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REGISTERED NUMBER: 10209657 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Beaconsoft Limited

Beaconsoft Limited (Registered number: 10209657)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Beaconsoft Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S L Boutcher
N P Bridges
J Farthing





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 10209657 (England and Wales)





ACCOUNTANTS: The Sanders Partnership
Chartered Accountants
19 King Street
The Civic Quarter
Wakefield
West Yorkshire
WF1 2SQ

Beaconsoft Limited (Registered number: 10209657)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,725,632 1,136,725
Tangible assets 5 16,527 4,567
1,742,159 1,141,292

CURRENT ASSETS
Debtors 6 140,171 161,410
Cash at bank 139,536 676,747
279,707 838,157
CREDITORS
Amounts falling due within one year 7 238,002 209,087
NET CURRENT ASSETS 41,705 629,070
TOTAL ASSETS LESS CURRENT LIABILITIES 1,783,864 1,770,362

CREDITORS
Amounts falling due after more than one year 8 789,904 89,898
NET ASSETS 993,960 1,680,464

CAPITAL AND RESERVES
Called up share capital 1,855 1,855
Share premium 2,337,704 2,337,704
Retained earnings (1,345,599 ) (659,095 )
993,960 1,680,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:




N P Bridges - Director


Beaconsoft Limited (Registered number: 10209657)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Beaconsoft Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Software development
Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the Company are recognised as intangible assets when the following criteria are met:
- it is technically feasible to complete the software so that it will be available for use;
- management intends to complete the software and isue or sell it;
- there is an ability to use or sell the software;
- it can be demonstrated how the software will generate probable future economic benefits;
- adequate technical, financial and other resources to complete the development and to use or sell the software are available; and
- the expenditure attributable to the software during its development can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on the going concern basis. We have continued to prepare the accounts on a going concern basis and deem this appropriate. We do not consider that a material uncertainty about our going concern status currently exists. In making this assessment we have considered the likely trading conditions for a period of twelve months from the date of our approval of these accounts.

Beaconsoft Limited (Registered number: 10209657)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 1,136,725
Additions 588,907
At 31 December 2023 1,725,632
NET BOOK VALUE
At 31 December 2023 1,725,632
At 31 December 2022 1,136,725

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 10,506
Additions 17,706
At 31 December 2023 28,212
DEPRECIATION
At 1 January 2023 5,939
Charge for year 5,746
At 31 December 2023 11,685
NET BOOK VALUE
At 31 December 2023 16,527
At 31 December 2022 4,567

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,619 82,450
Other debtors 5 5
Directors' loan accounts 3,715 -
Tax 76,597 78,955
VAT 15,643 -
Prepayments 592 -
140,171 161,410

Beaconsoft Limited (Registered number: 10209657)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,717 2,475
Other loans 47,540 46,811
Trade creditors 106,903 18,096
Social security and other taxes 63,230 94,093
VAT - 5,292
Pension liability 2,256 587
Directors' loan accounts 11,332 38,853
Accrued expenses 3,024 2,880
238,002 209,087

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,717 3,247
Bank loans - 2-5 years 10,842 10,240
Bank loans more 5 yr by instal 11,152 16,539
Other loans - 1-2 years 14,193 45,679
Other loans - 2-5 years 750,000 14,193
789,904 89,898

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,152 16,539

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
S L Boutcher
Balance outstanding at start of year - -
Amounts advanced 7,724 -
Amounts repaid (4,008 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,716 -