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 11142347 Mr Scott Chambers Mrs Sarah Chambers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11142347 2023-01-31 11142347 2024-01-31 11142347 2023-02-01 2024-01-31 11142347 frs-core:CurrentFinancialInstruments 2024-01-31 11142347 frs-core:ComputerEquipment 2024-01-31 11142347 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11142347 frs-core:ComputerEquipment 2023-01-31 11142347 frs-core:FurnitureFittings 2024-01-31 11142347 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11142347 frs-core:FurnitureFittings 2023-01-31 11142347 frs-core:PlantMachinery 2024-01-31 11142347 frs-core:PlantMachinery 2023-02-01 2024-01-31 11142347 frs-core:PlantMachinery 2023-01-31 11142347 frs-core:ShareCapital 2024-01-31 11142347 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11142347 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11142347 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11142347 frs-bus:SmallEntities 2023-02-01 2024-01-31 11142347 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11142347 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11142347 frs-core:CostValuation 2023-01-31 11142347 frs-core:AdditionsToInvestments 2024-01-31 11142347 frs-core:CostValuation 2024-01-31 11142347 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 11142347 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 11142347 frs-bus:Director1 2023-02-01 2024-01-31 11142347 frs-bus:Director1 2023-01-31 11142347 frs-bus:Director1 2024-01-31 11142347 frs-bus:Director2 2023-02-01 2024-01-31 11142347 frs-countries:EnglandWales 2023-02-01 2024-01-31 11142347 2022-01-31 11142347 2023-01-31 11142347 2022-02-01 2023-01-31 11142347 frs-core:CurrentFinancialInstruments 2023-01-31 11142347 frs-core:ShareCapital 2023-01-31 11142347 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11142347
ABESS Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11142347
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,778 2,698
Investments 5 304 -
3,082 2,698
CURRENT ASSETS
Debtors 6 62,310 33,459
Cash at bank and in hand 128,942 79,714
191,252 113,173
Creditors: Amounts Falling Due Within One Year 7 (82,336 ) (49,397 )
NET CURRENT ASSETS (LIABILITIES) 108,916 63,776
TOTAL ASSETS LESS CURRENT LIABILITIES 111,998 66,474
NET ASSETS 111,998 66,474
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 111,898 66,374
SHAREHOLDERS' FUNDS 111,998 66,474
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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.
On behalf of the board
Mr Scott Chambers
Director
30/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ABESS Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11142347 . The registered office is Unit 11 Diddenham Court, Lambwood Hill, Grazeley, Reading, Berkshire, RG7 1JQ.
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% Reducing Balance
Fixtures & Fittings 33% Reducing Balance
Computer Equipment 33% Straight Line
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.
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: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 5,879 1,162 3,267 10,308
Additions - - 883 883
As at 31 January 2024 5,879 1,162 4,150 11,191
Depreciation
As at 1 February 2023 4,149 194 3,267 7,610
Provided during the period 432 322 49 803
As at 31 January 2024 4,581 516 3,316 8,413
Net Book Value
As at 31 January 2024 1,298 646 834 2,778
As at 1 February 2023 1,730 968 - 2,698
5. Investments
Subsidiaries Associates Total
£ £ £
Cost
As at 1 February 2023 - - -
Additions 54 250 304
As at 31 January 2024 54 250 304
Provision
As at 1 February 2023 - - -
As at 31 January 2024 - - -
Net Book Value
As at 31 January 2024 54 250 304
As at 1 February 2023 - - -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 13,968
Other debtors 62,310 19,491
62,310 33,459
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 54 345
Other creditors 2,701 705
Taxation and social security 79,581 48,347
82,336 49,397
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Scott Chambers 19,485 62,825 20,000 - 62,310
The above loan is unsecured, interest free and repayable on demand.
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