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 02538653 Mrs Maureen Went Mr Philip Went Mr Christopher Went Mrs Maureen Went iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02538653 2022-12-31 02538653 2023-12-31 02538653 2023-01-01 2023-12-31 02538653 frs-core:CurrentFinancialInstruments 2023-12-31 02538653 frs-core:ComputerEquipment 2023-12-31 02538653 frs-core:ComputerEquipment 2023-01-01 2023-12-31 02538653 frs-core:ComputerEquipment 2022-12-31 02538653 frs-core:FurnitureFittings 2023-12-31 02538653 frs-core:FurnitureFittings 2023-01-01 2023-12-31 02538653 frs-core:FurnitureFittings 2022-12-31 02538653 frs-core:PlantMachinery 2023-12-31 02538653 frs-core:PlantMachinery 2023-01-01 2023-12-31 02538653 frs-core:PlantMachinery 2022-12-31 02538653 frs-core:ShareCapital 2023-12-31 02538653 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02538653 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02538653 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02538653 frs-bus:SmallEntities 2023-01-01 2023-12-31 02538653 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02538653 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02538653 frs-bus:Director1 2023-01-01 2023-12-31 02538653 frs-bus:Director1 2022-12-31 02538653 frs-bus:Director1 2023-12-31 02538653 frs-bus:Director2 2023-01-01 2023-12-31 02538653 frs-bus:Director3 2023-01-01 2023-12-31 02538653 frs-bus:Director3 2022-12-31 02538653 frs-bus:Director3 2023-12-31 02538653 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 02538653 frs-countries:EnglandWales 2023-01-01 2023-12-31 02538653 2021-12-31 02538653 2022-12-31 02538653 2022-01-01 2022-12-31 02538653 frs-core:CurrentFinancialInstruments 2022-12-31 02538653 frs-core:ShareCapital 2022-12-31 02538653 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02538653
Filcris Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Richard Edwards Consultancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02538653
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,772 8,064
5,772 8,064
CURRENT ASSETS
Stocks 5 43,925 29,145
Debtors 6 48,019 56,781
Investments 7 31,029 30,963
Cash at bank and in hand 293,112 369,436
416,085 486,325
Creditors: Amounts Falling Due Within One Year 8 (150,345 ) (208,823 )
NET CURRENT ASSETS (LIABILITIES) 265,740 277,502
TOTAL ASSETS LESS CURRENT LIABILITIES 271,512 285,566
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,259 ) (1,361 )
NET ASSETS 270,253 284,205
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 269,253 283,205
SHAREHOLDERS' FUNDS 270,253 284,205
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 Christopher Went
Director
26/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Filcris Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02538653 . The registered office is The Old Fire Station, Broadway, Bourn, Cambridge, CB23 2TA.
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. 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 20% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 25% Straight Line
2.4. 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.
2.5. 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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2.6. Investments
All investments are carried at fair value determined annually and derived from the current market valuation. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 8)
7 8
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 74,659 2,536 15,170 92,365
Additions 993 - - 993
As at 31 December 2023 75,652 2,536 15,170 93,358
Depreciation
As at 1 January 2023 70,230 2,536 11,535 84,301
Provided during the period 1,696 - 1,589 3,285
As at 31 December 2023 71,926 2,536 13,124 87,586
Net Book Value
As at 31 December 2023 3,726 - 2,046 5,772
As at 1 January 2023 4,429 - 3,635 8,064
5. Stocks
2023 2022
as restated
£ £
Stock 43,925 29,145
6. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 41,799 45,810
Other debtors 6,220 10,971
48,019 56,781
7. Current Asset Investments
2023 2022
as restated
£ £
Listed investments 31,029 30,963
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 115,592 89,881
Other creditors 10,442 66,860
Taxation and social security 24,311 52,082
150,345 208,823
9. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Philip Went 2,300 2,300 - - -
Mr Christopher Went 2,450 2,450 - - -
The above loans are unsecured, interest free and repayable on demand.
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