Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 6 June 2022 false 1 July 2023 30 June 2024 30 June 2024 14150721 Ms Annie Pettemerides Mr Praveen Thakur iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14150721 2023-06-30 14150721 2024-06-30 14150721 2023-07-01 2024-06-30 14150721 frs-core:CurrentFinancialInstruments 2024-06-30 14150721 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 14150721 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 14150721 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 14150721 frs-core:SharePremium 2024-06-30 14150721 frs-core:ShareCapital 2024-06-30 14150721 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14150721 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14150721 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14150721 frs-bus:SmallEntities 2023-07-01 2024-06-30 14150721 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14150721 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14150721 frs-bus:Director1 2023-07-01 2024-06-30 14150721 frs-bus:Director2 2023-07-01 2024-06-30 14150721 frs-countries:EnglandWales 2023-07-01 2024-06-30 14150721 2022-06-05 14150721 2023-06-30 14150721 2022-06-06 2023-06-30 14150721 frs-core:CurrentFinancialInstruments 2023-06-30 14150721 frs-core:SharePremium 2023-06-30 14150721 frs-core:ShareCapital 2023-06-30 14150721 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14150721
Onewayx Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14150721
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,862 9,323
12,862 9,323
CURRENT ASSETS
Debtors 5 350 -
Cash at bank and in hand 17,222 9,188
17,572 9,188
Creditors: Amounts Falling Due Within One Year 6 (4,784 ) (4,926 )
NET CURRENT ASSETS (LIABILITIES) 12,788 4,262
TOTAL ASSETS LESS CURRENT LIABILITIES 25,650 13,585
NET ASSETS 25,650 13,585
CAPITAL AND RESERVES
Called up share capital 7 214 23
Share premium account 142,786 37,976
Profit and Loss Account (117,350 ) (24,414 )
SHAREHOLDERS' FUNDS 25,650 13,585
Page 1
Page 2
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
Ms Annie Pettemerides
Director
29 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Onewayx Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14150721 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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 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.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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: 1 (2023: NIL)
1 -
4. Intangible Assets
Development Costs
£
Cost
As at 1 July 2023 9,323
Additions 4,968
As at 30 June 2024 14,291
Amortisation
As at 1 July 2023 -
Provided during the period 1,429
As at 30 June 2024 1,429
...CONTINUED
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Page 4
Net Book Value
As at 30 June 2024 12,862
As at 1 July 2023 9,323
5. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 350 -
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 528 -
Other creditors 3,685 4,926
Taxation and social security 571 -
4,784 4,926
7. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 214 23
Page 4