Acorah Software Products - Accounts Production 15.0.400 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 08658094 Mr Gareth Hammond iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08658094 2022-08-31 08658094 2023-08-31 08658094 2022-09-01 2023-08-31 08658094 frs-core:CurrentFinancialInstruments 2023-08-31 08658094 frs-core:ComputerEquipment 2022-09-01 2023-08-31 08658094 frs-core:FurnitureFittings 2023-08-31 08658094 frs-core:FurnitureFittings 2022-09-01 2023-08-31 08658094 frs-core:FurnitureFittings 2022-08-31 08658094 frs-core:NetGoodwill 2023-08-31 08658094 frs-core:NetGoodwill 2022-09-01 2023-08-31 08658094 frs-core:NetGoodwill 2022-08-31 08658094 frs-core:PlantMachinery 2023-08-31 08658094 frs-core:PlantMachinery 2022-09-01 2023-08-31 08658094 frs-core:PlantMachinery 2022-08-31 08658094 frs-core:OtherReservesSubtotal 2023-08-31 08658094 frs-core:ShareCapital 2023-08-31 08658094 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08658094 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08658094 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 08658094 frs-bus:SmallEntities 2022-09-01 2023-08-31 08658094 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08658094 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08658094 frs-bus:Director1 2022-09-01 2023-08-31 08658094 frs-countries:EnglandWales 2022-09-01 2023-08-31 08658094 2021-08-31 08658094 2022-08-31 08658094 2021-09-01 2022-08-31 08658094 frs-core:CurrentFinancialInstruments 2022-08-31 08658094 frs-core:OtherReservesSubtotal 2022-08-31 08658094 frs-core:ShareCapital 2022-08-31 08658094 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 08658094
COSTSENSE SERVICES LTD
Unaudited Financial Statements
For The Year Ended 31 August 2023
BAINTON ACCOUNTANCY SERVICE
CIMA
Bainton Accouintancy Services
Elm Tree, Manor Close
Leatherhead
Surrey
KT24 6SB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08658094
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 317,740 317,740
Tangible Assets 5 11,066 15,384
328,806 333,124
CURRENT ASSETS
Debtors 6 (18,270 ) 840
Cash at bank and in hand 3,012 246
(15,258 ) 1,086
Creditors: Amounts Falling Due Within One Year 7 (332,070 ) (330,459 )
NET CURRENT ASSETS (LIABILITIES) (347,328 ) (329,373 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,522 ) 3,751
NET (LIABILITIES)/ASSETS (18,522 ) 3,751
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 40,000 40,000
Profit and Loss Account (58,622 ) (36,349 )
SHAREHOLDERS' FUNDS (18,522) 3,751
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Gareth Hammond
Director
29/08/2024
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
COSTSENSE SERVICES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08658094 . The registered office is 3 Winchester Street, Office Suites, Whitchurch, Hampshire, RG28 7AH.
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. 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 .... years.
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:
Plant & Machinery Written off over useful life
Fixtures & Fittings Written off over useful life
Computer Equipment Written off over useful life
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: NIL)
1 -
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2022 317,740
As at 31 August 2023 317,740
Net Book Value
As at 31 August 2023 317,740
As at 1 September 2022 317,740
Page 3
Page 4
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2022 21,588 2,894 24,482
As at 31 August 2023 21,588 2,894 24,482
Depreciation
As at 1 September 2022 6,204 2,894 9,098
Provided during the period 4,318 - 4,318
As at 31 August 2023 10,522 2,894 13,416
Net Book Value
As at 31 August 2023 11,066 - 11,066
As at 1 September 2022 15,384 - 15,384
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors (18,270 ) 840
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 517 2,309
Amounts owed to group undertakings 252,899 203,196
Other creditors 76,782 124,149
Taxation and social security 1,872 805
332,070 330,459
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4