Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11629067 Ms Catherine Sarah Battershill Mr Shiv Taneja Mr Brandon Charles Horwitz Mrs Fiona Margaret Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11629067 2022-12-31 11629067 2023-12-31 11629067 2023-01-01 2023-12-31 11629067 frs-core:CurrentFinancialInstruments 2023-12-31 11629067 frs-core:ComputerEquipment 2023-12-31 11629067 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11629067 frs-core:ComputerEquipment 2022-12-31 11629067 frs-core:NetGoodwill 2023-12-31 11629067 frs-core:NetGoodwill 2023-01-01 2023-12-31 11629067 frs-core:NetGoodwill 2022-12-31 11629067 frs-core:SharePremium 2023-12-31 11629067 frs-core:ShareCapital 2023-12-31 11629067 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11629067 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11629067 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11629067 frs-bus:SmallEntities 2023-01-01 2023-12-31 11629067 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11629067 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11629067 frs-bus:Director1 2023-01-01 2023-12-31 11629067 frs-bus:Director2 2023-01-01 2023-12-31 11629067 frs-bus:Director3 2023-01-01 2023-12-31 11629067 frs-bus:Director4 2023-01-01 2023-12-31 11629067 frs-core:CurrentFinancialInstruments 1 2023-12-31 11629067 frs-countries:EnglandWales 2023-01-01 2023-12-31 11629067 2021-12-31 11629067 2022-12-31 11629067 2022-01-01 2022-12-31 11629067 frs-core:CurrentFinancialInstruments 2022-12-31 11629067 frs-core:SharePremium 2022-12-31 11629067 frs-core:ShareCapital 2022-12-31 11629067 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11629067 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 11629067
UKFB & Co Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Nathan Associates
Chartered Certified Accountants
116 Headstone Lane
Harrow
HA2 6JN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11629067
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,500 6,600
Tangible Assets 5 2,431 1,511
7,931 8,111
CURRENT ASSETS
Debtors 6 54,521 64,709
Cash at bank and in hand 304,361 88,067
358,882 152,776
Creditors: Amounts Falling Due Within One Year 7 (484,122 ) (405,432 )
NET CURRENT ASSETS (LIABILITIES) (125,240 ) (252,656 )
TOTAL ASSETS LESS CURRENT LIABILITIES (117,309 ) (244,545 )
NET LIABILITIES (117,309 ) (244,545 )
CAPITAL AND RESERVES
Called up share capital 8 300 100
Share premium account 118,800 -
Profit and Loss Account (236,409 ) (244,645 )
SHAREHOLDERS' FUNDS (117,309) (244,545)
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
Mr Shiv Taneja
Director
18/03/2024
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
UKFB & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11629067 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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
These accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the shareholders of the company. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, and to provide for any further liabilities that may arise.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 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:
Computer Equipment 25% on writtendown value
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 11,000
As at 31 December 2023 11,000
Amortisation
As at 1 January 2023 4,400
Provided during the period 1,100
As at 31 December 2023 5,500
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 5,500
As at 1 January 2023 6,600
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 3,510
Additions 1,730
As at 31 December 2023 5,240
Depreciation
As at 1 January 2023 1,999
Provided during the period 810
As at 31 December 2023 2,809
Net Book Value
As at 31 December 2023 2,431
As at 1 January 2023 1,511
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 42,546 57,000
Other debtors 11,975 75
Corporation tax recoverable assets - 7,634
54,521 64,709
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 22,336 3,698
Other taxes and social security 25,299 18,410
VAT 40,686 22,557
Pension liability 1,491 1,162
Accruals and deferred income 382,183 241,458
Directors' loan accounts 12,127 118,147
484,122 405,432
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 300 100
In addition to the 100 £1 ordinary shares, a further 200 £1 ordinary shares are issued at a premium price of £595 per share.
Page 4