Acorah Software Products - Accounts Production 15.0.500 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09893889 Mr Peter Smale Mr Robert McKenzie Mr Benjamin Wade iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09893889 2022-12-31 09893889 2023-12-31 09893889 2023-01-01 2023-12-31 09893889 frs-core:CurrentFinancialInstruments 2023-12-31 09893889 frs-core:Non-currentFinancialInstruments 2023-12-31 09893889 frs-core:BetweenOneFiveYears 2023-12-31 09893889 frs-core:ComputerEquipment 2023-12-31 09893889 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09893889 frs-core:ComputerEquipment 2022-12-31 09893889 frs-core:FurnitureFittings 2023-12-31 09893889 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09893889 frs-core:FurnitureFittings 2022-12-31 09893889 frs-core:MotorVehicles 2023-12-31 09893889 frs-core:MotorVehicles 2023-01-01 2023-12-31 09893889 frs-core:MotorVehicles 2022-12-31 09893889 frs-core:WithinOneYear 2023-12-31 09893889 frs-core:ShareCapital 2023-12-31 09893889 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09893889 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09893889 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09893889 frs-bus:SmallEntities 2023-01-01 2023-12-31 09893889 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09893889 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09893889 frs-bus:Director1 2023-01-01 2023-12-31 09893889 frs-bus:Director2 2023-01-01 2023-12-31 09893889 frs-bus:Director3 2023-01-01 2023-12-31 09893889 frs-countries:EnglandWales 2023-01-01 2023-12-31 09893889 2021-12-31 09893889 2022-12-31 09893889 2022-01-01 2022-12-31 09893889 frs-core:CurrentFinancialInstruments 2022-12-31 09893889 frs-core:Non-currentFinancialInstruments 2022-12-31 09893889 frs-core:BetweenOneFiveYears 2022-12-31 09893889 frs-core:WithinOneYear 2022-12-31 09893889 frs-core:ShareCapital 2022-12-31 09893889 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09893889
Excel Office Communications Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09893889
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,798 4,680
22,798 4,680
CURRENT ASSETS
Debtors 5 35,611 22,432
Cash at bank and in hand 112,955 129,050
148,566 151,482
Creditors: Amounts Falling Due Within One Year 6 (85,606 ) (63,171 )
NET CURRENT ASSETS (LIABILITIES) 62,960 88,311
TOTAL ASSETS LESS CURRENT LIABILITIES 85,758 92,991
Creditors: Amounts Falling Due After More Than One Year 7 (22,942 ) (24,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (211 ) (1,147 )
NET ASSETS 62,605 67,677
CAPITAL AND RESERVES
Called up share capital 10 103 103
Income Statement 62,502 67,574
SHAREHOLDERS' FUNDS 62,605 67,677
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For the year ending 31 December 2023 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 Income Statement.
On behalf of the board
Mr Peter Smale
Director
14 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
Excel Office Communications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09893889 . The registered office is 17-20 Pegholme Mill Ilkley Road, Wharfebank Business Centre, Otley, LS21 3JP.
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for isesu.
2.3. 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.
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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on cost
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 income statement 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 income statement as incurred.
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: 2 (2022: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 - 6,356 4,113 10,469
Additions 23,700 491 782 24,973
Disposals - - (2,303 ) (2,303 )
As at 31 December 2023 23,700 6,847 2,592 33,139
Depreciation
As at 1 January 2023 - 2,683 3,106 5,789
Provided during the period 5,431 605 819 6,855
Disposals - - (2,303 ) (2,303 )
As at 31 December 2023 5,431 3,288 1,622 10,341
Net Book Value
As at 31 December 2023 18,269 3,559 970 22,798
As at 1 January 2023 - 3,673 1,007 4,680
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,579 3,900
Amounts owed by participating interests 22,532 18,532
Other debtors 1,500 -
35,611 22,432
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,050 -
Trade creditors 2,357 27
Bank loans and overdrafts 10,000 10,000
Other creditors 28,544 26,865
Taxation and social security 40,655 26,279
85,606 63,171
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,775 -
Bank loans 14,167 24,167
22,942 24,167
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8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,825 -
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,050 -
Later than one year and not later than five years 8,775 -
12,825 -
12,825 -
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 103 103
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