Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04983368 Mr Edward Bailey Mrs Caroline Ives Mrs Caroline Ives iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04983368 2022-12-31 04983368 2023-12-31 04983368 2023-01-01 2023-12-31 04983368 frs-core:CurrentFinancialInstruments 2023-12-31 04983368 frs-core:ComputerEquipment 2023-12-31 04983368 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04983368 frs-core:ComputerEquipment 2022-12-31 04983368 frs-core:FurnitureFittings 2023-12-31 04983368 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04983368 frs-core:FurnitureFittings 2022-12-31 04983368 frs-core:MotorVehicles 2023-12-31 04983368 frs-core:MotorVehicles 2023-01-01 2023-12-31 04983368 frs-core:MotorVehicles 2022-12-31 04983368 frs-core:ShareCapital 2023-12-31 04983368 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04983368 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04983368 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04983368 frs-bus:SmallEntities 2023-01-01 2023-12-31 04983368 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04983368 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04983368 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 04983368 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 04983368 frs-bus:Director1 2023-01-01 2023-12-31 04983368 frs-bus:Director2 2023-01-01 2023-12-31 04983368 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04983368 frs-countries:EnglandWales 2023-01-01 2023-12-31 04983368 2021-12-31 04983368 2022-12-31 04983368 2022-01-01 2022-12-31 04983368 frs-core:CurrentFinancialInstruments 2022-12-31 04983368 frs-core:ShareCapital 2022-12-31 04983368 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 04983368 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31
Registered number: 04983368
Bactura Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04983368
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,916 1,449
Investment Properties 5 737,753 1,032,753
773,669 1,034,202
CURRENT ASSETS
Debtors 6 40,113 29,899
Cash at bank and in hand 326,856 60,821
366,969 90,720
Creditors: Amounts Falling Due Within One Year 7 (690,759 ) (651,465 )
NET CURRENT ASSETS (LIABILITIES) (323,790 ) (560,745 )
TOTAL ASSETS LESS CURRENT LIABILITIES 449,879 473,457
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,464 ) (57,135 )
NET ASSETS 411,415 416,322
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair Value Reserve 9 128,197 243,573
Profit and Loss Account 283,118 172,649
SHAREHOLDERS' FUNDS 411,415 416,322
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Page 2
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
Mrs Caroline Ives
Director
16th 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
Bactura Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04983368 . The registered office is 2 Exeter House Beaufort Court, Sir Thomas Longley Road, Rochester, Kent, ME2 4FE.
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. 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% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 25% reducing balance basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Foreign Currencies
Monetary 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.
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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 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.
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 18,770 2,529 2,404 23,703
Additions 43,995 - - 43,995
As at 31 December 2023 62,765 2,529 2,404 67,698
Depreciation
As at 1 January 2023 17,713 2,229 2,312 22,254
Provided during the period 9,430 75 23 9,528
As at 31 December 2023 27,143 2,304 2,335 31,782
Net Book Value
As at 31 December 2023 35,622 225 69 35,916
As at 1 January 2023 1,057 300 92 1,449
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5. Investment Property
2023
£
Fair Value
As at 1 January 2023 1,032,753
Disposals (295,000 )
As at 31 December 2023 737,753
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,425 416
Other debtors 34,688 29,483
40,113 29,899
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 626 388
Other creditors 664,393 649,334
Taxation and social security 25,740 1,743
690,759 651,465
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 1 January 2023 243,573
Movements in fair value reserve (115,376)
As at 31 December 2023 128,197
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