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 06222129 Mr Matthew Cooke Mr Carl Bullement the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06222129 2022-12-31 06222129 2023-12-31 06222129 2023-01-01 2023-12-31 06222129 frs-core:CurrentFinancialInstruments 2023-12-31 06222129 frs-core:Non-currentFinancialInstruments 2023-12-31 06222129 frs-core:BetweenOneFiveYears 2023-12-31 06222129 frs-core:ComputerEquipment 2023-12-31 06222129 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06222129 frs-core:ComputerEquipment 2022-12-31 06222129 frs-core:FurnitureFittings 2023-12-31 06222129 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06222129 frs-core:FurnitureFittings 2022-12-31 06222129 frs-core:NetGoodwill 2023-12-31 06222129 frs-core:NetGoodwill 2023-01-01 2023-12-31 06222129 frs-core:NetGoodwill 2022-12-31 06222129 frs-core:MotorVehicles 2023-12-31 06222129 frs-core:MotorVehicles 2023-01-01 2023-12-31 06222129 frs-core:MotorVehicles 2022-12-31 06222129 frs-core:WithinOneYear 2023-12-31 06222129 frs-core:ShareCapital 2023-12-31 06222129 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06222129 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06222129 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06222129 frs-bus:SmallEntities 2023-01-01 2023-12-31 06222129 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06222129 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06222129 1 2023-01-01 2023-12-31 06222129 frs-bus:Director1 2023-01-01 2023-12-31 06222129 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06222129 1 2023-01-01 2023-12-31 06222129 frs-countries:EnglandWales 2023-01-01 2023-12-31 06222129 2021-12-31 06222129 2022-12-31 06222129 2022-01-01 2022-12-31 06222129 frs-core:CurrentFinancialInstruments 2022-12-31 06222129 frs-core:Non-currentFinancialInstruments 2022-12-31 06222129 frs-core:BetweenOneFiveYears 2022-12-31 06222129 frs-core:WithinOneYear 2022-12-31 06222129 frs-core:ShareCapital 2022-12-31 06222129 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 06222129 1 2022-01-01 2022-12-31
Registered number: 06222129
Filter Services (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Cairns Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06222129
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 104,590 130,735
Tangible Assets 5 139,267 171,990
243,857 302,725
CURRENT ASSETS
Stocks 6 309,119 306,900
Debtors 7 1,335,945 1,312,394
Cash at bank and in hand 1,654,391 1,195,030
3,299,455 2,814,324
Creditors: Amounts Falling Due Within One Year 8 (1,087,207 ) (960,941 )
NET CURRENT ASSETS (LIABILITIES) 2,212,248 1,853,383
TOTAL ASSETS LESS CURRENT LIABILITIES 2,456,105 2,156,108
Creditors: Amounts Falling Due After More Than One Year 9 (10,911 ) (18,468 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (1,460 ) (2,929 )
NET ASSETS 2,443,734 2,134,711
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 2,443,634 2,134,611
SHAREHOLDERS' FUNDS 2,443,734 2,134,711
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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 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 Matthew Cooke
Director
27/06/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Filter Services (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06222129 . The registered office is 102 Snape Hill Lane, Dronfield, Derbyshire, S18 2GP.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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.
2.6. 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.
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2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Sales, marketing and distribution 12 12
Directors 1 1
14 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 762,828
As at 31 December 2023 762,828
Amortisation
As at 1 January 2023 632,093
Provided during the period 26,145
As at 31 December 2023 658,238
Net Book Value
As at 31 December 2023 104,590
As at 1 January 2023 130,735
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 222,288 60,182 5,440 287,910
Additions - 1,880 16,641 18,521
Disposals (18,274 ) - - (18,274 )
As at 31 December 2023 204,014 62,062 22,081 288,157
Depreciation
As at 1 January 2023 73,268 40,262 2,390 115,920
Provided during the period 36,128 3,270 4,923 44,321
Disposals (11,351 ) - - (11,351 )
As at 31 December 2023 98,045 43,532 7,313 148,890
Net Book Value
As at 31 December 2023 105,969 18,530 14,768 139,267
As at 1 January 2023 149,020 19,920 3,050 171,990
6. Stocks
2023 2022
£ £
Stock 309,119 306,900
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,318,909 1,235,263
Prepayments and accrued income 17,036 17,131
Other debtors - 60,000
1,335,945 1,312,394
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,196 7,196
Trade creditors 650,849 530,529
Corporation tax 270,116 252,586
Other creditors 159,046 170,630
1,087,207 960,941
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 10,227 17,423
Directors loan account 684 1,045
10,911 18,468
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,196 7,196
Later than one year and not later than five years 10,227 17,423
17,423 24,619
17,423 24,619
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 1,460 2,929
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
13. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their beneficial ownership of 100% of the issued share capital in the company.
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