Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09865554 Mr Jonathan Hayman Mr Jason Pink Mr Stuart Humphries Mr Stuart Humpries iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09865554 2023-02-28 09865554 2024-02-29 09865554 2023-03-01 2024-02-29 09865554 frs-core:CurrentFinancialInstruments 2024-02-29 09865554 frs-core:FurnitureFittings 2024-02-29 09865554 frs-core:FurnitureFittings 2023-03-01 2024-02-29 09865554 frs-core:FurnitureFittings 2023-02-28 09865554 frs-core:NetGoodwill 2024-02-29 09865554 frs-core:NetGoodwill 2023-03-01 2024-02-29 09865554 frs-core:NetGoodwill 2023-02-28 09865554 frs-core:MotorVehicles 2024-02-29 09865554 frs-core:MotorVehicles 2023-03-01 2024-02-29 09865554 frs-core:MotorVehicles 2023-02-28 09865554 frs-core:PlantMachinery 2024-02-29 09865554 frs-core:PlantMachinery 2023-03-01 2024-02-29 09865554 frs-core:PlantMachinery 2023-02-28 09865554 frs-core:ShareCapital 2024-02-29 09865554 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09865554 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09865554 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09865554 frs-bus:SmallEntities 2023-03-01 2024-02-29 09865554 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09865554 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09865554 frs-bus:Director1 2023-03-01 2024-02-29 09865554 frs-bus:Director2 2023-03-01 2024-02-29 09865554 frs-bus:Director2 2023-02-28 09865554 frs-bus:Director2 2024-02-29 09865554 frs-bus:Director3 2023-03-01 2024-02-29 09865554 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 09865554 frs-countries:EnglandWales 2023-03-01 2024-02-29 09865554 2022-02-28 09865554 2023-02-28 09865554 2022-03-01 2023-02-28 09865554 frs-core:CurrentFinancialInstruments 2023-02-28 09865554 frs-core:ShareCapital 2023-02-28 09865554 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Anglia Computer Solutions Business Limited
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09865554
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 22,978 28,931
22,978 28,931
CURRENT ASSETS
Stocks 6 26,321 42,338
Debtors 7 114,842 94,756
Cash at bank and in hand 121,854 71,529
263,017 208,623
Creditors: Amounts Falling Due Within One Year 8 (131,798 ) (91,589 )
NET CURRENT ASSETS (LIABILITIES) 131,219 117,034
TOTAL ASSETS LESS CURRENT LIABILITIES 154,197 145,965
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,366 ) (5,497 )
NET ASSETS 149,831 140,468
CAPITAL AND RESERVES
Called up share capital 9 14 14
Profit and Loss Account 149,817 140,454
SHAREHOLDERS' FUNDS 149,831 140,468
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For the year ending 29 February 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 Stuart Humphries
Director
24th June 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Anglia Computer Solutions Business Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09865554 . The registered office is C/O Swinton Accountants, Park Farm Business Park, Park Farm Hotel, Norwich Road, Hethersett, Norwich, NR9 3DL.
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.
This is the first set of accounts produced under the Financial Reporting Standard 102 section 1A. On transition a review has been carried out of the previously recognised amounts to identify any that would need to be restated under the new stadards. The effect of these is shown below. 
Reconcilitation of equity 
                                                                     At 1 March 2022    At 28 Feb 2023
Capital and Reserves (as previously stated)       145,915             145,965 
Recognisition of Deferred Tax Provision            -6,747                -5,497 
Capital and Reserves (as restated)                     139,168             140,468 
Reconciliation of Profit or Loss 
                                                                    Year ended 28 Feb 2023
Profit for the year (as previously stated)               80,901 
Movement in Deferred Tax Provision                    1,250 
Profit for the year (as restated)                             82,151 
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. 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.
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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 25% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 9)
8 9
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 1,000
As at 29 February 2024 1,000
Amortisation
As at 1 March 2023 1,000
As at 29 February 2024 1,000
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 2,785 28,620 30,387 61,792
Additions 674 - - 674
As at 29 February 2024 3,459 28,620 30,387 62,466
Depreciation
As at 1 March 2023 1,241 13,413 18,207 32,861
Provided during the period 541 3,041 3,045 6,627
As at 29 February 2024 1,782 16,454 21,252 39,488
Net Book Value
As at 29 February 2024 1,677 12,166 9,135 22,978
As at 1 March 2023 1,544 15,207 12,180 28,931
6. Stocks
2024 2023
£ £
Stock 26,321 1,514
Work in progress - 40,824
26,321 42,338
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 99,148 94,756
Other debtors 15,694 -
114,842 94,756
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,703 31,629
Other creditors 24,174 22,937
Taxation and social security 89,921 37,023
131,798 91,589
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 14 14
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Jonathan Hayman - 7,650 - - 7,650
The above loan is unsecured, interest free and repayable on demand.
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