Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12356098 Mr R Niesten Mr J Stul Vendor Compare Pty Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12356098 2023-06-30 12356098 2024-06-30 12356098 2023-07-01 2024-06-30 12356098 frs-core:CurrentFinancialInstruments 2024-06-30 12356098 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 12356098 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 12356098 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 12356098 frs-core:ShareCapital 2024-06-30 12356098 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12356098 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12356098 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12356098 frs-bus:SmallEntities 2023-07-01 2024-06-30 12356098 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12356098 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12356098 1 2023-07-01 2024-06-30 12356098 frs-bus:Director1 2023-07-01 2024-06-30 12356098 frs-bus:Director2 2023-07-01 2024-06-30 12356098 frs-countries:EnglandWales 2023-07-01 2024-06-30 12356098 2022-06-30 12356098 2023-06-30 12356098 2022-07-01 2023-06-30 12356098 frs-core:CurrentFinancialInstruments 2023-06-30 12356098 frs-core:ShareCapital 2023-06-30 12356098 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12356098
Bricks and Agent Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12356098
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,134,666 1,844,274
2,134,666 1,844,274
CURRENT ASSETS
Debtors 5 20,600 21,180
Cash at bank and in hand 1,001 1,909
21,601 23,089
Creditors: Amounts Falling Due Within One Year 6 (3,328,297 ) (2,268,657 )
NET CURRENT ASSETS (LIABILITIES) (3,306,696 ) (2,245,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,172,030 ) (401,294 )
NET LIABILITIES (1,172,030 ) (401,294 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account (1,172,031 ) (401,295 )
SHAREHOLDERS' FUNDS (1,172,030) (401,294)
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Page 2
For the year ending 30 June 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 Profit and Loss Account.
On behalf of the board
Mr R Niesten
Director
18 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bricks and Agent Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12356098 . The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
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. Going Concern Disclosure
Whilst the balance sheet is in a deficit position, the Directors are confident that the company has sufficient reserves to meet liabilities as they fall due, as well as having the continued support of its parent entity. As such, the directors deem it appropriate to prepare the financial statements under the going concern basis.
2.3. 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 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are amortised evenly over its estimated useful life of five years.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Development Costs
£
Cost
As at 1 July 2023 2,687,562
Additions 1,034,880
As at 30 June 2024 3,722,442
Amortisation
As at 1 July 2023 843,288
Provided during the period 744,488
As at 30 June 2024 1,587,776
Net Book Value
As at 30 June 2024 2,134,666
As at 1 July 2023 1,844,274
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 20,600 21,180
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 3,322,347 2,262,757
Other creditors 5,950 5,900
3,328,297 2,268,657
7. Related Party Transactions
Included within creditors due within one year there is amount owed to group companies, Vendor Compare Pty Ltd of £3,231,027 (2023: £2,262,757). Interest is charged on amounts due and there is no fixed date for repayment.
Included within creditors due within one year there is amount owed to group companies, Acutech Group Pty Limited of £91,320 (2023: £nil). Interest is charged on amounts due and there is no fixed date for repayment.
8. Ultimate Controlling Party Not Known
The company's immediate and ultimate parent undertaking is Vendor Compare Pty Ltd, a company incorporated in Austrailia. There is no ultimate controlling party.
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