Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04646713 Mr A F Blake Mrs R A Blake Mr A D Pawson Mrs P J Pawson Mr A F Blake iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04646713 2023-01-31 04646713 2024-01-31 04646713 2023-02-01 2024-01-31 04646713 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04646713 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04646713 frs-core:NetGoodwill 2023-02-01 2024-01-31 04646713 frs-core:PlantMachinery 2023-02-01 2024-01-31 04646713 frs-core:ShareCapital 2024-01-31 04646713 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04646713 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04646713 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 04646713 frs-bus:SmallEntities 2023-02-01 2024-01-31 04646713 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04646713 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04646713 frs-bus:Director1 2023-02-01 2024-01-31 04646713 frs-bus:Director2 2023-02-01 2024-01-31 04646713 frs-bus:Director3 2023-02-01 2024-01-31 04646713 frs-bus:Director4 2023-02-01 2024-01-31 04646713 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 04646713 frs-countries:EnglandWales 2023-02-01 2024-01-31 04646713 2022-01-31 04646713 2023-01-31 04646713 2022-02-01 2023-01-31 04646713 frs-core:ShareCapital 2023-01-31 04646713 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 04646713
257 Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Alexander Myerson & Co Limited
Alexander House
61 Rodney Street
Liverpool
Merseyside
L1 9ER
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04646713
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,988 3,962
2,988 3,962
CURRENT ASSETS
Debtors 3,000 45,633
Cash at bank and in hand 42,031 22,784
45,031 68,417
Creditors: Amounts Falling Due Within One Year (23,453 ) (21,917 )
NET CURRENT ASSETS (LIABILITIES) 21,578 46,500
TOTAL ASSETS LESS CURRENT LIABILITIES 24,566 50,462
PROVISIONS FOR LIABILITIES
Deferred Taxation (193 ) (375 )
NET ASSETS 24,373 50,087
CAPITAL AND RESERVES
Called up share capital 6 20 20
Profit and Loss Account 24,353 50,067
SHAREHOLDERS' FUNDS 24,373 50,087
Page 1
Page 2
For the year ending 31 January 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr A F Blake
Director
30 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
257 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04646713 . The registered office is 61 Rodney Street, Liverpool, Merseyside, L1 9ER.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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 15% on cost
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
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.
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: 4 (2023: 4)
4 4
Page 3
Page 4
4. Intangible Assets
Total
£
Cost
As at 1 February 2023 7,000
As at 31 January 2024 7,000
Amortisation
As at 1 February 2023 7,000
As at 31 January 2024 7,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 February 2023 72,539
Additions 111
As at 31 January 2024 72,650
Depreciation
As at 1 February 2023 68,577
Provided during the period 1,085
As at 31 January 2024 69,662
Net Book Value
As at 31 January 2024 2,988
As at 1 February 2023 3,962
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
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