Acorah Software Products - Accounts Production 15.0.600 false true false 9 December 2022 31 December 2023 31 December 2023 14532038 L Morton Luke Morton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14532038 2022-12-08 14532038 2023-12-31 14532038 2022-12-09 2023-12-31 14532038 frs-core:ComputerEquipment 2023-12-31 14532038 frs-core:ComputerEquipment 2022-12-09 2023-12-31 14532038 frs-core:ComputerEquipment 2022-12-08 14532038 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 14532038 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-09 2023-12-31 14532038 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-08 14532038 frs-core:ShareCapital 2023-12-31 14532038 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14532038 frs-bus:PrivateLimitedCompanyLtd 2022-12-09 2023-12-31 14532038 frs-bus:FilletedAccounts 2022-12-09 2023-12-31 14532038 frs-bus:SmallEntities 2022-12-09 2023-12-31 14532038 frs-bus:AuditExempt-NoAccountantsReport 2022-12-09 2023-12-31 14532038 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-09 2023-12-31 14532038 1 2022-12-09 2023-12-31 14532038 frs-bus:Director1 2022-12-09 2023-12-31 14532038 frs-countries:EnglandWales 2022-12-09 2023-12-31
Registered number: 14532038
OpenDigital Limited
Unaudited Financial Statements
For the Period 9 December 2022 to 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14532038
31 December 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 18,749
Tangible Assets 5 1,932
20,681
CURRENT ASSETS
Cash at bank and in hand 5,986
5,986
Creditors: Amounts Falling Due Within One Year 6 (26,809 )
NET CURRENT ASSETS (LIABILITIES) (20,823 )
TOTAL ASSETS LESS CURRENT LIABILITIES (142 )
NET LIABILITIES (142 )
CAPITAL AND RESERVES
Called up share capital 1
Profit and Loss Account (143 )
SHAREHOLDERS' FUNDS (142)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
L Morton
Director
4th September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
OpenDigital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14532038 . The registered office is 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Development costs. They are amortised to profit and loss account over their estimated economic life of 10 years.
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:
Computer Equipment 25% Reducing Balance
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.
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 period was: 1
1
4. Intangible Assets
Development Costs
£
Cost
As at 9 December 2022 -
Additions 18,749
As at 31 December 2023 18,749
Net Book Value
As at 31 December 2023 18,749
As at 9 December 2022 -
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Page 3
5. Tangible Assets
Computer Equipment
£
Cost
As at 9 December 2022 -
Additions 2,649
As at 31 December 2023 2,649
Depreciation
As at 9 December 2022 -
Provided during the period 717
As at 31 December 2023 717
Net Book Value
As at 31 December 2023 1,932
As at 9 December 2022 -
6. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Other creditors 26,809
7. Related Party Transactions
As at the 31 December 2023 the company owed the director £26,269.
8. Ultimate Controlling Party
The company's ultimate controlling party is Luke Morton by virtue of his ownership of 100% of the issued share capital in the company.
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