Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false2Human resources0false 14527229 2022-12-31 14527229 2023-01-01 2023-12-31 14527229 2022-01-01 2022-12-31 14527229 2023-12-31 14527229 c:Director2 2023-01-01 2023-12-31 14527229 d:Goodwill 2023-01-01 2023-12-31 14527229 d:Goodwill 2023-12-31 14527229 d:CurrentFinancialInstruments 2023-12-31 14527229 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14527229 d:ShareCapital 2023-12-31 14527229 d:RetainedEarningsAccumulatedLosses 2023-12-31 14527229 c:FRS102 2023-01-01 2023-12-31 14527229 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14527229 c:FullAccounts 2023-01-01 2023-12-31 14527229 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14527229 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 14527229 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 14527229 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14527229









ACORN DIRECT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ACORN DIRECT LIMITED
REGISTERED NUMBER: 14527229

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
18,000

  
18,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,518

Cash at bank and in hand
 6 
28,299

  
29,817

Creditors: amounts falling due within one year
 7 
(47,439)

Net current (liabilities)/assets
  
 
 
(17,622)

Total assets less current liabilities
  
378

  

Net assets
  
378


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
278

  
378


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Lyons
Page 1

 
ACORN DIRECT LIMITED
REGISTERED NUMBER: 14527229
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

Director

Date: 27 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ACORN DIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Acorn Direct Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

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.
Therefore, the directors have adopted the going concern basis of accounting in preparing the
financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ACORN DIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ACORN DIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
            No.






Directors
2

Page 5

 
ACORN DIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets



Goodwill

£



Cost


Additions
20,000



At 31 December 2023

20,000



Amortisation


Charge for the year on owned assets
2,000



At 31 December 2023

2,000



Net book value



At 31 December 2023
18,000




5.


Debtors

2023
£


Trade debtors
1,298

Other debtors
220

1,518



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
28,299

28,299


Page 6

 
ACORN DIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
45,259

Corporation tax
230

Accruals and deferred income
1,950

47,439



8.


Related party transactions

In other creditors there is a balance of £45,259 due to a company which form part of the same group.

 
Page 7