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 03452033 Ms Sharon Poole Ms Lisa Young iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03452033 2022-12-31 03452033 2023-12-31 03452033 2023-01-01 2023-12-31 03452033 frs-core:CurrentFinancialInstruments 2023-12-31 03452033 frs-core:Non-currentFinancialInstruments 2023-12-31 03452033 frs-core:ComputerEquipment 2023-12-31 03452033 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03452033 frs-core:ComputerEquipment 2022-12-31 03452033 frs-core:FurnitureFittings 2023-12-31 03452033 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03452033 frs-core:FurnitureFittings 2022-12-31 03452033 frs-core:NetGoodwill 2023-12-31 03452033 frs-core:NetGoodwill 2023-01-01 2023-12-31 03452033 frs-core:NetGoodwill 2022-12-31 03452033 frs-core:ShareCapital 2023-12-31 03452033 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03452033 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03452033 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03452033 frs-bus:SmallEntities 2023-01-01 2023-12-31 03452033 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03452033 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03452033 frs-bus:Director1 2023-01-01 2023-12-31 03452033 frs-bus:Director2 2023-01-01 2023-12-31 03452033 frs-core:CurrentFinancialInstruments 1 2023-12-31 03452033 frs-core:CurrentFinancialInstruments 2 2023-12-31 03452033 frs-core:CurrentFinancialInstruments 3 2023-12-31 03452033 frs-countries:EnglandWales 2023-01-01 2023-12-31 03452033 2021-12-31 03452033 2022-12-31 03452033 2022-01-01 2022-12-31 03452033 frs-core:CurrentFinancialInstruments 2022-12-31 03452033 frs-core:Non-currentFinancialInstruments 2022-12-31 03452033 frs-core:ShareCapital 2022-12-31 03452033 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03452033 frs-core:CurrentFinancialInstruments 1 2022-12-31 03452033 frs-core:CurrentFinancialInstruments 2 2022-12-31 03452033 frs-core:CurrentFinancialInstruments 3 2022-12-31
Registered number: 03452033
Athena Medical Pr Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Axis Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03452033
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 26,991 30,741
Tangible Assets 5 8,631 7,534
35,622 38,275
CURRENT ASSETS
Stocks 6 37,251 143,125
Debtors 7 135,332 100,936
Cash at bank and in hand 95,637 59,059
268,220 303,120
Creditors: Amounts Falling Due Within One Year 8 (128,143 ) (116,933 )
NET CURRENT ASSETS (LIABILITIES) 140,077 186,187
TOTAL ASSETS LESS CURRENT LIABILITIES 175,699 224,462
Creditors: Amounts Falling Due After More Than One Year 9 (14,229 ) (24,229 )
NET ASSETS 161,470 200,233
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 161,370 200,133
SHAREHOLDERS' FUNDS 161,470 200,233
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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
Ms Sharon Poole
Director
Ms Lisa Young
Director
03/05/2024
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
Athena Medical Pr Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03452033 . The registered office is Jordangate House, Jordangate, Macclesfield, SK10 1EQ.
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. 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 20 years.
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:
Fixtures & Fittings 15% Reducing balance basis
Computer Equipment 33% Reducing balance basis
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. 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.
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2.7. 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 year 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 asset reflects 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 75,000
As at 31 December 2023 75,000
Amortisation
As at 1 January 2023 44,259
Provided during the period 3,750
As at 31 December 2023 48,009
Net Book Value
As at 31 December 2023 26,991
As at 1 January 2023 30,741
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 68,236 3,004 71,240
Additions 2,276 756 3,032
As at 31 December 2023 70,512 3,760 74,272
Depreciation
As at 1 January 2023 61,894 1,812 63,706
Provided during the period 1,292 643 1,935
As at 31 December 2023 63,186 2,455 65,641
Net Book Value
As at 31 December 2023 7,326 1,305 8,631
As at 1 January 2023 6,342 1,192 7,534
6. Stocks
2023 2022
£ £
Payments on account 37,251 143,125
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 55,332 19,128
Other debtors - 1,808
Directors' loan accounts 80,000 80,000
135,332 100,936
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 11,067 80,607
Corporation tax 16,009 15,586
VAT 5,715 8,880
Credit cards 5,978 -
Pension creditor 156 -
Deferred income 77,000 -
Accruals and deferred income 2,218 1,860
Bounce back loan within one year 10,000 10,000
128,143 116,933
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bounce back loan after one year 14,229 24,229
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £156 were due to the fund. 
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