Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09372150 Ms Janetta Otter-Barry Ms Deborah Jackson Ms Gail Lynch Mr Timothy Sanderson Mr David Ross iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09372150 2022-12-31 09372150 2023-12-31 09372150 2023-01-01 2023-12-31 09372150 frs-core:CurrentFinancialInstruments 2023-12-31 09372150 frs-core:Non-currentFinancialInstruments 2023-12-31 09372150 frs-core:ComputerEquipment 2023-12-31 09372150 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09372150 frs-core:ComputerEquipment 2022-12-31 09372150 frs-core:SharePremium 2023-12-31 09372150 frs-core:ShareCapital 2023-12-31 09372150 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09372150 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09372150 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09372150 frs-bus:SmallEntities 2023-01-01 2023-12-31 09372150 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09372150 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09372150 frs-bus:Director1 2023-01-01 2023-12-31 09372150 frs-bus:Director2 2023-01-01 2023-12-31 09372150 frs-bus:Director3 2023-01-01 2023-12-31 09372150 frs-bus:Director4 2023-01-01 2023-12-31 09372150 frs-bus:Director5 2023-01-01 2023-12-31 09372150 frs-countries:EnglandWales 2023-01-01 2023-12-31 09372150 2021-12-31 09372150 2022-12-31 09372150 2022-01-01 2022-12-31 09372150 frs-core:CurrentFinancialInstruments 2022-12-31 09372150 frs-core:Non-currentFinancialInstruments 2022-12-31 09372150 frs-core:SharePremium 2022-12-31 09372150 frs-core:ShareCapital 2022-12-31 09372150 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09372150
Otter-Barry Books Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
MoneyIQ Ltd
15 Wendela Close
Woking
Surrey
GU22 7JU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09372150
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1,668
1 1,668
CURRENT ASSETS
Stocks 5 167,765 142,987
Debtors 6 277,797 278,029
Cash at bank and in hand 23,236 53,305
468,798 474,321
Creditors: Amounts Falling Due Within One Year 7 (212,546 ) (137,177 )
NET CURRENT ASSETS (LIABILITIES) 256,252 337,144
TOTAL ASSETS LESS CURRENT LIABILITIES 256,253 338,812
Creditors: Amounts Falling Due After More Than One Year 8 (95,754 ) (105,754 )
NET ASSETS 160,499 233,058
CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Share premium account 229,940 229,940
Profit and Loss Account (89,441 ) (16,882 )
SHAREHOLDERS' FUNDS 160,499 233,058
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 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
Ms Janetta Otter-Barry
Director
22/08/2024
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
Otter-Barry Books Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09372150 . The registered office is Little Orchard, Burley Gate, Hereford, HR1 3QS.
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:
Computer Equipment 25%
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 balance sheet 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: 6 (2022: 3)
6 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 6,000
As at 31 December 2023 6,000
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2023 4,332
Provided during the period 1,667
As at 31 December 2023 5,999
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 1,668
5. Stocks
2023 2022
£ £
Stock 141,540 124,894
Work in progress 26,225 18,093
167,765 142,987
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 144,431 119,320
Other debtors 133,366 158,709
277,797 278,029
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 78,085 65,160
Bounce Back Loan 10,000 10,000
Other creditors 124,461 59,542
Taxation and social security - 2,475
212,546 137,177
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bounce Back Loan 14,167 24,167
Other creditors 81,587 81,587
95,754 105,754
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 20,000 20,000
Page 4