Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11441201 D A Stear R A Leal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11441201 2023-06-30 11441201 2024-06-30 11441201 2023-07-01 2024-06-30 11441201 frs-core:CurrentFinancialInstruments 2024-06-30 11441201 frs-core:Non-currentFinancialInstruments 2024-06-30 11441201 frs-core:ComputerEquipment 2024-06-30 11441201 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11441201 frs-core:ComputerEquipment 2023-06-30 11441201 frs-core:ShareCapital 2024-06-30 11441201 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11441201 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11441201 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11441201 frs-bus:SmallEntities 2023-07-01 2024-06-30 11441201 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11441201 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11441201 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11441201 frs-bus:OrdinaryShareClass1 2024-06-30 11441201 frs-bus:Director1 2023-07-01 2024-06-30 11441201 frs-bus:Director2 2023-07-01 2024-06-30 11441201 frs-countries:EnglandWales 2023-07-01 2024-06-30 11441201 2022-06-30 11441201 2023-06-30 11441201 2022-07-01 2023-06-30 11441201 frs-core:CurrentFinancialInstruments 2023-06-30 11441201 frs-core:Non-currentFinancialInstruments 2023-06-30 11441201 frs-core:ShareCapital 2023-06-30 11441201 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 11441201 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30
Registered number: 11441201
Offernet.Net Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11441201
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,215 1,712
1,215 1,712
CURRENT ASSETS
Debtors 5 406,919 166,913
Cash at bank and in hand 113,569 68,795
520,488 235,708
Creditors: Amounts Falling Due Within One Year 6 (341,585 ) (96,203 )
NET CURRENT ASSETS (LIABILITIES) 178,903 139,505
TOTAL ASSETS LESS CURRENT LIABILITIES 180,118 141,217
Creditors: Amounts Falling Due After More Than One Year 7 (11,637 ) (12,634 )
NET ASSETS 168,481 128,583
CAPITAL AND RESERVES
Called up share capital 8 1,200 1,200
Profit and Loss Account 167,281 127,383
SHAREHOLDERS' FUNDS 168,481 128,583
Page 1
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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 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
D A Stear
Director
13/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Offernet.Net Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11441201 . The registered office is Ground Floor Marlborough House, 298 Regents Park Road, London, N3 2SZ.
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
Computer Equipment 33% on cost
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 2,655
Additions 499
As at 30 June 2024 3,154
Depreciation
As at 1 July 2023 943
Provided during the period 996
As at 30 June 2024 1,939
Net Book Value
As at 30 June 2024 1,215
As at 1 July 2023 1,712
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 131,399 165,833
Prepayments and accrued income 88,655 -
Other debtors 1,084 1,080
VAT 52 -
Amounts owed by group undertakings 185,729 -
406,919 166,913
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 162,771 47,285
Corporation tax 12,274 8,913
Accruals and deferred income 166,540 40,005
341,585 96,203
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 11,637 12,634
11,637 12,634
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,200 Ordinary Shares of £ 1 each 1,200 1,200
9. Related Party Transactions
At the year end, included under debtors, are the following loan balances owed by related parties:
Offernet.Net Limited – South African Branch £183,003 (2023: £nil)
Offernet.Net (Pty) Limited £2,726 (2023: £nil)
These loans are unsecured, carry no interest and have no set terms of repayment.
At the year end, included under creditors, is an amount owed to D A Stear, a director, of £12,345 (2023: £12,874).
The controlling party is the director by virtue of his shareholdings.
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