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 12736023 Ms Sophie Pullan Mr Christopher Sheasby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12736023 2022-12-31 12736023 2023-12-31 12736023 2023-01-01 2023-12-31 12736023 frs-core:CurrentFinancialInstruments 2023-12-31 12736023 frs-core:Non-currentFinancialInstruments 2023-12-31 12736023 frs-core:ComputerEquipment 2023-12-31 12736023 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12736023 frs-core:ComputerEquipment 2022-12-31 12736023 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12736023 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 12736023 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12736023 frs-bus:SmallEntities 2023-01-01 2023-12-31 12736023 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12736023 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12736023 frs-bus:Director1 2023-01-01 2023-12-31 12736023 frs-bus:Director2 2023-01-01 2023-12-31 12736023 frs-core:Non-currentFinancialInstruments 1 2023-12-31 12736023 frs-countries:EnglandWales 2023-01-01 2023-12-31 12736023 2021-12-31 12736023 2022-12-31 12736023 2022-01-01 2022-12-31 12736023 frs-core:CurrentFinancialInstruments 2022-12-31 12736023 frs-core:Non-currentFinancialInstruments 2022-12-31 12736023 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 12736023 frs-core:Non-currentFinancialInstruments 1 2022-12-31
Registered number: 12736023
File Foundation
Unaudited Financial Statements
For The Year Ended 31 December 2023
Clarus Knight Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12736023
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,243 37,279
40,243 37,279
CURRENT ASSETS
Debtors 5 127,204 54,809
Cash at bank and in hand 812,010 626,696
939,214 681,505
Creditors: Amounts Falling Due Within One Year 6 (489,818 ) (425,004 )
NET CURRENT ASSETS (LIABILITIES) 449,396 256,501
TOTAL ASSETS LESS CURRENT LIABILITIES 489,639 293,780
NET ASSETS 489,639 293,780
Income and Expenditure Account 489,639 293,780
MEMBERS' FUNDS 489,639 293,780
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 Income and Expenditure Account.
On behalf of the board
Mr Christopher Sheasby
Director
09/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
File Foundation is a private company, limited by guarantee, incorporated in England & Wales, registered number 12736023 . The registered office is Fora – Borough Yards 13 Dirty Lane, London, England, SE1 9PA.
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 33% Straight Line
2.4. 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 surplus.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years 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 surplus. 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 surplus 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 surplus 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 assets reflect 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 surplus or deficit, 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 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2022: 17)
33 17
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 61,190
Additions 28,422
As at 31 December 2023 89,612
Depreciation
As at 1 January 2023 23,911
Provided during the period 25,458
As at 31 December 2023 49,369
Net Book Value
As at 31 December 2023 40,243
As at 1 January 2023 37,279
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 71,359 -
Prepayments and accrued income 7,845 6,809
79,204 6,809
Due after more than one year
Security Deposit - Office 48,000 48,000
48,000 48,000
127,204 54,809
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 38,875 7,719
Corporation tax 59,168 37,414
Other taxes and social security 130,506 21,091
VAT 219,368 153,046
Other creditors 41,901 72,562
Advance from Customers - 133,172
489,818 425,004
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3