Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09394998 Mr Daniel Ebanks Mr Ryan Georgiades Mr Simon Holden Mr Daniel Ebanks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09394998 2023-01-31 09394998 2024-01-31 09394998 2023-02-01 2024-01-31 09394998 frs-core:CurrentFinancialInstruments 2024-01-31 09394998 frs-core:Non-currentFinancialInstruments 2024-01-31 09394998 frs-core:ComputerEquipment 2024-01-31 09394998 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09394998 frs-core:ComputerEquipment 2023-01-31 09394998 frs-core:SharePremium 2024-01-31 09394998 frs-core:ShareCapital 2024-01-31 09394998 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09394998 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09394998 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09394998 frs-bus:SmallEntities 2023-02-01 2024-01-31 09394998 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09394998 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09394998 frs-bus:Director1 2023-02-01 2024-01-31 09394998 frs-bus:Director1 2023-01-31 09394998 frs-bus:Director1 2024-01-31 09394998 frs-bus:Director2 2023-02-01 2024-01-31 09394998 frs-bus:Director3 2023-02-01 2024-01-31 09394998 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 09394998 frs-countries:EnglandWales 2023-02-01 2024-01-31 09394998 2022-01-31 09394998 2023-01-31 09394998 2022-02-01 2023-01-31 09394998 frs-core:CurrentFinancialInstruments 2023-01-31 09394998 frs-core:Non-currentFinancialInstruments 2023-01-31 09394998 frs-core:SharePremium 2023-01-31 09394998 frs-core:ShareCapital 2023-01-31 09394998 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09394998
Firesouls Limited
Financial Statements
For The Year Ended 31 January 2024
Upscale Consultants Limited
170
Kennington Lane
London
SE11 5DP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09394998
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 123
- 123
CURRENT ASSETS
Debtors 5 82,963 13,610
Cash at bank and in hand 17,783 11,937
100,746 25,547
Creditors: Amounts Falling Due Within One Year 6 (43,627 ) (19,969 )
NET CURRENT ASSETS (LIABILITIES) 57,119 5,578
TOTAL ASSETS LESS CURRENT LIABILITIES 57,119 5,701
Creditors: Amounts Falling Due After More Than One Year 7 (23,645 ) (24,795 )
NET ASSETS/(LIABILITIES) 33,474 (19,094 )
CAPITAL AND RESERVES
Called up share capital 8 114 108
Share premium account 89,998 89,998
Income Statement (56,638 ) (109,200 )
SHAREHOLDERS' FUNDS 33,474 (19,094)
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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 Income Statement.
On behalf of the board
Mr Daniel Ebanks
Director
30th October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Firesouls Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09394998 . The registered office is 10 Arbuthnot Road, London, SE14 5NP.
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:
Computer Equipment 33.33%
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 year 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
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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 asset reflects 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: 3 (2023: 2)
3 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 370
As at 31 January 2024 370
Depreciation
As at 1 February 2023 247
Provided during the period 123
As at 31 January 2024 370
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 123
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56,299 599
Prepayments and accrued income 2,000 2,000
Corporation tax recoverable assets 9,056 9,056
Net wages 2,542 1,499
Directors' loan accounts 13,066 456
82,963 13,610
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,525 8,998
Other taxes and social security 11,613 2,743
VAT 17,904 3,579
Other creditors 2,585 3,649
Accruals and deferred income 1,000 1,000
43,627 19,969
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 23,645 24,795
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 114 108
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 Daniel Ebanks - 13,066 - - -
The above loan is unsecured, interest free and repayable on demand.
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