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 7437769 Mr Paul Watts Mrs Cassandra Watts the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7437769 2022-12-31 7437769 2023-12-31 7437769 2023-01-01 2023-12-31 7437769 frs-core:CurrentFinancialInstruments 2023-12-31 7437769 frs-core:Non-currentFinancialInstruments 2023-12-31 7437769 frs-core:ComputerEquipment 2023-12-31 7437769 frs-core:ComputerEquipment 2023-01-01 2023-12-31 7437769 frs-core:ComputerEquipment 2022-12-31 7437769 frs-core:NetGoodwill 2023-12-31 7437769 frs-core:NetGoodwill 2023-01-01 2023-12-31 7437769 frs-core:NetGoodwill 2022-12-31 7437769 frs-core:ShareCapital 2023-12-31 7437769 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 7437769 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 7437769 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 7437769 frs-bus:SmallEntities 2023-01-01 2023-12-31 7437769 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 7437769 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 7437769 1 2023-01-01 2023-12-31 7437769 frs-bus:Director1 2023-01-01 2023-12-31 7437769 frs-bus:Director1 2022-12-31 7437769 frs-bus:Director1 2023-12-31 7437769 frs-bus:Director2 2023-01-01 2023-12-31 7437769 frs-countries:EnglandWales 2023-01-01 2023-12-31 7437769 2021-12-31 7437769 2022-12-31 7437769 2022-01-01 2022-12-31 7437769 frs-core:CurrentFinancialInstruments 2022-12-31 7437769 frs-core:Non-currentFinancialInstruments 2022-12-31 7437769 frs-core:ShareCapital 2022-12-31 7437769 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 7437769
Clear IT Recruitment Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 7437769
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,986 4,455
3,986 4,455
CURRENT ASSETS
Debtors 5 131,719 143,880
Cash at bank and in hand 265,139 198,383
396,858 342,263
Creditors: Amounts Falling Due Within One Year 6 (72,543 ) (88,281 )
NET CURRENT ASSETS (LIABILITIES) 324,315 253,982
TOTAL ASSETS LESS CURRENT LIABILITIES 328,301 258,437
NET ASSETS 328,301 258,437
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 328,299 258,435
SHAREHOLDERS' FUNDS 328,301 258,437
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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 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
Mr Paul Watts
Director
Mrs Cassandra Watts
Director
11th September 2024
The notes on pages 3 to 6 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. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
1.3. 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 10 years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Computer Equipment 25% Reducing balance basis
1.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
Sales, marketing and distribution 5 5
7 7
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3. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 12,500
As at 31 December 2023 12,500
Amortisation
As at 1 January 2023 12,500
As at 31 December 2023 12,500
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 15,771
Additions 860
As at 31 December 2023 16,631
Depreciation
As at 1 January 2023 11,316
Provided during the period 1,329
As at 31 December 2023 12,645
Net Book Value
As at 31 December 2023 3,986
As at 1 January 2023 4,455
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 45,393 49,811
Corporation tax recoverable assets 7,448 -
52,841 49,811
Due after more than one year
Directors loan account 78,878 94,069
131,719 143,880
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 29,195 37,664
Corporation tax 43,348 50,617
72,543 88,281
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors (Debtor 2020):
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Paul Watts 94,069 77,368 92,560 - 78,877
The above loan is unsecured, interest free and repayable on demand.
9. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 69,600 72,000
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10. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.
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