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 13880271 Mr Nigel Fisher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13880271 2023-01-31 13880271 2024-01-31 13880271 2023-02-01 2024-01-31 13880271 frs-core:CurrentFinancialInstruments 2024-01-31 13880271 frs-core:ComputerEquipment 2024-01-31 13880271 frs-core:ComputerEquipment 2023-02-01 2024-01-31 13880271 frs-core:ComputerEquipment 2023-01-31 13880271 frs-core:FurnitureFittings 2024-01-31 13880271 frs-core:FurnitureFittings 2023-02-01 2024-01-31 13880271 frs-core:FurnitureFittings 2023-01-31 13880271 frs-core:NetGoodwill 2024-01-31 13880271 frs-core:NetGoodwill 2023-02-01 2024-01-31 13880271 frs-core:NetGoodwill 2023-01-31 13880271 frs-core:ShareCapital 2024-01-31 13880271 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13880271 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13880271 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13880271 frs-bus:SmallEntities 2023-02-01 2024-01-31 13880271 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13880271 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13880271 frs-bus:Director1 2023-02-01 2024-01-31 13880271 frs-bus:Director1 2023-01-31 13880271 frs-bus:Director1 2024-01-31 13880271 frs-countries:EnglandWales 2023-02-01 2024-01-31 13880271 2022-01-31 13880271 2023-01-31 13880271 2022-02-01 2023-01-31 13880271 frs-core:CurrentFinancialInstruments 2023-01-31 13880271 frs-core:ShareCapital 2023-01-31 13880271 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13880271
New Era Professional Services Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13880271
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 9,600 10,800
Tangible Assets 4 1,150 2,300
10,750 13,100
CURRENT ASSETS
Debtors 5 21,868 617
Cash at bank and in hand 12,168 2,679
34,036 3,296
Creditors: Amounts Falling Due Within One Year 6 (22,003 ) (13,518 )
NET CURRENT ASSETS (LIABILITIES) 12,033 (10,222 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,783 2,878
PROVISIONS FOR LIABILITIES
Deferred Taxation (219 ) (524 )
NET ASSETS 22,564 2,354
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 22,563 2,353
SHAREHOLDERS' FUNDS 22,564 2,354
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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 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 Nigel Fisher
Director
25/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
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.
1.3. 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 10 years.
1.4. 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:
Fixtures & Fittings 3 Year straight Line
Computer Equipment 3 Year straight Line
1.5. 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.
1.6. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively
enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
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3. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 12,000
As at 31 January 2024 12,000
Amortisation
As at 1 February 2023 1,200
Provided during the period 1,200
As at 31 January 2024 2,400
Net Book Value
As at 31 January 2024 9,600
As at 1 February 2023 10,800
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 450 3,000 3,450
As at 31 January 2024 450 3,000 3,450
Depreciation
As at 1 February 2023 150 1,000 1,150
Provided during the period 150 1,000 1,150
As at 31 January 2024 300 2,000 2,300
Net Book Value
As at 31 January 2024 150 1,000 1,150
As at 1 February 2023 300 2,000 2,300
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 606
Other taxes and social security - 11
Director's loan account 21,868 -
21,868 617
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,273 1,523
Corporation tax 16,334 9,377
Other taxes and social security 195 -
VAT 4,201 2,454
Other creditors - 85
Director's loan account - 79
22,003 13,518
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. 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 Nigel Fisher (79 ) 86,583 (64,636 ) - 21,868
The above loan is unsecured, interest free and repayable on demand.
9. General Information
New Era Professional Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13880271 . The registered office is 13 The Highway The Highway, Beaconsfield, HP9 1QQ.
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