Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10852120 C T Holdsworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10852120 2022-12-31 10852120 2023-12-31 10852120 2023-01-01 2023-12-31 10852120 frs-core:CurrentFinancialInstruments 2023-12-31 10852120 frs-core:ComputerEquipment 2023-12-31 10852120 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10852120 frs-core:ComputerEquipment 2022-12-31 10852120 frs-core:PlantMachinery 2023-12-31 10852120 frs-core:PlantMachinery 2023-01-01 2023-12-31 10852120 frs-core:PlantMachinery 2022-12-31 10852120 frs-core:ShareCapital 2023-12-31 10852120 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10852120 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10852120 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10852120 frs-bus:SmallEntities 2023-01-01 2023-12-31 10852120 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10852120 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10852120 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10852120 frs-bus:OrdinaryShareClass1 2023-12-31 10852120 frs-bus:Director1 2023-01-01 2023-12-31 10852120 frs-countries:EnglandWales 2023-01-01 2023-12-31 10852120 2021-12-31 10852120 2022-12-31 10852120 2022-01-01 2022-12-31 10852120 frs-core:CurrentFinancialInstruments 2022-12-31 10852120 frs-core:ShareCapital 2022-12-31 10852120 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10852120 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 10852120
BadgeArts Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10852120
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,433 4,577
3,433 4,577
CURRENT ASSETS
Stocks 5 3,500 3,500
Debtors 6 572 572
Cash at bank and in hand 685 730
4,757 4,802
Creditors: Amounts Falling Due Within One Year 7 (36,491 ) (28,941 )
NET CURRENT ASSETS (LIABILITIES) (31,734 ) (24,139 )
TOTAL ASSETS LESS CURRENT LIABILITIES (28,301 ) (19,562 )
NET LIABILITIES (28,301 ) (19,562 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (28,302 ) (19,563 )
SHAREHOLDERS' FUNDS (28,301) (19,562)
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Page 2
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
C T Holdsworth
Director
13 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
BadgeArts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10852120 . The registered office is Avaland House, 110 London Road, Apsley, Hemel Hempstead, Hertfordshire, HP3 9SD.
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. Going Concern Disclosure
The company's balance sheet at 31 December 2023 shows net liabilities of £28,301 (2022: £19,562). The company relies on the financial support of its director by way of loans totalling £35,691 included under 'creditors: amounts falling due within one year'. The director has agreed he will not call in the amounts due to him until working capital so permits and to continue to financially support the company. The director therefore considers it appropriate for the financial statements to be prepared on a going concern basis.
2.3. 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.
2.4. 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:
Plant & Machinery 20% on cost
Computer Equipment 20% on cost
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 1,860 5,598 7,458
As at 31 December 2023 1,860 5,598 7,458
Depreciation
As at 1 January 2023 1,836 1,045 2,881
Provided during the period 24 1,120 1,144
As at 31 December 2023 1,860 2,165 4,025
Net Book Value
As at 31 December 2023 - 3,433 3,433
As at 1 January 2023 24 4,553 4,577
5. Stocks
2023 2022
£ £
Stock 3,500 3,500
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 572 572
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 800 800
Director's loan account 35,691 28,141
36,491 28,941
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
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