Acorah Software Products - Accounts Production 15.0.400 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02456429 Mr Philip Gibbs Mrs Lisa Seager Mrs Sally Gibbs Mrs Sally Gibbs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02456429 2023-03-31 02456429 2024-03-31 02456429 2023-04-01 2024-03-31 02456429 frs-core:CurrentFinancialInstruments 2024-03-31 02456429 frs-core:Non-currentFinancialInstruments 2024-03-31 02456429 frs-core:ComputerEquipment 2024-03-31 02456429 frs-core:ComputerEquipment 2023-04-01 2024-03-31 02456429 frs-core:ComputerEquipment 2023-03-31 02456429 frs-core:FurnitureFittings 2024-03-31 02456429 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02456429 frs-core:FurnitureFittings 2023-03-31 02456429 frs-core:OtherResidualIntangibleAssets 2024-03-31 02456429 frs-core:OtherResidualIntangibleAssets 2023-03-31 02456429 frs-core:CapitalRedemptionReserve 2024-03-31 02456429 frs-core:ShareCapital 2024-03-31 02456429 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02456429 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02456429 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02456429 frs-bus:SmallEntities 2023-04-01 2024-03-31 02456429 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02456429 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02456429 frs-bus:Director1 2023-04-01 2024-03-31 02456429 frs-bus:Director2 2023-04-01 2024-03-31 02456429 frs-bus:Director3 2023-04-01 2024-03-31 02456429 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02456429 frs-countries:EnglandWales 2023-04-01 2024-03-31 02456429 2022-03-31 02456429 2023-03-31 02456429 2022-04-01 2023-03-31 02456429 frs-core:CurrentFinancialInstruments 2023-03-31 02456429 frs-core:Non-currentFinancialInstruments 2023-03-31 02456429 frs-core:CapitalRedemptionReserve 2023-03-31 02456429 frs-core:ShareCapital 2023-03-31 02456429 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02456429
Philip Gibbs Insurance Brokers Limted
Unaudited Financial Statements
For The Year Ended 31 March 2024
MATCH Accounting Limited
Portsmouth Technopole Kingston Crescent
Portsmouth
Hampshire
PO2 8FA
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 02456429
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,157 1,512
1,157 1,512
CURRENT ASSETS
Debtors 5 183,918 131,874
Cash at bank and in hand 513,717 541,528
697,635 673,402
Creditors: Amounts Falling Due Within One Year 6 (172,888 ) (155,979 )
NET CURRENT ASSETS (LIABILITIES) 524,747 517,423
TOTAL ASSETS LESS CURRENT LIABILITIES 525,904 518,935
Creditors: Amounts Falling Due After More Than One Year 7 (1,445 ) (310 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (220 ) (378 )
NET ASSETS 524,239 518,247
CAPITAL AND RESERVES
Called up share capital 8 100 100
Capital redemption reserve 214,100 214,100
Income Statement 310,039 304,047
SHAREHOLDERS' FUNDS 524,239 518,247
Page 1
Page 2
For the year ending 31 March 2024 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 Income Statement.
On behalf of the board
Mrs Lisa Seager
Director
24/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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. 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.
1.3. 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:
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
1.4. 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.
...CONTINUED
Page 3
Page 4
1.4. Taxation - continued
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2023: 7)
7 7
3. Intangible Assets
Other
£
Cost
As at 1 April 2023 376,443
As at 31 March 2024 376,443
Amortisation
As at 1 April 2023 376,443
As at 31 March 2024 376,443
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 35,223 - 35,223
Additions - 646 646
As at 31 March 2024 35,223 646 35,869
Depreciation
As at 1 April 2023 33,711 - 33,711
Provided during the period 835 166 1,001
As at 31 March 2024 34,546 166 34,712
Net Book Value
As at 31 March 2024 677 480 1,157
As at 1 April 2023 1,512 - 1,512
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,123 30,693
Other debtors 140,795 101,181
183,918 131,874
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,400 -
Other creditors 152,971 124,991
Taxation and social security 17,517 30,988
172,888 155,979
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,445 310
1,445 310
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At the beginning of the year the directors owed the company £14,651. During the this was fully repaid. At the balance sheet date the company was owed £0 by the directors. 
10. General Information
Philip Gibbs Insurance Brokers Limted is a private company, limited by shares, incorporated in England & Wales, registered number 02456429 . The registered office is A4 Links House , Dundas Lane , Portsmouth , Hampshire , PO3 5BL.
Page 5