Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04343138 Mr Kevin Dunn Timothy Osullivan Mr Kevin Dunn Kevin J Dunn true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04343138 2022-12-31 04343138 2023-12-31 04343138 2023-01-01 2023-12-31 04343138 frs-core:CurrentFinancialInstruments 2023-12-31 04343138 frs-core:FurnitureFittings 2023-12-31 04343138 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04343138 frs-core:FurnitureFittings 2022-12-31 04343138 frs-core:ShareCapital 2023-12-31 04343138 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04343138 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04343138 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04343138 frs-bus:SmallEntities 2023-01-01 2023-12-31 04343138 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04343138 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04343138 1 2023-01-01 2023-12-31 04343138 frs-bus:Director1 2023-01-01 2023-12-31 04343138 frs-bus:Director2 2023-01-01 2023-12-31 04343138 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04343138 frs-countries:EnglandWales 2023-01-01 2023-12-31 04343138 2021-12-31 04343138 2022-12-31 04343138 2022-01-01 2022-12-31 04343138 frs-core:CurrentFinancialInstruments 2022-12-31 04343138 frs-core:ShareCapital 2022-12-31 04343138 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04343138
FRCS Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
GC Accountancy Management Service Ltd
Howes Farm Office
Doddinghurst Road Pilgrims Hatch
Brentwood
Essex
CM15 0SG
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04343138
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand 6,579 11,339
6,579 11,339
Creditors: Amounts Falling Due Within One Year 5 (23,925 ) (23,695 )
NET CURRENT ASSETS (LIABILITIES) (17,346 ) (12,356 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,346 ) (12,356 )
NET LIABILITIES (17,346 ) (12,356 )
CAPITAL AND RESERVES
Called up share capital 6 6,000 6,000
Profit and Loss Account (23,346 ) (18,356 )
SHAREHOLDERS' FUNDS (17,346) (12,356)
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 Profit and Loss Account.
On behalf of the board
Mr Kevin Dunn
Director
29/07/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
FRCS Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04343138 . The registered office is 1 Walnut Tree Lane, Bishops Stortford, Herts., CM23 1JF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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 stated at cost less depreciation. 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:
Fixtures & Fittings 25%
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 4,223
As at 31 December 2023 4,223
Depreciation
As at 1 January 2023 4,223
As at 31 December 2023 4,223
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax - 113
Accruals and deferred income - 250
Directors' loan accounts 23,925 23,332
23,925 23,695
Old outstanding funds owed to related parties under other creditors have been transferred to reserves.
These amounts are all over 8 years old.
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 6,000 6,000
7. Ultimate Controlling Party
The company's ultimate controlling party is Kevin J Dunn by virtue of their ownership of 100% of the issued share capital in the company.
Page 3