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 02437388 Mr David Turlington Mr William Turlington Mr David Turlington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02437388 2022-12-31 02437388 2023-12-31 02437388 2023-01-01 2023-12-31 02437388 frs-core:CurrentFinancialInstruments 2023-12-31 02437388 frs-core:Non-currentFinancialInstruments 2023-12-31 02437388 frs-core:PlantMachinery 2023-12-31 02437388 frs-core:PlantMachinery 2023-01-01 2023-12-31 02437388 frs-core:PlantMachinery 2022-12-31 02437388 frs-core:CapitalRedemptionReserve 2023-12-31 02437388 frs-core:ShareCapital 2023-12-31 02437388 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02437388 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02437388 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02437388 frs-bus:SmallEntities 2023-01-01 2023-12-31 02437388 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02437388 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02437388 frs-bus:Director1 2023-01-01 2023-12-31 02437388 frs-bus:Director2 2023-01-01 2023-12-31 02437388 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 02437388 frs-countries:EnglandWales 2023-01-01 2023-12-31 02437388 2021-12-31 02437388 2022-12-31 02437388 2022-01-01 2022-12-31 02437388 frs-core:CurrentFinancialInstruments 2022-12-31 02437388 frs-core:Non-currentFinancialInstruments 2022-12-31 02437388 frs-core:CapitalRedemptionReserve 2022-12-31 02437388 frs-core:ShareCapital 2022-12-31 02437388 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02437388
Unidec Systems Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02437388
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 1,167,572 1,167,572
1,167,572 1,167,572
CURRENT ASSETS
Debtors 6 14,080 35,269
Cash at bank and in hand 50,466 20,436
64,546 55,705
Creditors: Amounts Falling Due Within One Year 7 (812,459 ) (530,622 )
NET CURRENT ASSETS (LIABILITIES) (747,913 ) (474,917 )
TOTAL ASSETS LESS CURRENT LIABILITIES 419,659 692,655
Creditors: Amounts Falling Due After More Than One Year 8 (213,311 ) (509,352 )
NET ASSETS 206,348 183,303
CAPITAL AND RESERVES
Called up share capital 9 37,087 37,087
Capital redemption reserve 5,260 5,260
Profit and Loss Account 164,001 140,956
SHAREHOLDERS' FUNDS 206,348 183,303
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 William Turlington
Director
11th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Unidec Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02437388 . The registered office is Unit 15, 8 Showfield Lane, Malton, YO17 6BT.
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 for goods supplied and services rendered.
Revenue is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer; the amount of revenue can be measured reliably; it is probably that the economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured 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% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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 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
Page 3
Page 4
2.5. 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: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 55,345
As at 31 December 2023 55,345
Depreciation
As at 1 January 2023 55,345
As at 31 December 2023 55,345
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 1,167,572
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 867 784
VAT 13,213 34,485
14,080 35,269
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (771 ) 859
Corporation tax 4,027 -
Accruals and deferred income 1,075 975
Directors' loan accounts 830,628 527,180
Amounts owed to associates (22,500 ) 1,608
812,459 530,622
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 213,311 509,352
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 37,087 37,087
Page 5