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 10910660 Mr Alexander Lea iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10910660 2023-08-31 10910660 2024-08-31 10910660 2023-09-01 2024-08-31 10910660 frs-core:CurrentFinancialInstruments 2024-08-31 10910660 frs-core:ComputerEquipment 2024-08-31 10910660 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10910660 frs-core:ComputerEquipment 2023-08-31 10910660 frs-core:ShareCapital 2024-08-31 10910660 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10910660 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10910660 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10910660 frs-bus:SmallEntities 2023-09-01 2024-08-31 10910660 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10910660 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10910660 frs-bus:Director1 2023-09-01 2024-08-31 10910660 frs-countries:EnglandWales 2023-09-01 2024-08-31 10910660 2022-08-31 10910660 2023-08-31 10910660 2022-09-01 2023-08-31 10910660 frs-core:CurrentFinancialInstruments 2023-08-31 10910660 frs-core:ShareCapital 2023-08-31 10910660 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10910660
Fifteen12 Limited
Financial Statements
For The Year Ended 31 August 2024
Effective Accounting Solutions Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10910660
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,331 2,356
7,331 2,356
CURRENT ASSETS
Stocks and Work in Progress 5 10,250 -
Debtors 6 239 18,259
Cash at bank and in hand 19,697 22,959
30,186 41,218
Creditors: Amounts Falling Due Within One Year 7 (20,012 ) (25,054 )
NET CURRENT ASSETS (LIABILITIES) 10,174 16,164
TOTAL ASSETS LESS CURRENT LIABILITIES 17,505 18,520
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,393 ) (448 )
NET ASSETS 16,112 18,072
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 16,102 18,062
SHAREHOLDERS' FUNDS 16,112 18,072
Page 1
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 Alexander Lea
Director
16 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fifteen12 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10910660 . The registered office is The Old Manor, 24 St. Marys Street, Eynesbury, St. Neots, Cambridgeshire, PE19 2TA.
2. Accounting Policies
2.1. 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.

The financial statements are prepared in Pounds Sterling as this is the functional currency and currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest £.
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 25% on Cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 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 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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 4,350
Additions 6,690
As at 31 August 2024 11,040
Depreciation
As at 1 September 2023 1,994
Provided during the period 1,715
As at 31 August 2024 3,709
Net Book Value
As at 31 August 2024 7,331
As at 1 September 2023 2,356
5. Stocks and Work in Progress
2024 2023
£ £
Work in progress 10,250 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 18,000
Prepayments and accrued income 239 259
239 18,259
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 16,714 17,567
VAT 2,986 7,019
Director's loan account 312 468
20,012 25,054
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4