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Registered number: 10508677
Fiona Dolton Consulting Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2023
de Jong Phillips Ltd
Chartered Accountants
First Floor
85 Great Portland Street
London
W1W 7LT
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10508677
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 819 815
819 815
CURRENT ASSETS
Debtors 5 16,857 15,124
Cash at bank and in hand 75,951 94,655
92,808 109,779
Creditors: Amounts Falling Due Within One Year 6 (21,084 ) (42,490 )
NET CURRENT ASSETS (LIABILITIES) 71,724 67,289
TOTAL ASSETS LESS CURRENT LIABILITIES 72,543 68,104
PROVISIONS FOR LIABILITIES
Deferred Taxation (156 ) (155 )
NET ASSETS 72,387 67,949
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 72,287 67,849
SHAREHOLDERS' FUNDS 72,387 67,949
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Fiona Dolton
Director
12th April 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
Fiona Dolton Consulting Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10508677 . The registered office is 1 Kennedy Gardens, Sevenoaks, KENT, TN13 3UG.
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.
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. 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 20% Straight Line
Computer Equipment 20% Straight Line
2.4. Financial Instruments
The company accounts for its financial transactions in accordance with Section 11 and Section 12 of FRS 102.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
Short term debtors and 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.
2.5. 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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 476 754 1,230
Additions - 208 208
As at 31 December 2023 476 962 1,438
Depreciation
As at 1 January 2023 352 63 415
Provided during the period 29 175 204
As at 31 December 2023 381 238 619
Net Book Value
As at 31 December 2023 95 724 819
As at 1 January 2023 124 691 815
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 16,573 15,124
Prepayments and accrued income 284 -
16,857 15,124
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 161 1
Other taxes and social security 9,333 27,319
VAT 10,962 8,167
Accruals and deferred income 253 1,500
Director's loan account 375 5,503
21,084 42,490
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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8. Ultimate Controlling Party
The company's ultimate controlling party is Fiona Dolton by virtue of her ownership of 100% of the issued share capital in the company.
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