Acorah Software Products - Accounts Production 15.0.600 false true false 5 December 2022 31 December 2023 31 December 2023 14522729 Mr Nigel ADDISON Mr Mohamed VORA Mr Peter HALL Mr Vinod PATEL iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14522729 2022-12-04 14522729 2023-12-31 14522729 2022-12-05 2023-12-31 14522729 frs-core:CurrentFinancialInstruments 2023-12-31 14522729 frs-core:Non-currentFinancialInstruments 2023-12-31 14522729 frs-core:PlantMachinery 2023-12-31 14522729 frs-core:PlantMachinery 2022-12-05 2023-12-31 14522729 frs-core:PlantMachinery 2022-12-04 14522729 frs-core:SharePremium 2023-12-31 14522729 frs-core:ShareCapital 2023-12-31 14522729 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14522729 frs-bus:PrivateLimitedCompanyLtd 2022-12-05 2023-12-31 14522729 frs-bus:FilletedAccounts 2022-12-05 2023-12-31 14522729 frs-bus:SmallEntities 2022-12-05 2023-12-31 14522729 frs-bus:AuditExempt-NoAccountantsReport 2022-12-05 2023-12-31 14522729 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-05 2023-12-31 14522729 frs-bus:OrdinaryShareClass2 2022-12-05 2023-12-31 14522729 frs-bus:OrdinaryShareClass2 2023-12-31 14522729 frs-bus:OrdinaryShareClass3 2022-12-05 2023-12-31 14522729 frs-bus:OrdinaryShareClass3 2023-12-31 14522729 frs-bus:Director1 2022-12-05 2023-12-31 14522729 frs-bus:Director2 2022-12-05 2023-12-31 14522729 frs-bus:Director3 2022-12-05 2023-12-31 14522729 frs-bus:Director4 2022-12-05 2023-12-31 14522729 frs-countries:EnglandWales 2022-12-05 2023-12-31
Registered number: 14522729
8six400 Every Second Counts Ltd
Financial Statements
For the Period 5 December 2022 to 31 December 2023
Certax Accounting (Fitzrovia) Limited
85 Tottenham Court Road
London
W1T 4TQ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 14522729
31 December 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,117
3,117
CURRENT ASSETS
Stocks 5 45,755
Debtors 6 1,149,766
Cash at bank and in hand 364,681
1,560,202
Creditors: Amounts Falling Due Within One Year 7 (860,077 )
NET CURRENT ASSETS (LIABILITIES) 700,125
TOTAL ASSETS LESS CURRENT LIABILITIES 703,242
NET ASSETS 703,242
CAPITAL AND RESERVES
Called up share capital 8 68,836
Share premium account 751,166
Income Statement (116,760 )
SHAREHOLDERS' FUNDS 703,242
Page 1
Page 2
For the period 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 Income Statement.
On behalf of the board
Mr Mohamed VORA
Director
20/08/2024
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
8six400 Every Second Counts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14522729 . The registered office is 1 Doughty Street, London, WC1N 2PH.
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. 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 20% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 period was: 4
4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 5 December 2022 3,117
As at 31 December 2023 3,117
Net Book Value
As at 31 December 2023 3,117
As at 5 December 2022 3,117
Page 3
Page 4
Cost or valuation as at 31 December 2023 represented by:
Plant & Machinery
£
At valuation 3,117
3,117
5. Stocks
31 December 2023
£
Finished goods 45,755
6. Debtors
31 December 2023
£
Due within one year
Trade debtors 753,609
Prepayments and accrued income 130,882
884,491
Due after more than one year
Deposit for brand rights commitments 265,275
1,149,766
7. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Trade creditors 850,743
Other taxes and social security 920
Payments on account 8,414
860,077
8. Share Capital
31 December 2023
Allotted, called up and fully paid £
344,180 Ordinary A shares of £ 0.10 each 34,418
344,180 Ordinary B shares of £ 0.10 each 34,418
68,836
Page 4