Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10727719 Mr Alexander Marquez iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10727719 2022-12-31 10727719 2023-12-31 10727719 2023-01-01 2023-12-31 10727719 frs-core:CurrentFinancialInstruments 2023-12-31 10727719 frs-core:Non-currentFinancialInstruments 2023-12-31 10727719 frs-core:ComputerEquipment 2023-12-31 10727719 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10727719 frs-core:ComputerEquipment 2022-12-31 10727719 frs-core:ShareCapital 2023-12-31 10727719 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10727719 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10727719 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10727719 frs-bus:SmallEntities 2023-01-01 2023-12-31 10727719 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10727719 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10727719 frs-bus:Director1 2023-01-01 2023-12-31 10727719 frs-countries:EnglandWales 2023-01-01 2023-12-31 10727719 2021-12-31 10727719 2022-12-31 10727719 2022-01-01 2022-12-31 10727719 frs-core:CurrentFinancialInstruments 2022-12-31 10727719 frs-core:Non-currentFinancialInstruments 2022-12-31 10727719 frs-core:ShareCapital 2022-12-31 10727719 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10727719
Propellerfish Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Headstart Financials Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 10727719
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,109 3,041
15,109 3,041
CURRENT ASSETS
Debtors 5 672,065 301,479
Cash at bank and in hand 91,837 236,321
763,902 537,800
Creditors: Amounts Falling Due Within One Year 6 (195,304 ) (176,919 )
NET CURRENT ASSETS (LIABILITIES) 568,598 360,881
TOTAL ASSETS LESS CURRENT LIABILITIES 583,707 363,922
Creditors: Amounts Falling Due After More Than One Year 7 (149,510 ) (38,160 )
NET ASSETS 434,197 325,762
CAPITAL AND RESERVES
Called up share capital 8 200 200
Income Statement 433,997 325,562
SHAREHOLDERS' FUNDS 434,197 325,762
Page 1
Page 2
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 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 Income Statement.
On behalf of the board
Mr Alexander Marquez
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. General Information
Propellerfish Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10727719 . The registered office is 5a Cowcross Street, London, EC1M 6DW.
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 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:
Computer Equipment 25% Reducing Balance
2.4. 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 year was: 5 (2022: 4)
5 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 4,164
Additions 13,681
As at 31 December 2023 17,845
Depreciation
As at 1 January 2023 1,123
Provided during the period 1,613
As at 31 December 2023 2,736
Net Book Value
As at 31 December 2023 15,109
As at 1 January 2023 3,041
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 590,781 187,476
Other debtors 51,797 35,467
642,578 222,943
Due after more than one year
Amounts owed by group undertakings 29,487 78,536
672,065 301,479
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 44,524 66,002
Other creditors 49,279 20,796
Taxation and social security 101,501 90,121
195,304 176,919
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to group undertakings 149,510 38,160
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
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