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 06071811 Mr Roy Stanley Mr Martin Stanley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06071811 2022-12-31 06071811 2023-12-31 06071811 2023-01-01 2023-12-31 06071811 frs-core:CurrentFinancialInstruments 2023-12-31 06071811 frs-core:Non-currentFinancialInstruments 2023-12-31 06071811 frs-core:ComputerEquipment 2023-12-31 06071811 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06071811 frs-core:ComputerEquipment 2022-12-31 06071811 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 06071811 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 06071811 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 06071811 frs-core:FurnitureFittings 2023-12-31 06071811 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06071811 frs-core:FurnitureFittings 2022-12-31 06071811 frs-core:MotorVehicles 2023-01-01 2023-12-31 06071811 frs-core:PlantMachinery 2023-12-31 06071811 frs-core:PlantMachinery 2023-01-01 2023-12-31 06071811 frs-core:PlantMachinery 2022-12-31 06071811 frs-core:ShareCapital 2023-12-31 06071811 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06071811 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06071811 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06071811 frs-bus:SmallEntities 2023-01-01 2023-12-31 06071811 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06071811 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06071811 frs-bus:Director1 2023-01-01 2023-12-31 06071811 frs-bus:Director2 2023-01-01 2023-12-31 06071811 frs-core:Non-currentFinancialInstruments 1 2023-12-31 06071811 frs-countries:EnglandWales 2023-01-01 2023-12-31 06071811 2021-12-31 06071811 2022-12-31 06071811 2022-01-01 2022-12-31 06071811 frs-core:CurrentFinancialInstruments 2022-12-31 06071811 frs-core:Non-currentFinancialInstruments 2022-12-31 06071811 frs-core:ShareCapital 2022-12-31 06071811 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 06071811 frs-core:Non-currentFinancialInstruments 1 2022-12-31
Registered number: 06071811
Bdaily Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Robinson Ward Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06071811
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1
Tangible Assets 5 198 402
198 403
CURRENT ASSETS
Debtors 6 8,702 23,921
Cash at bank and in hand 4,512 -
13,214 23,921
Creditors: Amounts Falling Due Within One Year 7 (45,452 ) (29,014 )
NET CURRENT ASSETS (LIABILITIES) (32,238 ) (5,093 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,040 ) (4,690 )
Creditors: Amounts Falling Due After More Than One Year 8 (1,819,886 ) (1,784,841 )
NET LIABILITIES (1,851,926 ) (1,789,531 )
CAPITAL AND RESERVES
Called up share capital 9 170 170
Profit and Loss Account (1,852,096 ) (1,789,701 )
SHAREHOLDERS' FUNDS (1,851,926) (1,789,531)
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
Mr Martin Stanley
Director
29th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bdaily Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06071811 . The registered office is Spaceworks, Benton Park Road, Newcastle Upon Tyne, NE7 7LX.
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. 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.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 15
Motor Vehicles 25
Fixtures & Fittings 15
Computer Equipment 33
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 355,225
As at 31 December 2023 355,225
Amortisation
As at 1 January 2023 355,224
Provided during the period 1
As at 31 December 2023 355,225
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 1
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 32,685 5,794 21,514 59,993
As at 31 December 2023 32,685 5,794 21,514 59,993
Depreciation
As at 1 January 2023 32,685 5,794 21,112 59,591
Provided during the period - - 204 204
As at 31 December 2023 32,685 5,794 21,316 59,795
Net Book Value
As at 31 December 2023 - - 198 198
As at 1 January 2023 - - 402 402
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,702 22,921
Prepayments and accrued income 1,000 1,000
8,702 23,921
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,607 1,954
Bank loans and overdrafts - 128
Other taxes and social security 3,579 2,845
VAT 4,512 6,715
Accruals 1,850 1,850
Amounts owed to associates 33,904 15,522
45,452 29,014
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 26,251 26,251
Other creditors (1) 1,793,635 1,758,590
1,819,886 1,784,841
Page 4
Page 5
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 170 170
Page 5