Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 03440177 J Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03440177 2022-11-30 03440177 2023-11-30 03440177 2022-12-01 2023-11-30 03440177 frs-core:CurrentFinancialInstruments 2023-11-30 03440177 frs-core:ComputerEquipment 2023-11-30 03440177 frs-core:ComputerEquipment 2022-12-01 2023-11-30 03440177 frs-core:ComputerEquipment 2022-11-30 03440177 frs-core:ShareCapital 2023-11-30 03440177 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 03440177 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03440177 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 03440177 frs-bus:SmallEntities 2022-12-01 2023-11-30 03440177 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 03440177 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 03440177 frs-bus:Director1 2022-12-01 2023-11-30 03440177 frs-countries:EnglandWales 2022-12-01 2023-11-30 03440177 2021-11-30 03440177 2022-11-30 03440177 2021-12-01 2022-11-30 03440177 frs-core:CurrentFinancialInstruments 2022-11-30 03440177 frs-core:ShareCapital 2022-11-30 03440177 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 03440177
Needed Properties Ltd.
Financial Statements
For The Year Ended 30 November 2023
William Price & Co
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03440177
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 774 -
774 -
CURRENT ASSETS
Debtors 4 - 3,695
Cash at bank and in hand 274,116 276,514
274,116 280,209
Creditors: Amounts Falling Due Within One Year 5 (212,740 ) (212,010 )
NET CURRENT ASSETS (LIABILITIES) 61,376 68,199
TOTAL ASSETS LESS CURRENT LIABILITIES 62,150 68,199
NET ASSETS 62,150 68,199
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 62,149 68,198
SHAREHOLDERS' FUNDS 62,150 68,199
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Page 2
For the year ending 30 November 2023 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
J Harris
Director
14 August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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:
Computer Equipment 25% straight line method.
1.3. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2022: NIL)
- -
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3. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 -
Additions 1,032
As at 30 November 2023 1,032
Depreciation
As at 1 December 2022 -
Provided during the period 258
As at 30 November 2023 258
Net Book Value
As at 30 November 2023 774
As at 1 December 2022 -
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 3,695
- 3,695
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 1,060 850
Director's loan account 211,680 211,160
212,740 212,010
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
7. General Information
Needed Properties Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03440177 . The registered office is 51 Portland Road, Street, BA16 9PX.
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