Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11508414 Mr Peter Treece iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11508414 2023-08-31 11508414 2024-08-31 11508414 2023-09-01 2024-08-31 11508414 frs-core:CurrentFinancialInstruments 2024-08-31 11508414 frs-core:Non-currentFinancialInstruments 2024-08-31 11508414 frs-core:ComputerEquipment 2024-08-31 11508414 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11508414 frs-core:ComputerEquipment 2023-08-31 11508414 frs-core:FurnitureFittings 2024-08-31 11508414 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11508414 frs-core:FurnitureFittings 2023-08-31 11508414 frs-core:MotorVehicles 2024-08-31 11508414 frs-core:MotorVehicles 2023-09-01 2024-08-31 11508414 frs-core:MotorVehicles 2023-08-31 11508414 frs-core:PlantMachinery 2024-08-31 11508414 frs-core:PlantMachinery 2023-09-01 2024-08-31 11508414 frs-core:PlantMachinery 2023-08-31 11508414 frs-core:ShareCapital 2024-08-31 11508414 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11508414 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11508414 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11508414 frs-bus:SmallEntities 2023-09-01 2024-08-31 11508414 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11508414 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11508414 frs-bus:Director1 2023-09-01 2024-08-31 11508414 frs-countries:EnglandWales 2023-09-01 2024-08-31 11508414 2022-08-31 11508414 2023-08-31 11508414 2022-09-01 2023-08-31 11508414 frs-core:CurrentFinancialInstruments 2023-08-31 11508414 frs-core:Non-currentFinancialInstruments 2023-08-31 11508414 frs-core:ShareCapital 2023-08-31 11508414 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11508414
Effectively Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11508414
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,788 55,190
49,788 55,190
CURRENT ASSETS
Debtors 5 2,755 910
Cash at bank and in hand 66,821 20,067
69,576 20,977
Creditors: Amounts Falling Due Within One Year 6 (40,602 ) (14,607 )
NET CURRENT ASSETS (LIABILITIES) 28,974 6,370
TOTAL ASSETS LESS CURRENT LIABILITIES 78,762 61,560
Creditors: Amounts Falling Due After More Than One Year 7 (3,605 ) (9,605 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,016 ) (10,486 )
NET ASSETS 64,141 41,469
CAPITAL AND RESERVES
Called up share capital 8 10 1
Profit and Loss Account 64,131 41,468
SHAREHOLDERS' FUNDS 64,141 41,469
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Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Peter Treece
Director
13/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Effectively Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11508414 . The registered office is 32 Salisbury Road, Old Bexley, Kent, DA5 3QE.
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.
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:
Plant & Machinery 15% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. 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 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 1,350 56,402 1,378 8,835 67,965
Additions 39 - - 3,345 3,384
As at 31 August 2024 1,389 56,402 1,378 12,180 71,349
Depreciation
As at 1 September 2023 423 8,460 737 3,155 12,775
Provided during the period 144 7,191 97 1,354 8,786
As at 31 August 2024 567 15,651 834 4,509 21,561
Net Book Value
As at 31 August 2024 822 40,751 544 7,671 49,788
As at 1 September 2023 927 47,942 641 5,680 55,190
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,755 910
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,750 1,525
Corporation tax 28,223 5,995
VAT 10,280 6,489
Director's loan account 349 598
40,602 14,607
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,605 9,605
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 1
9. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Mr Peter Treece totalling £358 (2023 - £598 Creditor), no interest is to be charged.
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