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 08441319 Mr D J Evans Mr S N Leefe Miss J C Cherry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08441319 2023-03-31 08441319 2024-03-31 08441319 2023-04-01 2024-03-31 08441319 frs-core:CurrentFinancialInstruments 2024-03-31 08441319 frs-core:ComputerEquipment 2024-03-31 08441319 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08441319 frs-core:ComputerEquipment 2023-03-31 08441319 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 08441319 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 08441319 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 08441319 frs-core:FurnitureFittings 2024-03-31 08441319 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08441319 frs-core:FurnitureFittings 2023-03-31 08441319 frs-core:OtherResidualIntangibleAssets 2024-03-31 08441319 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 08441319 frs-core:OtherResidualIntangibleAssets 2023-03-31 08441319 frs-core:SharePremium 2024-03-31 08441319 frs-core:ShareCapital 2024-03-31 08441319 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08441319 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08441319 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08441319 frs-bus:SmallEntities 2023-04-01 2024-03-31 08441319 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08441319 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08441319 frs-bus:Director1 2023-04-01 2024-03-31 08441319 frs-bus:Director1 2023-03-31 08441319 frs-bus:Director1 2024-03-31 08441319 frs-bus:Director2 2023-04-01 2024-03-31 08441319 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 08441319 frs-countries:EnglandWales 2023-04-01 2024-03-31 08441319 2022-03-31 08441319 2023-03-31 08441319 2022-04-01 2023-03-31 08441319 frs-core:CurrentFinancialInstruments 2023-03-31 08441319 frs-core:SharePremium 2023-03-31 08441319 frs-core:ShareCapital 2023-03-31 08441319 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08441319
Pay Here Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08441319
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 260,364 204,560
Tangible Assets 5 26,911 27,640
287,275 232,200
CURRENT ASSETS
Debtors 6 191,122 281,426
Cash at bank and in hand 168,801 192,902
359,923 474,328
Creditors: Amounts Falling Due Within One Year 7 (275,170 ) (335,752 )
NET CURRENT ASSETS (LIABILITIES) 84,753 138,576
TOTAL ASSETS LESS CURRENT LIABILITIES 372,028 370,776
NET ASSETS 372,028 370,776
CAPITAL AND RESERVES
Called up share capital 8 152 152
Share premium account 616,437 616,437
Profit and Loss Account (244,561 ) (245,813 )
SHAREHOLDERS' FUNDS 372,028 370,776
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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 D J Evans
Director
30 August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pay Here Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08441319 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the profit and loss account on a straight line basis over their expected useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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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
Office Equipment 25% reducing balance
2.5. Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2023: 23)
30 23
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 April 2023 75,000 1,125,031 1,200,031
Additions - 192,612 192,612
As at 31 March 2024 75,000 1,317,643 1,392,643
Amortisation
As at 1 April 2023 75,000 920,471 995,471
Provided during the period - 136,808 136,808
As at 31 March 2024 75,000 1,057,279 1,132,279
Net Book Value
As at 31 March 2024 - 260,364 260,364
As at 1 April 2023 - 204,560 204,560
5. Tangible Assets
Fixtures & Fittings Office Equipment Total
£ £ £
Cost
As at 1 April 2023 1,700 53,943 55,643
Additions - 8,242 8,242
As at 31 March 2024 1,700 62,185 63,885
Depreciation
As at 1 April 2023 1,296 26,707 28,003
Provided during the period 101 8,870 8,971
As at 31 March 2024 1,397 35,577 36,974
Net Book Value
As at 31 March 2024 303 26,608 26,911
As at 1 April 2023 404 27,236 27,640
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,384 105,642
Other debtors 183,738 175,784
191,122 281,426
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,309 96,837
Bank loans and overdrafts - 31,250
Other creditors 54,247 48,255
Taxation and social security 161,614 159,410
275,170 335,752
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 152 152
9. Directors Advances, Credits and Guarantees
Included in other debtors due within one year is a loan to the director, Mr D Evans amounting to £60,767  (2023 - £54,393).
.
Interest has been charged at the H.M. Revenue and Customs official rate.
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr David Evans 54,393 6,374 - - 60,767
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