Acorah Software Products - Accounts Production 15.0.600 false true true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 12907477 Mr Peter Brenikov Mr Christopher Farr iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12907477 2022-09-30 12907477 2023-09-30 12907477 2022-10-01 2023-09-30 12907477 frs-core:Non-currentFinancialInstruments 2023-09-30 12907477 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 12907477 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-10-01 2023-09-30 12907477 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-09-30 12907477 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-01 2023-09-30 12907477 frs-core:PlantMachinery 2023-09-30 12907477 frs-core:PlantMachinery 2022-10-01 2023-09-30 12907477 frs-core:PlantMachinery 2022-09-30 12907477 frs-core:OtherReservesSubtotal 2023-09-30 12907477 frs-core:ShareCapital 2023-09-30 12907477 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 12907477 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12907477 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 12907477 frs-bus:SmallEntities 2022-10-01 2023-09-30 12907477 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12907477 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12907477 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30 12907477 frs-bus:OrdinaryShareClass1 2023-09-30 12907477 frs-bus:Director1 2022-10-01 2023-09-30 12907477 frs-bus:Director2 2022-10-01 2023-09-30 12907477 frs-countries:EnglandWales 2022-10-01 2023-09-30 12907477 2021-09-30 12907477 2022-09-30 12907477 2021-10-01 2022-09-30 12907477 frs-core:Non-currentFinancialInstruments 2022-09-30 12907477 frs-core:OtherReservesSubtotal 2022-09-30 12907477 frs-core:ShareCapital 2022-09-30 12907477 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 12907477 frs-bus:OrdinaryShareClass1 2021-10-01 2022-09-30
Registered number: 12907477
Needlebay Systems Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
TaxAssist Accountants
24-28 Brockenhurst Road
Ascot
Berkshire
SL5 9DL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12907477
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 46,522 49,500
Tangible Assets 5 12,983 -
59,505 49,500
CURRENT ASSETS
Stocks 6 5,643 -
Debtors 7 - 10
Cash at bank and in hand 259 5,500
5,902 5,510
Creditors: Amounts Falling Due Within One Year 8 (1,020 ) -
NET CURRENT ASSETS (LIABILITIES) 4,882 5,510
TOTAL ASSETS LESS CURRENT LIABILITIES 64,387 55,010
Creditors: Amounts Falling Due After More Than One Year 9 (82,391 ) -
NET (LIABILITIES)/ASSETS (18,004 ) 55,010
CAPITAL AND RESERVES
Called up share capital 10 1 1
Other reserves - 55,009
Profit and Loss Account (18,005 ) -
SHAREHOLDERS' FUNDS (18,004) 55,010
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Page 2
For the year ending 30 September 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 Peter Brenikov
Director
20/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Needlebay Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12907477 . The registered office is Suite 153 24-28 St Leonards Road, Windsor, Berkshire, SL4 3BB.
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
At the year end the company had net current liabilities. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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.
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.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are stated at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets
to their residual values over their estimated useful lives, as follows:
Trademarks and patents: 15 years
2.5. 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:
Plant & Machinery Straight line at 33%
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 October 2022 49,500
Additions 345
As at 30 September 2023 49,845
Amortisation
As at 1 October 2022 -
Provided during the period 3,323
As at 30 September 2023 3,323
Net Book Value
As at 30 September 2023 46,522
As at 1 October 2022 49,500
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2022 -
Additions 19,474
As at 30 September 2023 19,474
Depreciation
As at 1 October 2022 -
Provided during the period 6,491
As at 30 September 2023 6,491
Net Book Value
As at 30 September 2023 12,983
As at 1 October 2022 -
6. Stocks
2023 2022
£ £
Stock 5,643 -
7. Debtors
2023 2022
£ £
Due within one year
Other debtors - 10
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,020 -
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 82,391 -
10. Share Capital
2023 2022
Allotted, called up but not fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
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