Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 September 2021 false 1 January 2023 31 December 2023 31 December 2023 11509447 Mr Barnaby Perks Dr Michael Murphy Mrs Sheila Kissane-Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11509447 2022-12-31 11509447 2023-12-31 11509447 2023-01-01 2023-12-31 11509447 frs-core:CurrentFinancialInstruments 2023-12-31 11509447 frs-core:BetweenOneFiveYears 2023-12-31 11509447 frs-core:ComputerEquipment 2023-12-31 11509447 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11509447 frs-core:ComputerEquipment 2022-12-31 11509447 frs-core:FurnitureFittings 2023-12-31 11509447 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11509447 frs-core:FurnitureFittings 2022-12-31 11509447 frs-core:WithinOneYear 2023-12-31 11509447 frs-core:SharePremium 2023-12-31 11509447 frs-core:ShareCapital 2023-12-31 11509447 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11509447 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11509447 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11509447 frs-bus:SmallEntities 2023-01-01 2023-12-31 11509447 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11509447 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11509447 frs-bus:Director1 2023-01-01 2023-12-31 11509447 frs-bus:Director2 2023-01-01 2023-12-31 11509447 frs-bus:Director3 2023-01-01 2023-12-31 11509447 frs-countries:EnglandWales 2023-01-01 2023-12-31 11509447 2021-08-31 11509447 2022-12-31 11509447 2021-09-01 2022-12-31 11509447 frs-core:CurrentFinancialInstruments 2022-12-31 11509447 frs-core:BetweenOneFiveYears 2022-12-31 11509447 frs-core:WithinOneYear 2022-12-31 11509447 frs-core:SharePremium 2022-12-31 11509447 frs-core:ShareCapital 2022-12-31 11509447 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11509447
Boutros Bear Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11509447
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,421 884
1,421 884
CURRENT ASSETS
Debtors 5 37,936 18,163
Cash at bank and in hand 360,304 842,637
398,240 860,800
Creditors: Amounts Falling Due Within One Year 6 (245,893 ) (32,257 )
NET CURRENT ASSETS (LIABILITIES) 152,347 828,543
TOTAL ASSETS LESS CURRENT LIABILITIES 153,768 829,427
NET ASSETS 153,768 829,427
CAPITAL AND RESERVES
Called up share capital 7 212 212
Share premium account 1,496,144 1,496,144
Profit and Loss Account (1,342,588 ) (666,929 )
SHAREHOLDERS' FUNDS 153,768 829,427
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For the year ending 31 December 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
Mrs Sheila Kissane-Marshall
Director
21/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Boutros Bear Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11509447 . The registered office is 36 Queens Road, Newbury, Berkshire, RG14 7NE.
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
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future having made due regard to future cash flows and funding requirements to continue its operations. For this reason, the going concern basis is used 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.
2.4. 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 25% Reducing Balance
Computer Equipment 33% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
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2.7. Taxation
Income 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 or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 4)
5 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 - 1,675 1,675
Additions 1,348 - 1,348
As at 31 December 2023 1,348 1,675 3,023
Depreciation
As at 1 January 2023 - 791 791
Provided during the period 253 558 811
As at 31 December 2023 253 1,349 1,602
...CONTINUED
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Net Book Value
As at 31 December 2023 1,095 326 1,421
As at 1 January 2023 - 884 884
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Prepayments and accrued income 18,283 7,066
Other debtors 9,360 100
VAT 10,293 10,997
37,936 18,163
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 9,459 16,056
Bank loans and overdrafts - 11,647
Other taxes and social security 4,264 -
Other creditors 222,183 2,464
Accruals and deferred income 8,955 1,370
Directors' loan accounts 1,032 720
245,893 32,257
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 212 212
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023 31 December 2022
£ £
Not later than one year 30,435 -
Later than one year and not later than five years 38,985 -
69,420 -
9. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £625 (2022: £257) were due to the fund. They are included in Other Creditors.
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