Acorah Software Products - Accounts Production 14.6.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11962550 Mr Michael Pratten Mr Michael Pratten true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11962550 2023-04-30 11962550 2024-04-30 11962550 2023-05-01 2024-04-30 11962550 frs-core:CurrentFinancialInstruments 2024-04-30 11962550 frs-core:ComputerEquipment 2024-04-30 11962550 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11962550 frs-core:ComputerEquipment 2023-04-30 11962550 frs-core:FurnitureFittings 2024-04-30 11962550 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11962550 frs-core:FurnitureFittings 2023-04-30 11962550 frs-core:MotorVehicles 2024-04-30 11962550 frs-core:MotorVehicles 2023-05-01 2024-04-30 11962550 frs-core:MotorVehicles 2023-04-30 11962550 frs-core:PlantMachinery 2024-04-30 11962550 frs-core:PlantMachinery 2023-05-01 2024-04-30 11962550 frs-core:PlantMachinery 2023-04-30 11962550 frs-core:ShareCapital 2024-04-30 11962550 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11962550 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11962550 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11962550 frs-bus:SmallEntities 2023-05-01 2024-04-30 11962550 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11962550 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11962550 1 2023-05-01 2024-04-30 11962550 frs-bus:Director1 2023-05-01 2024-04-30 11962550 frs-countries:EnglandWales 2023-05-01 2024-04-30 11962550 2022-04-30 11962550 2023-04-30 11962550 2022-05-01 2023-04-30 11962550 frs-core:CurrentFinancialInstruments 2023-04-30 11962550 frs-core:ShareCapital 2023-04-30 11962550 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11962550
POLARIS ASSET MANAGEMENT LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11962550
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,626 2,971
83,626 2,971
CURRENT ASSETS
Debtors 5 5,425 -
Cash at bank and in hand 124,136 185,235
129,561 185,235
Creditors: Amounts Falling Due Within One Year 6 7,719 (10,193 )
NET CURRENT ASSETS (LIABILITIES) 137,280 175,042
TOTAL ASSETS LESS CURRENT LIABILITIES 220,906 178,013
NET ASSETS 220,906 178,013
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 220,905 178,012
SHAREHOLDERS' FUNDS 220,906 178,013
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Michael Pratten
Director
07/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
POLARIS ASSET MANAGEMENT LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11962550 . The registered office is Radius House, 51 Clarendon Road, Watford, WD17 1HP.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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 50%
Motor Vehicles 100%
Fixtures & Fittings 50%
Computer Equipment 50%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 464 - 2,520 11,721 14,705
Additions - 104,532 - - 104,532
As at 30 April 2024 464 104,532 2,520 11,721 119,237
Depreciation
As at 1 May 2023 464 - 2,520 8,750 11,734
Provided during the period - 20,906 - 2,971 23,877
As at 30 April 2024 464 20,906 2,520 11,721 35,611
Net Book Value
As at 30 April 2024 - 83,626 - - 83,626
As at 1 May 2023 - - - 2,971 2,971
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,425 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30 -
Corporation tax (8,605 ) 9,301
VAT 770 779
Other creditors (1 ) -
Director's loan account 87 113
(7,719 ) 10,193
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Michael Pratten by virtue of his ownership of 100% of the issued share capital in the company.
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