Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02826978 Ms J Asiama Mr T Barnes Mr J Brook Mr B Cole Ms A Dickens Ms M Evangelidis Ms C Gorski Ms T Suarez Mr P Thackwray Mr O Vinegold Dr T Webb Mr T Wolfenden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02826978 2023-03-31 02826978 2024-03-31 02826978 2023-04-01 2024-03-31 02826978 frs-core:CurrentFinancialInstruments 2024-03-31 02826978 frs-core:ComputerEquipment 2024-03-31 02826978 frs-core:ComputerEquipment 2023-04-01 2024-03-31 02826978 frs-core:ComputerEquipment 2023-03-31 02826978 frs-core:FurnitureFittings 2024-03-31 02826978 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02826978 frs-core:FurnitureFittings 2023-03-31 02826978 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02826978 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 02826978 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02826978 frs-bus:SmallEntities 2023-04-01 2024-03-31 02826978 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02826978 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02826978 frs-bus:Director1 2023-04-01 2024-03-31 02826978 frs-bus:Director2 2023-04-01 2024-03-31 02826978 frs-bus:Director3 2023-04-01 2024-03-31 02826978 frs-bus:Director4 2023-04-01 2024-03-31 02826978 frs-bus:Director5 2023-04-01 2024-03-31 02826978 frs-bus:Director6 2023-04-01 2024-03-31 02826978 frs-bus:Director7 2023-04-01 2024-03-31 02826978 frs-bus:Director8 2023-04-01 2024-03-31 02826978 frs-bus:Director9 2023-04-01 2024-03-31 02826978 frs-bus:Director10 2023-04-01 2024-03-31 02826978 frs-bus:Director11 2023-04-01 2024-03-31 02826978 frs-bus:Director12 2023-04-01 2024-03-31 02826978 frs-countries:EnglandWales 2023-04-01 2024-03-31 02826978 2022-03-31 02826978 2023-03-31 02826978 2022-04-01 2023-03-31 02826978 frs-core:CurrentFinancialInstruments 2023-03-31 02826978 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02826978
Capital Enterprise (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 02826978
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,456 16,344
22,456 16,344
CURRENT ASSETS
Debtors 5 696,783 1,626,701
Cash at bank and in hand 1,281,410 2,054,880
1,978,193 3,681,581
Creditors: Amounts Falling Due Within One Year 6 (1,102,818 ) (2,588,636 )
NET CURRENT ASSETS (LIABILITIES) 875,375 1,092,945
TOTAL ASSETS LESS CURRENT LIABILITIES 897,831 1,109,289
NET ASSETS 897,831 1,109,289
Income and Expenditure Account 897,831 1,109,289
MEMBERS' FUNDS 897,831 1,109,289
For the year ending 31 March 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 Income and Expenditure Account.
On behalf of the board
Mr T Barnes
Director
Ms M Evangelidis
Director
1 October 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Capital Enterprise (UK) Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 02826978 . The registered office is Idealondon, 69 Wilson Street, London, EC2A 2BB.
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. Significant judgements and estimations
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting policies.
2.3. 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.
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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2023: 60)
30 60
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 17,571 24,756 42,327
Additions - 11,967 11,967
Disposals - (464 ) (464 )
As at 31 March 2024 17,571 36,259 53,830
Depreciation
As at 1 April 2023 11,394 14,589 25,983
Provided during the period 1,544 4,005 5,549
Disposals - (158 ) (158 )
As at 31 March 2024 12,938 18,436 31,374
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 March 2024 4,633 17,823 22,456
As at 1 April 2023 6,177 10,167 16,344
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 115,052 584,899
Other debtors 581,731 1,041,802
696,783 1,626,701
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 177,820 318,777
Other creditors 877,806 2,184,156
Taxation and social security 47,192 85,703
1,102,818 2,588,636
7. Related Party Transactions
The company operates several programmes that accelerate early-stage founders and startups by assisting them in overcoming the obstacles of starting and scaling a business. Some of the company's directors are employed by external organisations that have received income from these projects. This includes payments of £144,556 (2023: £77,000) to these organisations.
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3