Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 04439133 Mr Christopher James Holden Associates Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04439133 2023-05-31 04439133 2024-05-31 04439133 2023-06-01 2024-05-31 04439133 frs-core:CurrentFinancialInstruments 2024-05-31 04439133 frs-core:Non-currentFinancialInstruments 2024-05-31 04439133 frs-core:BetweenOneFiveYears 2024-05-31 04439133 frs-core:ComputerEquipment 2024-05-31 04439133 frs-core:ComputerEquipment 2023-06-01 2024-05-31 04439133 frs-core:ComputerEquipment 2023-05-31 04439133 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 04439133 frs-core:FurnitureFittings 2024-05-31 04439133 frs-core:FurnitureFittings 2023-06-01 2024-05-31 04439133 frs-core:FurnitureFittings 2023-05-31 04439133 frs-core:MotorVehicles 2024-05-31 04439133 frs-core:MotorVehicles 2023-06-01 2024-05-31 04439133 frs-core:MotorVehicles 2023-05-31 04439133 frs-core:OtherResidualIntangibleAssets 2024-05-31 04439133 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 04439133 frs-core:OtherResidualIntangibleAssets 2023-05-31 04439133 frs-core:PlantMachinery 2024-05-31 04439133 frs-core:PlantMachinery 2023-06-01 2024-05-31 04439133 frs-core:PlantMachinery 2023-05-31 04439133 frs-core:WithinOneYear 2024-05-31 04439133 frs-core:RevaluationReserve 2023-06-01 2024-05-31 04439133 frs-core:RevaluationReserve 2023-05-31 04439133 frs-core:RevaluationReserve 2024-05-31 04439133 frs-core:ShareCapital 2024-05-31 04439133 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04439133 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04439133 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04439133 frs-bus:SmallEntities 2023-06-01 2024-05-31 04439133 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04439133 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04439133 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-05-31 04439133 frs-bus:Director1 2023-06-01 2024-05-31 04439133 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 04439133 frs-countries:EnglandWales 2023-06-01 2024-05-31 04439133 2022-05-31 04439133 2023-05-31 04439133 2022-06-01 2023-05-31 04439133 frs-core:CurrentFinancialInstruments 2023-05-31 04439133 frs-core:Non-currentFinancialInstruments 2023-05-31 04439133 frs-core:BetweenOneFiveYears 2023-05-31 04439133 frs-core:WithinOneYear 2023-05-31 04439133 frs-core:RevaluationReserve 2023-05-31 04439133 frs-core:ShareCapital 2023-05-31 04439133 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 04439133 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-05-31
Registered number: 04439133
Sub 6 Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Holden Associates
Qualified Accountants, Taxation & Business Growth Advisors
V12 Merlin Park Ringtail Road
Burscough Industrial Estate
Ormskirk
L40 8JY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04439133
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 198,245 196,080
Tangible Assets 5 404,845 415,455
603,090 611,535
CURRENT ASSETS
Debtors 6 180,351 183,342
Cash at bank and in hand 508,447 354,617
688,798 537,959
Creditors: Amounts Falling Due Within One Year 7 (482,495 ) (422,497 )
NET CURRENT ASSETS (LIABILITIES) 206,303 115,462
TOTAL ASSETS LESS CURRENT LIABILITIES 809,393 726,997
Creditors: Amounts Falling Due After More Than One Year 8 (107,222 ) (137,977 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (147,737 ) (149,654 )
NET ASSETS 554,434 439,366
CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 13 188,105 185,940
Profit and Loss Account 366,328 253,425
SHAREHOLDERS' FUNDS 554,434 439,366
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 James
Director
15th October 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sub 6 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04439133 . The registered office is Strawberry Fields Digital Hub, Euxton Lane, Chorley, PR7 1PQ.
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 - Other Intangible
IP addresses are recognised as intangible assets, valued at fair value under the revaluation model, and are not amortised, in line with applicable accounting standards.
Key Points
  • Initial Recognition: At acquisition cost.
  • Revaluation: Adjusted at each reporting date to fair value by the director, using market data.
  • Non-Amortisation: IP addresses are not amortised due to their indefinite useful life and ongoing ability to generate economic benefits. The fair value model ensures their carrying amount is regularly updated to reflect current market conditions.
  • Equity Impact: Increases in fair value are credited to a revaluation reserve within equity; decreases that cannot be offset against the reserve are recognised in profit or loss.
Objective
This policy aims to accurately reflect the value and indefinite useful life of IP addresses in our financial statements, enhancing transparency and providing stakeholders with a clear understanding of our asset management approach and equity changes.
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:
Plant & Machinery Term of lease
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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Page 4
2.5. 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.
2.6. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 9 9
Sales, marketing and distribution 1 1
10 10
Page 4
Page 5
4. Intangible Assets
IP addresses
£
Cost or Valuation
As at 1 June 2023 196,080
Revaluations 2,165
As at 31 May 2024 198,245
Net Book Value
As at 31 May 2024 198,245
As at 1 June 2023 196,080
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 39,715 120,990 81,554 1,551,626 1,793,885
Additions - - 10,569 113,768 124,337
As at 31 May 2024 39,715 120,990 92,123 1,665,394 1,918,222
Depreciation
As at 1 June 2023 39,715 30,248 67,150 1,241,317 1,378,430
Provided during the period - 22,686 6,243 106,018 134,947
As at 31 May 2024 39,715 52,934 73,393 1,347,335 1,513,377
Net Book Value
As at 31 May 2024 - 68,056 18,730 318,059 404,845
As at 1 June 2023 - 90,742 14,404 310,309 415,455
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 149,304 142,059
Prepayments and accrued income 31,047 41,283
180,351 183,342
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Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,548 51,235
Trade creditors 9,391 1,141
Bank loans and overdrafts 10,000 10,000
Corporation tax 132,918 65,812
Other taxes and social security 333 251
VAT 60,960 61,341
Accruals and deferred income 228,318 232,002
Director's loan account 1,027 715
482,495 422,497
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 94,722 115,477
Bank loans 12,500 22,500
107,222 137,977
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 39,548 51,235
Later than one year and not later than five years 94,722 115,477
134,270 166,712
134,270 166,712
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 98,176 100,634
Other timing differences 49,561 49,020
147,737 149,654
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 7,509 25,545
Later than one year and not later than five years - 8,515
7,509 34,060
13. Reserves
Revaluation Reserve
£
As at 1 June 2023 185,940
Transfer to profit and loss 2,165
As at 31 May 2024 188,105
Page 7