Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09610817 Mr Andrew Moore Mr Paul Sly Mrs Catherine Grant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09610817 2023-03-31 09610817 2024-03-31 09610817 2023-04-01 2024-03-31 09610817 frs-core:CurrentFinancialInstruments 2024-03-31 09610817 frs-core:Non-currentFinancialInstruments 2024-03-31 09610817 frs-core:ComputerEquipment 2024-03-31 09610817 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09610817 frs-core:ComputerEquipment 2023-03-31 09610817 frs-core:NetGoodwill 2024-03-31 09610817 frs-core:NetGoodwill 2023-04-01 2024-03-31 09610817 frs-core:NetGoodwill 2023-03-31 09610817 frs-core:SharePremium 2024-03-31 09610817 frs-core:ShareCapital 2024-03-31 09610817 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09610817 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09610817 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09610817 frs-bus:SmallEntities 2023-04-01 2024-03-31 09610817 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09610817 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09610817 frs-core:CostValuation 2023-03-31 09610817 frs-core:CostValuation 2024-03-31 09610817 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 09610817 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 09610817 frs-bus:Director1 2023-04-01 2024-03-31 09610817 frs-bus:Director2 2023-04-01 2024-03-31 09610817 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 09610817 frs-countries:EnglandWales 2023-04-01 2024-03-31 09610817 2022-03-31 09610817 2023-03-31 09610817 2022-04-01 2023-03-31 09610817 frs-core:CurrentFinancialInstruments 2023-03-31 09610817 frs-core:Non-currentFinancialInstruments 2023-03-31 09610817 frs-core:SharePremium 2023-03-31 09610817 frs-core:ShareCapital 2023-03-31 09610817 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09610817
Clarity Consulting Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09610817
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 254,616 268,039
Tangible Assets 4 16,641 14,491
Investments 5 30,921 30,921
302,178 313,451
CURRENT ASSETS
Debtors 6 914,453 996,083
Cash at bank and in hand 43,186 229,111
957,639 1,225,194
Creditors: Amounts Falling Due Within One Year 7 (355,346 ) (435,489 )
NET CURRENT ASSETS (LIABILITIES) 602,293 789,705
TOTAL ASSETS LESS CURRENT LIABILITIES 904,471 1,103,156
Creditors: Amounts Falling Due After More Than One Year 8 (33,160 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,000 ) (3,000 )
NET ASSETS 868,311 1,100,156
CAPITAL AND RESERVES
Called up share capital 100 100
Share premium account - 25,000
Profit and Loss Account 868,211 1,075,056
SHAREHOLDERS' FUNDS 868,311 1,100,156
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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 Paul Sly
Director
13 August 2024
The notes on pages 3 to 6 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. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
1.3. 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 10 years.
1.4. 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:
Equipment 25% reducing balance
1.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
1.6. Foreign Currencies
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.
1.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
...CONTINUED
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1.7. Taxation - continued
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.
Deferred tax is only adjusted if the change in the timing difference is material.
1.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.9. Investments
All investments are carried at cost. They are not revalued unless there is an active market in which a valuation cen be reliably determined.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 25 (2023: 25)
25 25
3. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 344,885
Additions 25,000
As at 31 March 2024 369,885
Amortisation
As at 1 April 2023 76,846
Provided during the period 38,423
As at 31 March 2024 115,269
Net Book Value
As at 31 March 2024 254,616
As at 1 April 2023 268,039
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4. Tangible Assets
Equipment
£
Cost
As at 1 April 2023 30,936
Additions 3,671
As at 31 March 2024 34,607
Depreciation
As at 1 April 2023 16,445
Provided during the period 1,521
As at 31 March 2024 17,966
Net Book Value
As at 31 March 2024 16,641
As at 1 April 2023 14,491
5. Investments
Other
£
Cost
As at 1 April 2023 30,921
As at 31 March 2024 30,921
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 30,921
As at 1 April 2023 30,921
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 866,216 951,083
Other debtors 48,237 45,000
914,453 996,083
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 29,167 27,575
Bank loans and overdrafts 143,246 -
Other creditors 47,826 84,262
Taxation and social security 135,107 323,652
355,346 435,489
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 33,160 -
33,160 -
9. General Information
Clarity Consulting Associates Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 09610817 . The registered office is 3rd Floor 86-90 Paul Street, London, England, EC2A 4NE.
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