Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 31 December 2023 31 December 2023 09864667 Mr William Cotton Ms Antonia Cotton Mr Richard van der Knaap Mr Justin Stephenson Mrs Katherine Woodrow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09864667 2022-11-30 09864667 2023-12-31 09864667 2022-12-01 2023-12-31 09864667 frs-core:CurrentFinancialInstruments 2023-12-31 09864667 frs-core:Non-currentFinancialInstruments 2023-12-31 09864667 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 09864667 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-12-31 09864667 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-30 09864667 frs-core:FurnitureFittings 2023-12-31 09864667 frs-core:FurnitureFittings 2022-12-01 2023-12-31 09864667 frs-core:FurnitureFittings 2022-11-30 09864667 frs-core:SharePremium 2023-12-31 09864667 frs-core:ShareCapital 2023-12-31 09864667 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09864667 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 09864667 frs-bus:FilletedAccounts 2022-12-01 2023-12-31 09864667 frs-bus:SmallEntities 2022-12-01 2023-12-31 09864667 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-12-31 09864667 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-12-31 09864667 frs-bus:Director1 2022-12-01 2023-12-31 09864667 frs-bus:Director2 2022-12-01 2023-12-31 09864667 frs-bus:Director3 2022-12-01 2023-12-31 09864667 frs-bus:Director4 2022-12-01 2023-12-31 09864667 frs-bus:Director5 2022-12-01 2023-12-31 09864667 frs-countries:EnglandWales 2022-12-01 2023-12-31 09864667 2021-11-30 09864667 2022-11-30 09864667 2021-12-01 2022-11-30 09864667 frs-core:CurrentFinancialInstruments 2022-11-30 09864667 frs-core:Non-currentFinancialInstruments 2022-11-30 09864667 frs-core:SharePremium 2022-11-30 09864667 frs-core:ShareCapital 2022-11-30 09864667 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09864667
Trustontap Ltd
Unaudited Financial Statements
For the Period 1 December 2022 to 31 December 2023
Hub Accountants Limited
Chartered Accountants
Innovation House
Wincombe Lane
Shaftesbury
Dorset
SP7 8FG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09864667
31 December 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 47,904 58,025
Tangible Assets 5 2,255 1,177
50,159 59,202
CURRENT ASSETS
Debtors 6 35,285 87,336
Cash at bank and in hand 37,685 66,875
72,970 154,211
Creditors: Amounts Falling Due Within One Year 7 (222,703 ) (195,218 )
NET CURRENT ASSETS (LIABILITIES) (149,733 ) (41,007 )
TOTAL ASSETS LESS CURRENT LIABILITIES (99,574 ) 18,195
Creditors: Amounts Falling Due After More Than One Year 8 (41,884 ) (44,378 )
NET LIABILITIES (141,458 ) (26,183 )
CAPITAL AND RESERVES
Called up share capital 9 23,167 17,913
Share premium account 630,073 565,327
Profit and Loss Account (794,698 ) (609,423 )
SHAREHOLDERS' FUNDS (141,458) (26,183)
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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 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 William Cotton
Director
12th September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Trustontap Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09864667 . The registered office is Lovegroves Farm, Long Wittenham, Abingdon, Oxfordshire, OX14 4QQ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover represents commission receivable relating to the supply of care workers net of VAT.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are for development costs. It is amortised to profit and loss account over its estimated economic life of three years.
2.5. 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 33% Straight line
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 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 8 (2022: 7)
8 7
4. Intangible Assets
Development Costs
£
Cost
As at 1 December 2022 244,305
Additions 36,719
As at 31 December 2023 281,024
Amortisation
As at 1 December 2022 186,280
Provided during the period 46,840
As at 31 December 2023 233,120
Net Book Value
As at 31 December 2023 47,904
As at 1 December 2022 58,025
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 11,817
Additions 2,780
Disposals (9,488 )
As at 31 December 2023 5,109
Depreciation
As at 1 December 2022 10,640
Provided during the period 1,702
Disposals (9,488 )
As at 31 December 2023 2,854
Net Book Value
As at 31 December 2023 2,255
As at 1 December 2022 1,177
6. Debtors
31 December 2023 30 November 2022
£ £
Due within one year
Trade debtors 32,618 55,276
Prepayments and accrued income 2,667 2,500
Corporation tax recoverable assets - 29,560
35,285 87,336
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 November 2022
£ £
Trade creditors 13,065 17,009
Bank loans and overdrafts 5,110 6,250
Other taxes and social security 5,069 2,876
VAT 18,010 13,440
Net wages - 537
...CONTINUED
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Other creditors 30,067 -
Accruals and deferred income 29,259 9,216
Directors' loan accounts 122,123 145,890
222,703 195,218
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 30 November 2022
£ £
Bank loans 41,884 44,378
9. Share Capital
31 December 2023 30 November 2022
£ £
Allotted, Called up and fully paid 23,167 17,913
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