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 05505951 Mr Gregory Hanton Ms Helen McMurtrie Mrs Candice Fourie Mr Gregory Hanton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05505951 2022-12-31 05505951 2023-12-31 05505951 2023-01-01 2023-12-31 05505951 frs-core:CurrentFinancialInstruments 2023-12-31 05505951 frs-core:Non-currentFinancialInstruments 2023-12-31 05505951 frs-core:ComputerEquipment 2023-12-31 05505951 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05505951 frs-core:ComputerEquipment 2022-12-31 05505951 frs-core:PlantMachinery 2023-12-31 05505951 frs-core:PlantMachinery 2023-01-01 2023-12-31 05505951 frs-core:PlantMachinery 2022-12-31 05505951 frs-core:ShareCapital 2023-12-31 05505951 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05505951 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05505951 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05505951 frs-bus:SmallEntities 2023-01-01 2023-12-31 05505951 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05505951 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05505951 frs-bus:Director1 2023-01-01 2023-12-31 05505951 frs-bus:Director2 2023-01-01 2023-12-31 05505951 frs-bus:Director3 2023-01-01 2023-12-31 05505951 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05505951 frs-core:CurrentFinancialInstruments 1 2023-12-31 05505951 frs-countries:EnglandWales 2023-01-01 2023-12-31 05505951 2021-12-31 05505951 2022-12-31 05505951 2022-01-01 2022-12-31 05505951 frs-core:CurrentFinancialInstruments 2022-12-31 05505951 frs-core:Non-currentFinancialInstruments 2022-12-31 05505951 frs-core:ShareCapital 2022-12-31 05505951 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05505951 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 05505951
No Worries Company Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05505951
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,744 2,917
3,744 2,917
CURRENT ASSETS
Debtors 5 217,620 146,970
Investments 6 10,365 150,000
Cash at bank and in hand 256,760 232,195
484,745 529,165
Creditors: Amounts Falling Due Within One Year 7 (62,189 ) (37,385 )
NET CURRENT ASSETS (LIABILITIES) 422,556 491,780
TOTAL ASSETS LESS CURRENT LIABILITIES 426,300 494,697
NET ASSETS 426,300 494,697
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 426,298 494,695
SHAREHOLDERS' FUNDS 426,300 494,697
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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 Gregory Hanton
Director
16/09/2024
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
No Worries Company Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05505951 . The registered office is Unit 1 Rowan Court, 56 High Street Wimbledon, London, SW19 5EE.
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:
Plant & Machinery 5 years
Computer Equipment 3 years
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Office and administration 5 8
5 8
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 28,777 9,517 38,294
Additions - 2,507 2,507
Disposals - (5,438 ) (5,438 )
As at 31 December 2023 28,777 6,586 35,363
Depreciation
As at 1 January 2023 28,777 6,600 35,377
Provided during the period - 1,418 1,418
Disposals - (5,176 ) (5,176 )
As at 31 December 2023 28,777 2,842 31,619
Net Book Value
As at 31 December 2023 - 3,744 3,744
As at 1 January 2023 - 2,917 2,917
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 156,970 72,320
Other debtors 60,000 60,000
216,970 132,320
Due after more than one year
Other debtors 650 14,650
217,620 146,970
6. Current Asset Investments
2023 2022
£ £
Unlisted investments 10,365 150,000
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 11,850 4,514
Corporation tax 7 69
Other taxes and social security 3,173 4,546
VAT 44,564 26,968
Other creditors - Pension payable (Current liabilities - creditors < 1 year) 2,595 1,288
62,189 37,385
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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