Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 March 2024 31 March 2024 09971883 Mr J KELLY Mr I SHORT Mr P ANDREWS Mrs S TURNER-SHORT iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09971883 2023-01-31 09971883 2024-03-31 09971883 2023-02-01 2024-03-31 09971883 frs-core:CurrentFinancialInstruments 2024-03-31 09971883 frs-core:ComputerEquipment 2024-03-31 09971883 frs-core:ComputerEquipment 2023-02-01 2024-03-31 09971883 frs-core:ComputerEquipment 2023-01-31 09971883 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 09971883 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-02-01 2024-03-31 09971883 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-31 09971883 frs-core:NetGoodwill 2024-03-31 09971883 frs-core:NetGoodwill 2023-02-01 2024-03-31 09971883 frs-core:NetGoodwill 2023-01-31 09971883 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-01 2024-03-31 09971883 frs-core:ShareCapital 2024-03-31 09971883 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09971883 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 09971883 frs-bus:FilletedAccounts 2023-02-01 2024-03-31 09971883 frs-bus:SmallEntities 2023-02-01 2024-03-31 09971883 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-03-31 09971883 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-03-31 09971883 frs-bus:OrdinaryShareClass2 2023-02-01 2024-03-31 09971883 frs-bus:OrdinaryShareClass2 2024-03-31 09971883 frs-bus:OrdinaryShareClass3 2023-02-01 2024-03-31 09971883 frs-bus:OrdinaryShareClass3 2024-03-31 09971883 frs-bus:OrdinaryShareClass4 2023-02-01 2024-03-31 09971883 frs-bus:OrdinaryShareClass4 2024-03-31 09971883 frs-bus:OrdinaryShareClass5 2023-02-01 2024-03-31 09971883 frs-bus:OrdinaryShareClass5 2024-03-31 09971883 frs-bus:Director1 2023-02-01 2024-03-31 09971883 frs-bus:Director2 2023-02-01 2024-03-31 09971883 frs-bus:Director3 2023-02-01 2024-03-31 09971883 frs-bus:Director4 2023-02-01 2024-03-31 09971883 frs-countries:EnglandWales 2023-02-01 2024-03-31 09971883 2022-01-31 09971883 2023-01-31 09971883 2022-02-01 2023-01-31 09971883 frs-core:CurrentFinancialInstruments 2023-01-31 09971883 frs-core:Non-currentFinancialInstruments 2023-01-31 09971883 frs-core:ShareCapital 2023-01-31 09971883 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09971883 frs-bus:OrdinaryShareClass2 2022-02-01 2023-01-31 09971883 frs-bus:OrdinaryShareClass3 2022-02-01 2023-01-31 09971883 frs-bus:OrdinaryShareClass4 2022-02-01 2023-01-31 09971883 frs-bus:OrdinaryShareClass5 2022-02-01 2023-01-31
Registered number: 09971883
LOYALTY WORKS LIMITED
Financial Statements
For the Period 1 February 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09971883
31 March 2024 31 January 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,000 -
Tangible Assets 5 4,575 7,215
49,575 7,215
CURRENT ASSETS
Debtors 6 258,800 543,532
Cash at bank and in hand 254,382 532,836
513,182 1,076,368
Creditors: Amounts Falling Due Within One Year 7 (391,768 ) (739,745 )
NET CURRENT ASSETS (LIABILITIES) 121,414 336,623
TOTAL ASSETS LESS CURRENT LIABILITIES 170,989 343,838
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (10,096 ) -
NET ASSETS 160,893 343,838
CAPITAL AND RESERVES
Called up share capital 9 23,765 23,765
Profit and Loss Account 137,128 320,073
SHAREHOLDERS' FUNDS 160,893 343,838
Page 1
Page 2
For the period ending 31 March 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
Mr J KELLY
Director
05/08/2024
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
LOYALTY WORKS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09971883 . The registered office is 2 Airport West, Lancaster Way, Leeds, Yorkshire, LS19 7ZA.
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 for goods supplied and services rendered net of discounts and value added taxe. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 4 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:
Computer Equipment 3 years straight line
2.6. Taxation
Corporation 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 by the end of the reporting period.
Deferred tax is the amount of tax deferred at the end of the period rate of tax bt claiming capital allowances on fixed assets for taxation purposes in advance of the amounts claimed as depreciation or amortisation on those assets in the accounts. Deferred tax liabilities are generally recognised for all taxable timing differences.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 15 (2023: 14)
15 14
Page 3
Page 4
4. Intangible Assets
Goodwill Intellectual Property Total
£ £ £
Cost
As at 1 February 2023 150,000 - 150,000
Additions - 50,000 50,000
As at 31 March 2024 150,000 50,000 200,000
Amortisation
As at 1 February 2023 150,000 - 150,000
Provided during the period - 5,000 5,000
As at 31 March 2024 150,000 5,000 155,000
Net Book Value
As at 31 March 2024 - 45,000 45,000
As at 1 February 2023 - - -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 212,711
Additions 3,060
As at 31 March 2024 215,771
Depreciation
As at 1 February 2023 205,496
Provided during the period 5,700
As at 31 March 2024 211,196
Net Book Value
As at 31 March 2024 4,575
As at 1 February 2023 7,215
Page 4
Page 5
6. Debtors
31 March 2024 31 January 2023
as restated
£ £
Due within one year
Trade debtors 172,913 455,055
Other debtors 28,748 56,193
Amounts owed by holding company 57,139 -
258,800 511,248
Due after more than one year
Deferred tax current asset - 32,284
258,800 543,532
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 January 2023
as restated
£ £
Trade creditors 75,385 110,355
Other creditors 229,142 536,856
Taxation and social security 87,241 92,534
391,768 739,745
8. Deferred Taxation
The provision for deferred tax is made up as follows:
31 March 2024 31 January 2023
as restated
£ £
Other timing differences 10,096 -
9. Share Capital
31 March 2024 31 January 2023
as restated
Allotted, called up but not fully paid £ £
8,936 Ordinary A shares of £ 1 each 8,936 8,936
7,698 Ordinary B shares of £ 1 each 7,698 7,698
...CONTINUED
Page 5
Page 6
1,189 Ordinary C shares of £ 1 each 1,189 1,189
1,189 Ordinary D shares of £ 1 each 1,189 1,189
4,753 Ordinary E shares of £ 1 each 4,753 4,753
23,765 23,765
Page 6