Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07941297 Mr Jorge Clavijo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07941297 2023-02-28 07941297 2024-02-29 07941297 2023-03-01 2024-02-29 07941297 frs-core:CurrentFinancialInstruments 2024-02-29 07941297 frs-core:ComputerEquipment 2024-02-29 07941297 frs-core:ComputerEquipment 2023-03-01 2024-02-29 07941297 frs-core:ComputerEquipment 2023-02-28 07941297 frs-core:MotorVehicles 2024-02-29 07941297 frs-core:MotorVehicles 2023-03-01 2024-02-29 07941297 frs-core:MotorVehicles 2023-02-28 07941297 frs-core:RevaluationReserve 2023-02-28 07941297 frs-core:RevaluationReserve 2024-02-29 07941297 frs-core:ShareCapital 2024-02-29 07941297 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07941297 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07941297 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07941297 frs-bus:SmallEntities 2023-03-01 2024-02-29 07941297 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07941297 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07941297 frs-core:CostValuation 2023-02-28 07941297 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-02-29 07941297 frs-core:CostValuation 2024-02-29 07941297 frs-core:ProvisionsForImpairmentInvestments 2023-02-28 07941297 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 07941297 frs-bus:Director1 2023-03-01 2024-02-29 07941297 frs-countries:EnglandWales 2023-03-01 2024-02-29 07941297 2022-02-28 07941297 2023-02-28 07941297 2022-03-01 2023-02-28 07941297 frs-core:CurrentFinancialInstruments 2023-02-28 07941297 frs-core:RevaluationReserve 2023-02-28 07941297 frs-core:ShareCapital 2023-02-28 07941297 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07941297
Urology Solutions Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Appleleaf Chartered Certified Accountants
ACCA
5 Town Hall Street
Grimsby
Lincolnshire
DN31 1HN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07941297
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,986 503
Investments 5 34,498 30,662
47,484 31,165
CURRENT ASSETS
Debtors 6 7,870 5,421
Cash at bank and in hand 91,592 52,542
99,462 57,963
Creditors: Amounts Falling Due Within One Year 7 (37,750 ) (14,701 )
NET CURRENT ASSETS (LIABILITIES) 61,712 43,262
TOTAL ASSETS LESS CURRENT LIABILITIES 109,196 74,427
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (602 ) (96 )
NET ASSETS 108,594 74,331
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 117 117
Profit and Loss Account 108,476 74,213
SHAREHOLDERS' FUNDS 108,594 74,331
Page 1
Page 2
For the year ending 29 February 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 Jorge Clavijo
Director
24 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Urology Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07941297 . The registered office is 5 Town Hall Street, Grimsby, DN31 1HN.
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. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Motor Vehicles 25% on cost
Computer Equipment 25% on cost
2.4. 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.
...CONTINUED
Page 3
Page 4
2.4. 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 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.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.6. Investments
Fixed asset investments are stated at the current market value as at the year end. Any revaluation movement has been charged to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 - 1,238 1,238
Additions 12,898 - 12,898
As at 29 February 2024 12,898 1,238 14,136
Depreciation
As at 1 March 2023 - 735 735
Provided during the period 106 309 415
As at 29 February 2024 106 1,044 1,150
...CONTINUED
Page 4
Page 5
Net Book Value
As at 29 February 2024 12,792 194 12,986
As at 1 March 2023 - 503 503
5. Investments
Other
£
Cost
As at 1 March 2023 30,662
Revaluations 3,836
As at 29 February 2024 34,498
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 34,498
As at 1 March 2023 30,662
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,018 4,732
Prepayments and accrued income 852 183
Other debtors - 506
7,870 5,421
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 754 191
Corporation tax 7,299 6,020
Other taxes and social security 122 119
Accruals and deferred income 3,460 3,006
Director's loan account 26,115 5,365
37,750 14,701
Page 5
Page 6
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 602 96
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Revaluation Reserve
£
As at 1 March 2023 117
As at 29 February 2024 117
Page 6