Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10741336 Mr Reto Bolliger Mr Daniel Louis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10741336 2023-04-30 10741336 2024-04-30 10741336 2023-05-01 2024-04-30 10741336 frs-core:CurrentFinancialInstruments 2024-04-30 10741336 frs-core:Non-currentFinancialInstruments 2024-04-30 10741336 frs-core:ComputerEquipment 2024-04-30 10741336 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10741336 frs-core:ComputerEquipment 2023-04-30 10741336 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 10741336 frs-core:MotorVehicles 2024-04-30 10741336 frs-core:MotorVehicles 2023-05-01 2024-04-30 10741336 frs-core:MotorVehicles 2023-04-30 10741336 frs-core:OtherResidualIntangibleAssets 2024-04-30 10741336 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 10741336 frs-core:OtherResidualIntangibleAssets 2023-04-30 10741336 frs-core:SharePremium 2024-04-30 10741336 frs-core:ShareCapital 2024-04-30 10741336 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10741336 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10741336 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10741336 frs-bus:SmallEntities 2023-05-01 2024-04-30 10741336 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10741336 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10741336 frs-bus:Director1 2023-05-01 2024-04-30 10741336 frs-bus:Director2 2023-05-01 2024-04-30 10741336 frs-countries:EnglandWales 2023-05-01 2024-04-30 10741336 2022-04-30 10741336 2023-04-30 10741336 2022-05-01 2023-04-30 10741336 frs-core:CurrentFinancialInstruments 2023-04-30 10741336 frs-core:Non-currentFinancialInstruments 2023-04-30 10741336 frs-core:SharePremium 2023-04-30 10741336 frs-core:ShareCapital 2023-04-30 10741336 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10741336
Follow Alice Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10741336
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 3,856 4,821
Tangible Assets 4 1,615 2,435
5,471 7,256
CURRENT ASSETS
Debtors 5 27,807 18,539
Cash at bank and in hand 230,539 183,272
258,346 201,811
Creditors: Amounts Falling Due Within One Year 6 (5,120 ) (503 )
NET CURRENT ASSETS (LIABILITIES) 253,226 201,308
TOTAL ASSETS LESS CURRENT LIABILITIES 258,697 208,564
Creditors: Amounts Falling Due After More Than One Year 7 (39,993 ) (45,846 )
NET ASSETS 218,704 162,718
CAPITAL AND RESERVES
Called up share capital 8 20,294 20,294
Share premium account 211,133 211,133
Profit and Loss Account (12,723 ) (68,709 )
SHAREHOLDERS' FUNDS 218,704 162,718
Page 1
Page 2
For the year ending 30 April 2024 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 Reto Bolliger
Director
9 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets include brands, customers and contacts. It is amortised to profit and loss account over its estimated economic life of 10 years.
1.4. 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:
Motor Vehicles 25% Straight Line
Computer Equipment 20% Straight Line
1.5. 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.
1.6. 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.
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.
Page 3
Page 4
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
3. Intangible Assets
Other
£
Cost
As at 1 May 2023 9,646
As at 30 April 2024 9,646
Amortisation
As at 1 May 2023 4,825
Provided during the period 965
As at 30 April 2024 5,790
Net Book Value
As at 30 April 2024 3,856
As at 1 May 2023 4,821
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 12,159 7,200 19,359
As at 30 April 2024 12,159 7,200 19,359
Depreciation
As at 1 May 2023 12,159 4,765 16,924
Provided during the period - 820 820
As at 30 April 2024 12,159 5,585 17,744
Net Book Value
As at 30 April 2024 - 1,615 1,615
As at 1 May 2023 - 2,435 2,435
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,126 642
Net wages 8,824 40
Called up share capital not paid 17,857 17,857
27,807 18,539
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 68 -
Other taxes and social security 5,052 503
5,120 503
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,993 45,846
39,993 45,846
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 17,857 17,857
Called Up Share Capital has been paid up 2,437 2,437
Amount of Allotted, Called Up Share Capital 20,294 20,294
9. General Information
Follow Alice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10741336 . The registered office is 207 Regent Street, 3rd Floor, London, W1B 3HH.
Page 5