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 03817059 Mr Simon Fraser Mrs Viviana Vivanco-Toledo Mr Andrew Bacon Mrs Amanda Little iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03817059 2023-03-31 03817059 2024-03-31 03817059 2023-04-01 2024-03-31 03817059 frs-core:CurrentFinancialInstruments 2024-03-31 03817059 frs-core:Non-currentFinancialInstruments 2024-03-31 03817059 frs-core:ComputerEquipment 2024-03-31 03817059 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03817059 frs-core:ComputerEquipment 2023-03-31 03817059 frs-core:NetGoodwill 2024-03-31 03817059 frs-core:NetGoodwill 2023-04-01 2024-03-31 03817059 frs-core:NetGoodwill 2023-03-31 03817059 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03817059 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03817059 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 03817059 frs-core:ShareCapital 2024-03-31 03817059 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03817059 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03817059 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03817059 frs-bus:SmallEntities 2023-04-01 2024-03-31 03817059 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03817059 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03817059 frs-bus:Director1 2023-04-01 2024-03-31 03817059 frs-bus:Director2 2023-04-01 2024-03-31 03817059 frs-bus:Director3 2023-04-01 2024-03-31 03817059 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03817059 frs-countries:EnglandWales 2023-04-01 2024-03-31 03817059 2022-03-31 03817059 2023-03-31 03817059 2022-04-01 2023-03-31 03817059 frs-core:CurrentFinancialInstruments 2023-03-31 03817059 frs-core:Non-currentFinancialInstruments 2023-03-31 03817059 frs-core:ShareCapital 2023-03-31 03817059 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03817059
Fraser Brown Mackenna Ltd
Financial Statements
For The Year Ended 31 March 2024
Christie & Co
Certified Public Accountants
Crews Hill Golf Club
Cattlegate Road
Enfield
EN2 8AZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03817059
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 15,108 12,902
15,108 12,902
CURRENT ASSETS
Stocks 6 271,691 232,694
Debtors 7 582,128 577,170
Cash at bank and in hand 327,916 519,438
1,181,735 1,329,302
Creditors: Amounts Falling Due Within One Year 8 (377,803 ) (257,967 )
NET CURRENT ASSETS (LIABILITIES) 803,932 1,071,335
TOTAL ASSETS LESS CURRENT LIABILITIES 819,040 1,084,237
Creditors: Amounts Falling Due After More Than One Year 9 (15,002 ) (23,335 )
NET ASSETS 804,038 1,060,902
CAPITAL AND RESERVES
Called up share capital 10 100 50
Profit and Loss Account 803,938 1,060,852
SHAREHOLDERS' FUNDS 804,038 1,060,902
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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 Simon Fraser
Director
28/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Fraser Brown Mackenna Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03817059 . The registered office is 15-18 Featherstone Street, London, EC1Y 8SL.
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 rendering of architectural services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Goodwill has been fully amortised to profit and loss account over its estimated economic life.
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:
Leasehold full depreciation provided
Computer Equipment 25% reducing balance method
2.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value after making due allowance for any work in progress being written off. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
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 year 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 23)
23 23
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 150,000
As at 31 March 2024 150,000
Amortisation
As at 1 April 2023 150,000
As at 31 March 2024 150,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Leasehold Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 12,641 196,751 209,392
Additions - 7,242 7,242
As at 31 March 2024 12,641 203,993 216,634
Depreciation
As at 1 April 2023 12,641 183,849 196,490
Provided during the period - 5,036 5,036
As at 31 March 2024 12,641 188,885 201,526
Net Book Value
As at 31 March 2024 - 15,108 15,108
As at 1 April 2023 - 12,902 12,902
6. Stocks
2024 2023
£ £
Work in progress 271,691 232,694
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 393,240 321,026
Prepayments and accrued income 136,124 170,632
Other debtors 1,080 3,731
Corporation tax recoverable assets 51,684 81,781
582,128 577,170
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 138,778 109,517
Bank loans and overdrafts 16,530 13,418
Other taxes and social security 64,474 27,852
VAT 98,526 43,123
Accruals and deferred income 59,495 62,922
Directors' loan accounts - 1,135
377,803 257,967
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,002 23,335
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 50
11. 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 £5,515 (2023: £5,904) were due to the fund. They are included in Other Creditors.
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