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 11868990 Mr L Q Sergent Mrs U M Sergent Mrs U M Sergent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11868990 2022-12-31 11868990 2023-12-31 11868990 2023-01-01 2023-12-31 11868990 frs-core:CurrentFinancialInstruments 2023-12-31 11868990 frs-core:Non-currentFinancialInstruments 2023-12-31 11868990 frs-core:ComputerEquipment 2023-12-31 11868990 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11868990 frs-core:ComputerEquipment 2022-12-31 11868990 frs-core:FurnitureFittings 2023-12-31 11868990 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11868990 frs-core:FurnitureFittings 2022-12-31 11868990 frs-core:PlantMachinery 2023-12-31 11868990 frs-core:PlantMachinery 2023-01-01 2023-12-31 11868990 frs-core:PlantMachinery 2022-12-31 11868990 frs-core:ShareCapital 2023-12-31 11868990 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11868990 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11868990 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11868990 frs-bus:SmallEntities 2023-01-01 2023-12-31 11868990 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11868990 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11868990 frs-bus:Director1 2023-01-01 2023-12-31 11868990 frs-bus:Director2 2023-01-01 2023-12-31 11868990 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 11868990 frs-countries:EnglandWales 2023-01-01 2023-12-31 11868990 2021-12-31 11868990 2022-12-31 11868990 2022-01-01 2022-12-31 11868990 frs-core:CurrentFinancialInstruments 2022-12-31 11868990 frs-core:Non-currentFinancialInstruments 2022-12-31 11868990 frs-core:ShareCapital 2022-12-31 11868990 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11868990
Zetter Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Steve Pye & Co.
Chartered Certified Accountants
3 North Lynn Bus. Village
Bergen Way, North Lynn Industrial Estate
King's Lynn
Norfolk
PE30 2JG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11868990
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 11,575 14,778
11,575 14,778
CURRENT ASSETS
Work done not billed 4 93,748 108,238
Debtors 5 228,659 102,446
Cash at bank and in hand 357,751 582,985
680,158 793,669
Creditors: Amounts Falling Due Within One Year 6 (510,091 ) (559,317 )
NET CURRENT ASSETS (LIABILITIES) 170,067 234,352
TOTAL ASSETS LESS CURRENT LIABILITIES 181,642 249,130
Creditors: Amounts Falling Due After More Than One Year 7 (14,837 ) (24,998 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,894 ) (2,808 )
NET ASSETS 163,911 221,324
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 163,811 221,224
SHAREHOLDERS' FUNDS 163,911 221,324
Page 1
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 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
Mrs U M Sergent
Director
19 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Significant judgements and estimations
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.  The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant.  Actual results may differ from these estimates.  The estimates and underlying assumptions are reviewed on an ongoing basis.  Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the revision affects both current and future periods.  The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.
1.3. 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 rendering of services. 
1.4. 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 Straight line over 3 years
Fixtures & Fittings Straight line over 3 years
Computer Equipment Straight line over 5 years
1.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value. 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.
1.6. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
...CONTINUED
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1.6. Financial Instruments - continued
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.7. 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 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.
1.8. 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: 15 (2022: 12)
15 12
3. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 22,808 - 18,000 40,808
Additions 3,713 3,813 - 7,526
As at 31 December 2023 26,521 3,813 18,000 48,334
Depreciation
As at 1 January 2023 13,320 - 12,710 26,030
Provided during the period 6,547 582 3,600 10,729
As at 31 December 2023 19,867 582 16,310 36,759
Net Book Value
As at 31 December 2023 6,654 3,231 1,690 11,575
As at 1 January 2023 9,488 - 5,290 14,778
4. Work done not billed
2023 2022
£ £
Work in progress 93,748 108,238
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Page 5
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 202,620 68,046
Amounts owed by participating interests 15,490 -
Other debtors 10,549 34,400
228,659 102,446
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 10,858 22,739
Bank loans and overdrafts 10,162 17,866
Other creditors 266,889 308,807
Taxation and social security 222,182 209,905
510,091 559,317
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,837 24,998
14,837 24,998
8. Secured Creditors
Of the creditors the following amounts are secured.
On 7th June 2019 a fixed and floating debenture charge was created securing all monies owed to HSBC Bank Plc over all property and undertakings of the company.
2023 2022
£ £
Bank loans and overdrafts 24,998 42,864
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. General Information
Zetter Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11868990 . The registered office is St John's Innovation Centre Ltd, Cowley Road, Cambridge, CB4 0WS.  The presentation currency of the financial statements is the Pound Sterling (£).
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