Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09568821 Mr Alexander Redston Mr Kieran Ball iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09568821 2023-04-30 09568821 2024-04-30 09568821 2023-05-01 2024-04-30 09568821 frs-core:CurrentFinancialInstruments 2024-04-30 09568821 frs-core:Non-currentFinancialInstruments 2024-04-30 09568821 frs-core:ComputerEquipment 2024-04-30 09568821 frs-core:ComputerEquipment 2023-05-01 2024-04-30 09568821 frs-core:ComputerEquipment 2023-04-30 09568821 frs-core:MotorVehicles 2024-04-30 09568821 frs-core:MotorVehicles 2023-05-01 2024-04-30 09568821 frs-core:MotorVehicles 2023-04-30 09568821 frs-core:OtherResidualIntangibleAssets 2024-04-30 09568821 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 09568821 frs-core:OtherResidualIntangibleAssets 2023-04-30 09568821 frs-core:SharePremium 2024-04-30 09568821 frs-core:ShareCapital 2024-04-30 09568821 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09568821 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09568821 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09568821 frs-bus:SmallEntities 2023-05-01 2024-04-30 09568821 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09568821 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09568821 frs-bus:Director1 2023-05-01 2024-04-30 09568821 frs-bus:Director1 2023-04-30 09568821 frs-bus:Director1 2024-04-30 09568821 frs-bus:Director2 2023-05-01 2024-04-30 09568821 frs-countries:EnglandWales 2023-05-01 2024-04-30 09568821 2022-04-30 09568821 2023-04-30 09568821 2022-05-01 2023-04-30 09568821 frs-core:CurrentFinancialInstruments 2023-04-30 09568821 frs-core:Non-currentFinancialInstruments 2023-04-30 09568821 frs-core:SharePremium 2023-04-30 09568821 frs-core:ShareCapital 2023-04-30 09568821 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Phonehub IO Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
The Laurel Partnership Ltd
16 Broad Street
Eye
Suffolk
IP23 7AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09568821
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 64,141 7,429
Tangible Assets 5 11,904 7,065
76,045 14,494
CURRENT ASSETS
Debtors 6 91,683 110,100
Cash at bank and in hand 82,967 96,569
174,650 206,669
Creditors: Amounts Falling Due Within One Year 7 (180,623 ) (204,955 )
NET CURRENT ASSETS (LIABILITIES) (5,973 ) 1,714
TOTAL ASSETS LESS CURRENT LIABILITIES 70,072 16,208
Creditors: Amounts Falling Due After More Than One Year 8 (10,833 ) (67,010 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,632 ) (1,342 )
NET ASSETS/(LIABILITIES) 46,607 (52,144 )
CAPITAL AND RESERVES
Called up share capital 9 2,154 2,154
Share premium account 118,258 118,258
Profit and Loss Account (73,805 ) (172,556 )
SHAREHOLDERS' FUNDS 46,607 (52,144)
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Page 2
For the year ending 30 April 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 Alexander Redston
Director
27/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Phonehub IO Ltd Registered number 09568821 is a limited by shares company incorporated in England & Wales. The Registered Office is 1-2 The Old Church, St Matthews Road, Norwich, NR1 1SP.
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.
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:
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
2.4. 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.
...CONTINUED
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Page 4
2.4. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 24,762
Additions 73,985
As at 30 April 2024 98,747
Amortisation
As at 1 May 2023 17,333
Provided during the period 17,273
As at 30 April 2024 34,606
Net Book Value
As at 30 April 2024 64,141
As at 1 May 2023 7,429
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 - 33,814 33,814
Additions 4,900 8,714 13,614
As at 30 April 2024 4,900 42,528 47,428
Depreciation
As at 1 May 2023 - 26,749 26,749
Provided during the period 1,225 7,550 8,775
As at 30 April 2024 1,225 34,299 35,524
...CONTINUED
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Net Book Value
As at 30 April 2024 3,675 8,229 11,904
As at 1 May 2023 - 7,065 7,065
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 96 -
Prepayments and accrued income 61,599 56,488
Other debtors 14,948 17,914
Net wages - 2,307
Directors' loan accounts 5,548 23,899
82,191 100,608
Due after more than one year
Other debtors 9,492 9,492
91,683 110,100
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,335 37,039
Bank loans and overdrafts 59,083 91,187
Other taxes and social security 8,959 3,670
VAT 59,431 46,755
Net wages 18,265 -
Other creditors 20,012 19,766
Accruals and deferred income 1,200 1,200
Directors' loan accounts 5,338 5,338
180,623 204,955
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,833 67,010
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,154 2,154
Page 5
Page 6
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Alexander Redston 23,898 5,962 24,312 - 5,548
The above loan is unsecured, interest free and repayable on demand.
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