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Alder Media Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07470843
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 4,144 1,633
4,144 1,633
CURRENT ASSETS
Debtors 4 145,352 97,861
Cash at bank and in hand 214,236 147,499
359,588 245,360
Creditors: Amounts Falling Due Within One Year 5 (169,609 ) (74,748 )
NET CURRENT ASSETS (LIABILITIES) 189,979 170,612
TOTAL ASSETS LESS CURRENT LIABILITIES 194,123 172,245
Creditors: Amounts Falling Due After More Than One Year 6 (63,197 ) (22,880 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,036 ) (408 )
NET ASSETS 129,890 148,957
CAPITAL AND RESERVES
Called up share capital 7 50 50
Profit and Loss Account 129,840 148,907
SHAREHOLDERS' FUNDS 129,890 148,957
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For the year ending 31 March 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 T J Toulmin
Director
6 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. 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 25% Reducing Balance
Computer Equipment 25% Reducing Balance
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss. 
Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
1.6. Taxation
Income tax expense represents the sum of the tax currently payable and a deferred tax provision where necessary in accordance with accounting standards.
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 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 material 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. Where a reliable tax rate cannot be forecast, a deferred tax provision is calculated at the highest tax rate possibly applicable, based on tax rates (and tax laws) enacted by the end of the reporting date. 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 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.
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1.7. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2023: 4)
5 4
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,507 4,829 7,336
Additions - 5,824 5,824
Disposals - (179 ) (179 )
As at 31 March 2024 2,507 10,474 12,981
Depreciation
As at 1 April 2023 1,920 3,783 5,703
Provided during the period 146 3,115 3,261
Disposals - (127 ) (127 )
As at 31 March 2024 2,066 6,771 8,837
Net Book Value
As at 31 March 2024 441 3,703 4,144
As at 1 April 2023 587 1,046 1,633
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 117,798 77,859
Other debtors 27,554 20,002
145,352 97,861
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30,320 -
Bank loans and overdrafts 31,188 9,408
Other creditors 3,143 2,291
Taxation and social security 104,958 63,049
169,609 74,748
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 63,197 22,880
63,197 22,880
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings
2024 2023
£ £
Within 1 year 49,170 11,550
49,170 11,550
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Timothy Toulmin 20,001 146,947 149,632 - 17,317
The above loan is unsecured, repayable on demand with interest charged at the HMRC official rate. 
10. General Information
Alder Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07470843 . The registered office is C/O Revel Accountants Ltd, Liphook Road, Haslemere, Surrey, GU27 3QE.
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