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 07228282 Mr Peter Boyle Mrs Sarah Corneille iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07228282 2023-03-31 07228282 2024-03-31 07228282 2023-04-01 2024-03-31 07228282 frs-core:CurrentFinancialInstruments 2024-03-31 07228282 frs-core:BetweenOneFiveYears 2024-03-31 07228282 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07228282 frs-core:FurnitureFittings 2024-03-31 07228282 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07228282 frs-core:FurnitureFittings 2023-03-31 07228282 frs-core:PlantMachinery 2024-03-31 07228282 frs-core:PlantMachinery 2023-04-01 2024-03-31 07228282 frs-core:PlantMachinery 2023-03-31 07228282 frs-core:WithinOneYear 2024-03-31 07228282 frs-core:ShareCapital 2024-03-31 07228282 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07228282 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07228282 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07228282 frs-bus:SmallEntities 2023-04-01 2024-03-31 07228282 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07228282 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07228282 frs-bus:Director1 2023-04-01 2024-03-31 07228282 frs-bus:Director2 2023-04-01 2024-03-31 07228282 frs-countries:EnglandWales 2023-04-01 2024-03-31 07228282 2022-03-31 07228282 2023-03-31 07228282 2022-04-01 2023-03-31 07228282 frs-core:CurrentFinancialInstruments 2023-03-31 07228282 frs-core:BetweenOneFiveYears 2023-03-31 07228282 frs-core:WithinOneYear 2023-03-31 07228282 frs-core:ShareCapital 2023-03-31 07228282 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07228282
Adept Field Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
A Shaw & Co. Ltd
1 The Pavement
Bushy Park Road
Teddington
TW11 9JE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07228282
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,538 6,763
4,538 6,763
CURRENT ASSETS
Debtors 5 469,589 803,581
Cash at bank and in hand 313,868 359,420
783,457 1,163,001
Creditors: Amounts Falling Due Within One Year 6 (375,356 ) (499,026 )
NET CURRENT ASSETS (LIABILITIES) 408,101 663,975
TOTAL ASSETS LESS CURRENT LIABILITIES 412,639 670,738
PROVISIONS FOR LIABILITIES
Deferred Taxation (862 ) (1,285 )
NET ASSETS 411,777 669,453
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 411,677 669,353
SHAREHOLDERS' FUNDS 411,777 669,453
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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 Profit and Loss Account.
On behalf of the board
Mr Peter Boyle
Director
18th October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Adept Field Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07228282 . The registered office is Fife House, 14-18 Fife Road, Kingston Upon Thames, KT1 1SZ.
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. 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 25% to 33.33%
Fixtures & Fittings 20%
Computer Equipment 25% to 50%
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 years 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 assets reflect 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: 15 (2023: 15)
15 15
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 47,506 4,600 52,106
Additions 1,461 - 1,461
As at 31 March 2024 48,967 4,600 53,567
Depreciation
As at 1 April 2023 40,743 4,600 45,343
Provided during the period 3,686 - 3,686
As at 31 March 2024 44,429 4,600 49,029
Net Book Value
As at 31 March 2024 4,538 - 4,538
As at 1 April 2023 6,763 - 6,763
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 316,619 527,099
Prepayments and accrued income 83,359 195,165
Other debtors 12,000 12,000
Amounts owed by associates 57,611 69,317
469,589 803,581
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,983 67,799
Corporation tax 138,246 135,753
Other taxes and social security 1,568 13,847
VAT 52,027 41,679
Other creditors 1,970 2,360
Accruals and deferred income 155,562 237,588
375,356 499,026
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 26,142 54,260
Later than one year and not later than five years 3,064 29,207
29,206 83,467
The above amounts include operating leases for two company vehicles and the lease on the company's premises expiring in November 2024.
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