,405
As at 31 March 2024 15,350 7,543 22,893
Depreciation
As at 1 April 2023 7,853 1,678 9,531
Provided during the period 3,557 2,378 5,935
As at 31 March 2024 11,410 4,056 15,466
Net Book Value
As at 31 March 2024 3,940 3,487 7,427
As at 1 April 2023 7,497 3,460 10,957
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 365,414 216,107
Prepayments and accrued income 79,796 59,393
Other debtors 67,596 2,500
VAT 1,289 10,313
Directors' loan accounts 19,415 -
533,510 288,313
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57,481 20,479
Bank loans and overdrafts 12,700 154
Corporation tax 67,865 (1,968 )
Other taxes and social security 121,688 192,014
Net wages - 2,916
Other creditors - 8,262
Advantedge Factoring No. 1 274,868 160,053
Accruals and deferred income 42,934 31,189
577,536 413,099
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,667 31,667
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Alexander Williams - 19,415 - - 19,415
The above loan is unsecured, interest free and repayable on demand.
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