Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 NI025087 Mr Nigel Beacom Mrs Isobel Beacom Mrs Isobel Beacom iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI025087 2023-06-30 NI025087 2024-06-30 NI025087 2023-07-01 2024-06-30 NI025087 frs-core:CurrentFinancialInstruments 2024-06-30 NI025087 frs-core:ComputerEquipment 2023-07-01 2024-06-30 NI025087 frs-core:FurnitureFittings 2023-07-01 2024-06-30 NI025087 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 NI025087 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-01 2024-06-30 NI025087 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-30 NI025087 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 NI025087 frs-core:MotorVehicles 2024-06-30 NI025087 frs-core:MotorVehicles 2023-07-01 2024-06-30 NI025087 frs-core:MotorVehicles 2023-06-30 NI025087 frs-core:ShareCapital 2024-06-30 NI025087 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI025087 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI025087 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 NI025087 frs-bus:SmallEntities 2023-07-01 2024-06-30 NI025087 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 NI025087 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI025087 frs-bus:Director1 2023-07-01 2024-06-30 NI025087 frs-bus:Director2 2023-07-01 2024-06-30 NI025087 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 NI025087 frs-core:CurrentFinancialInstruments 2 2024-06-30 NI025087 frs-countries:NorthernIreland 2023-07-01 2024-06-30 NI025087 2022-06-30 NI025087 2023-06-30 NI025087 2022-07-01 2023-06-30 NI025087 frs-core:CurrentFinancialInstruments 2023-06-30 NI025087 frs-core:ShareCapital 2023-06-30 NI025087 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI025087 frs-core:CurrentFinancialInstruments 2 2023-06-30
Registered number: NI025087
Elmwood House Business Centres Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI025087
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 8,414 15,414
8,414 15,414
CURRENT ASSETS
Debtors 4 (816 ) 1,318
Cash at bank and in hand 4,542 13,150
3,726 14,468
Creditors: Amounts Falling Due Within One Year 5 (10,300 ) (11,481 )
NET CURRENT ASSETS (LIABILITIES) (6,574 ) 2,987
TOTAL ASSETS LESS CURRENT LIABILITIES 1,840 18,401
NET ASSETS 1,840 18,401
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 1,740 18,301
SHAREHOLDERS' FUNDS 1,840 18,401
Page 1
Page 2
For the year ending 30 June 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 Nigel Beacom
Director
19/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The Directors have considered the position of the company with respect to its obligations to ensure the business can continue in operational existence for the foreseeable future and confirm their approval to adopt the going concern basis for preparing the accounts.
The directors are of the opinion that there is no reason to believe that the continued support of the company's bankers will not be forthcoming as the company has always operated within the agreed facilities.
1.3. Turnover
Turnover represents net invoiced rent charged and services supplied.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold Straight line over 15 years
Motor Vehicles Straight line over 3 years
Fixtures & Fittings 33% on cost and 20% on reducing balance
Computer Equipment 33% on cost
1.5. 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 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.
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 asset reflects 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.
1.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
3. Tangible Assets
Investment Properties Motor Vehicles Total
£ £ £
Cost
As at 1 July 2023 48,076 22,300 70,376
As at 30 June 2024 48,076 22,300 70,376
Depreciation
As at 1 July 2023 32,662 22,300 54,962
Provided during the period 7,000 - 7,000
Disposals - 22,300 22,300
On revaluations - (22,300 ) (22,300 )
As at 30 June 2024 39,662 22,300 61,962
Net Book Value
As at 30 June 2024 8,414 - 8,414
As at 1 July 2023 15,414 - 15,414
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 684 1,318
Prepayments and accrued income (1,500 ) -
(816 ) 1,318
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 638 662
Corporation tax 1,971 5,653
Other creditors (2) 3,000 -
Deposits from tenants 4,691 5,166
10,300 11,481
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4