Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05340815 Mr J KELLY Mr I SHORT Mr P ANDREWS Mrs S TURNER-SHORT Mrs S TURNER-SHORT iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05340815 2023-03-31 05340815 2024-03-31 05340815 2023-04-01 2024-03-31 05340815 frs-core:CurrentFinancialInstruments 2024-03-31 05340815 frs-core:Non-currentFinancialInstruments 2024-03-31 05340815 frs-core:ComputerEquipment 2024-03-31 05340815 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05340815 frs-core:ComputerEquipment 2023-03-31 05340815 frs-core:FurnitureFittings 2024-03-31 05340815 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05340815 frs-core:FurnitureFittings 2023-03-31 05340815 frs-core:ShareCapital 2024-03-31 05340815 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05340815 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05340815 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05340815 frs-bus:SmallEntities 2023-04-01 2024-03-31 05340815 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05340815 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05340815 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 05340815 frs-bus:OrdinaryShareClass2 2024-03-31 05340815 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 05340815 frs-bus:OrdinaryShareClass3 2024-03-31 05340815 frs-core:UnlistedNon-exchangeTraded 2024-03-31 05340815 frs-core:UnlistedNon-exchangeTraded 2023-03-31 05340815 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 05340815 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 05340815 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 05340815 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 05340815 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 05340815 frs-bus:Director1 2023-04-01 2024-03-31 05340815 frs-bus:Director2 2023-04-01 2024-03-31 05340815 frs-bus:Director3 2023-04-01 2024-03-31 05340815 frs-bus:Director4 2023-04-01 2024-03-31 05340815 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05340815 frs-countries:EnglandWales 2023-04-01 2024-03-31 05340815 2022-03-31 05340815 2023-03-31 05340815 2022-04-01 2023-03-31 05340815 frs-core:CurrentFinancialInstruments 2023-03-31 05340815 frs-core:Non-currentFinancialInstruments 2023-03-31 05340815 frs-core:ShareCapital 2023-03-31 05340815 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05340815 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 05340815 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31
Registered number: 05340815
Prizeshark Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05340815
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,993 3,299
Investments 5 1,959,840 -
1,963,833 3,299
CURRENT ASSETS
Stocks - 43,800
Debtors 6 848,483 1,090,829
Cash at bank and in hand 950,479 253,295
1,798,962 1,387,924
Creditors: Amounts Falling Due Within One Year 7 (1,766,124 ) (971,062 )
NET CURRENT ASSETS (LIABILITIES) 32,838 416,862
TOTAL ASSETS LESS CURRENT LIABILITIES 1,996,671 420,161
Creditors: Amounts Falling Due After More Than One Year 8 (1,467,500 ) -
NET ASSETS 529,171 420,161
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 528,171 419,161
SHAREHOLDERS' FUNDS 529,171 420,161
Page 1
Page 2
For the year 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
Prizeshark Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05340815 . The registered office is Hexagon Business Centre, 4 Witan Way, Witney, Oxfordshire, OX28 6FF.
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 merchandise and services provided in the normal course of business.
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 20%
Computer Equipment 33%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 15)
16 15
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,484 3,046 4,530
Additions - 2,610 2,610
As at 31 March 2024 1,484 5,656 7,140
Depreciation
As at 1 April 2023 289 942 1,231
Provided during the period 495 1,421 1,916
As at 31 March 2024 784 2,363 3,147
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 700 3,293 3,993
As at 1 April 2023 1,195 2,104 3,299
5. Investments
Unlisted
£
Cost
As at 1 April 2023 -
Additions 1,959,840
As at 31 March 2024 1,959,840
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1,959,840
As at 1 April 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 743,152 1,029,714
Prepayments and accrued income 16,711 -
Other debtors - 2,820
Amounts owed by subsidiaries 88,620 -
Amounts owed by associates - 58,295
848,483 1,090,829
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 414,584 452,556
Other loans repayable within one year 407,500 -
Corporation tax 391 8,468
Other taxes and social security 18,113 16,618
VAT 91,323 117,938
...CONTINUED
Page 4
Page 5
Other creditors 2,480 2,087
Accruals and deferred income 774,594 373,395
Amounts owed to group undertakings 57,139 -
1,766,124 971,062
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans repayable in 2 to 5 years 1,157,500 -
Directors loan account 310,000 -
1,467,500 -
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
420 Ordinary A shares of £ 1.4286 each 600 600
280 Ordinary B shares of £ 1.4286 each 400 400
1,000 1,000
Allotted but not called and unpaid
150 C Ordinary shares of £1 each and 150 D Ordinary shares of £1 each have also been issued at a premium of £82.10 per share but these have not been called and are unpaid.
Page 5