Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04716522 Mr Vince Hayter Mr Vince Hayter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04716522 2023-03-31 04716522 2024-03-31 04716522 2023-04-01 2024-03-31 04716522 frs-core:CurrentFinancialInstruments 2024-03-31 04716522 frs-core:FurnitureFittings 2024-03-31 04716522 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04716522 frs-core:FurnitureFittings 2023-03-31 04716522 frs-core:NetGoodwill 2024-03-31 04716522 frs-core:NetGoodwill 2023-04-01 2024-03-31 04716522 frs-core:NetGoodwill 2023-03-31 04716522 frs-core:MotorVehicles 2024-03-31 04716522 frs-core:MotorVehicles 2023-04-01 2024-03-31 04716522 frs-core:MotorVehicles 2023-03-31 04716522 frs-core:PlantMachinery 2024-03-31 04716522 frs-core:PlantMachinery 2023-04-01 2024-03-31 04716522 frs-core:PlantMachinery 2023-03-31 04716522 frs-core:SharePremium 2024-03-31 04716522 frs-core:ShareCapital 2024-03-31 04716522 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04716522 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04716522 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04716522 frs-bus:SmallEntities 2023-04-01 2024-03-31 04716522 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04716522 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04716522 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04716522 frs-bus:OrdinaryShareClass1 2024-03-31 04716522 frs-bus:Director1 2023-04-01 2024-03-31 04716522 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04716522 frs-countries:EnglandWales 2023-04-01 2024-03-31 04716522 2022-03-31 04716522 2023-03-31 04716522 2022-04-01 2023-03-31 04716522 frs-core:CurrentFinancialInstruments 2023-03-31 04716522 frs-core:SharePremium 2023-03-31 04716522 frs-core:ShareCapital 2023-03-31 04716522 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04716522 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 04716522
Quay Graphic Limited
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: 04716522
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 88,613 97,997
88,613 97,997
CURRENT ASSETS
Debtors 6 - 4,080
Cash at bank and in hand - 37,334
- 41,414
Creditors: Amounts Falling Due Within One Year 7 (91,369 ) (126,538 )
NET CURRENT ASSETS (LIABILITIES) (91,369 ) (85,124 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,756 ) 12,873
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,747 ) (24,747 )
NET LIABILITIES (27,503 ) (11,874 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 10,950 10,950
Profit and Loss Account (38,553 ) (22,924 )
SHAREHOLDERS' FUNDS (27,503) (11,874)
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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 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 Vince Hayter
Director
15 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
Quay Graphic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04716522 . The registered office is Unit 3 Limberline Spur, Hilsea, Portsmouth, Hampshire, PO3 5HJ.
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 10 years.
2.4. 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:
Plant & Machinery 10% on reducing balance basis
Motor Vehicles 25% on reducing balance basis
Fixtures & Fittings 20% on reducing balance basis
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 11,000
As at 31 March 2024 11,000
Amortisation
As at 1 April 2023 11,000
As at 31 March 2024 11,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 215,561 35,000 10,336 260,897
As at 31 March 2024 215,561 35,000 10,336 260,897
Depreciation
As at 1 April 2023 140,117 13,497 9,286 162,900
Provided during the period 7,670 1,364 350 9,384
As at 31 March 2024 147,787 14,861 9,636 172,284
Net Book Value
As at 31 March 2024 67,774 20,139 700 88,613
As at 1 April 2023 75,444 21,503 1,050 97,997
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,898
Director's loan account - 2,182
- 4,080
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,903 27,405
Bank loans and overdrafts 35,406 38,033
Corporation tax (14 ) (15 )
Other taxes and social security 3,038 -
VAT 7,570 725
Other creditors 7,466 (1,907 )
Accruals and deferred income - 62,297
91,369 126,538
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
The company was under the control of the Directors throughout the year.
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