Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10241950 Mr Christopher Lyons Mr Keith Privett Mr Keith Privett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10241950 2023-06-30 10241950 2024-06-30 10241950 2023-07-01 2024-06-30 10241950 frs-core:CurrentFinancialInstruments 2024-06-30 10241950 frs-core:Non-currentFinancialInstruments 2024-06-30 10241950 frs-core:BetweenOneFiveYears 2024-06-30 10241950 frs-core:ComputerEquipment 2024-06-30 10241950 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10241950 frs-core:ComputerEquipment 2023-06-30 10241950 frs-core:FurnitureFittings 2024-06-30 10241950 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10241950 frs-core:FurnitureFittings 2023-06-30 10241950 frs-core:MotorVehicles 2024-06-30 10241950 frs-core:MotorVehicles 2023-07-01 2024-06-30 10241950 frs-core:MotorVehicles 2023-06-30 10241950 frs-core:PlantMachinery 2024-06-30 10241950 frs-core:PlantMachinery 2023-07-01 2024-06-30 10241950 frs-core:PlantMachinery 2023-06-30 10241950 frs-core:WithinOneYear 2024-06-30 10241950 frs-core:ShareCapital 2024-06-30 10241950 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10241950 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10241950 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10241950 frs-bus:SmallEntities 2023-07-01 2024-06-30 10241950 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10241950 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10241950 frs-bus:Director1 2023-07-01 2024-06-30 10241950 frs-bus:Director1 2023-06-30 10241950 frs-bus:Director1 2024-06-30 10241950 frs-bus:Director2 2023-07-01 2024-06-30 10241950 frs-bus:Director2 2023-06-30 10241950 frs-bus:Director2 2024-06-30 10241950 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 10241950 frs-countries:EnglandWales 2023-07-01 2024-06-30 10241950 2022-06-30 10241950 2023-06-30 10241950 2022-07-01 2023-06-30 10241950 frs-core:CurrentFinancialInstruments 2023-06-30 10241950 frs-core:Non-currentFinancialInstruments 2023-06-30 10241950 frs-core:BetweenOneFiveYears 2023-06-30 10241950 frs-core:WithinOneYear 2023-06-30 10241950 frs-core:ShareCapital 2023-06-30 10241950 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10241950
Your Space Services Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10241950
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,991 15,109
26,991 15,109
CURRENT ASSETS
Debtors 5 92,305 162,995
Cash at bank and in hand 40,415 16,364
132,720 179,359
Creditors: Amounts Falling Due Within One Year 6 (106,954 ) (140,131 )
NET CURRENT ASSETS (LIABILITIES) 25,766 39,228
TOTAL ASSETS LESS CURRENT LIABILITIES 52,757 54,337
Creditors: Amounts Falling Due After More Than One Year 7 (37,895 ) (52,688 )
NET ASSETS 14,862 1,649
CAPITAL AND RESERVES
Called up share capital 9 110 110
Profit and Loss Account 14,752 1,539
SHAREHOLDERS' FUNDS 14,862 1,649
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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 Christopher Lyons
Director
Mr Keith Privett
Director
23rd September 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
Your Space Services Ltd Registered number 10241950 is a limited by shares company incorporated in England & Wales. The Registered Office is Dale House 64 Fink Hill, Horsforth, Leeds, LS18 4DH.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% Straight Line
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 490 18,900 872 1,965 22,227
Additions 125 13,888 - 579 14,592
As at 30 June 2024 615 32,788 872 2,544 36,819
Depreciation
As at 1 July 2023 452 4,342 557 1,767 7,118
Provided during the period 73 2,139 218 280 2,710
As at 30 June 2024 525 6,481 775 2,047 9,828
Net Book Value
As at 30 June 2024 90 26,307 97 497 26,991
As at 1 July 2023 38 14,558 315 198 15,109
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 80,425 144,361
Other debtors 11,880 18,634
92,305 162,995
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,223 3,216
Trade creditors 13,993 63,038
Bank loans and overdrafts 19,090 17,000
Other creditors 400 400
Taxation and social security 67,248 56,477
106,954 140,131
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,145 5,938
Bank loans 26,750 46,750
37,895 52,688
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,223 3,216
Later than one year and not later than five years 11,145 5,938
17,368 9,154
17,368 9,154
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Christopher Lyons (5,600 ) (42,122 ) 41,782 - (5,940 )
Mr Keith Privett (13,034 ) (34,624 ) 41,718 - (5,940 )
The above loan is unsecured, interest free and repayable on demand.
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