Acorah Software Products - Accounts Production 15.0.500 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12055498 Mrs Rachael Vardey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12055498 2023-06-30 12055498 2024-06-30 12055498 2023-07-01 2024-06-30 12055498 frs-core:CurrentFinancialInstruments 2024-06-30 12055498 frs-core:ComputerEquipment 2024-06-30 12055498 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12055498 frs-core:ComputerEquipment 2023-06-30 12055498 frs-core:FurnitureFittings 2024-06-30 12055498 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12055498 frs-core:FurnitureFittings 2023-06-30 12055498 frs-core:ShareCapital 2024-06-30 12055498 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12055498 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12055498 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12055498 frs-bus:SmallEntities 2023-07-01 2024-06-30 12055498 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12055498 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12055498 frs-bus:Director1 2023-07-01 2024-06-30 12055498 frs-countries:EnglandWales 2023-07-01 2024-06-30 12055498 2022-06-30 12055498 2023-06-30 12055498 2022-07-01 2023-06-30 12055498 frs-core:CurrentFinancialInstruments 2023-06-30 12055498 frs-core:ShareCapital 2023-06-30 12055498 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12055498
FutureOrg Consulting Ltd
Financial Statements
For The Year Ended 30 June 2024
Foreshore Accountancy LLP
Chartered Accountants
Fairfield
Shotley Road, Chelmondiston
Ipswich
Suffolk
IP9 1EE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12055498
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,379 3,356
3,379 3,356
CURRENT ASSETS
Debtors 5 38,400 31,562
Cash at bank and in hand 237,833 246,699
276,233 278,261
Creditors: Amounts Falling Due Within One Year 6 (57,533 ) (46,444 )
NET CURRENT ASSETS (LIABILITIES) 218,700 231,817
TOTAL ASSETS LESS CURRENT LIABILITIES 222,079 235,173
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (641 ) (637 )
NET ASSETS 221,438 234,536
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 221,338 234,436
SHAREHOLDERS' FUNDS 221,438 234,536
Page 1
Page 2
For the year ending 30 June 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 her 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 Rachael Vardey
Director
31 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FutureOrg Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12055498 . The registered office is 42 Stafford Road, Brighton, BN1 5PF.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and discounts.
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:
Fixtures & Fittings 1/3 straight line
Computer Equipment .
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 19,858 - 19,858
Additions 3,352 - 3,352
As at 30 June 2024 23,210 - 23,210
Depreciation
As at 1 July 2023 16,502 - 16,502
Provided during the period 3,329 - 3,329
As at 30 June 2024 19,831 - 19,831
Net Book Value
As at 30 June 2024 3,379 - 3,379
As at 1 July 2023 3,356 - 3,356
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,400 27,900
Prepayments and accrued income - 3,500
Other taxes and social security - 162
38,400 31,562
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 49,287 36,600
Other taxes and social security 157 -
VAT 7,214 8,613
Accruals and deferred income 875 835
Director's loan account - 396
57,533 46,444
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 641 637
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4