Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11345874 Mr John Michael Getgood Mr Mark Painter Miss Judith Mary Verrall Barrington Mr Martin Kirvan Mr Philip Anthony Tindley Mr Darren John Dunwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11345874 2023-03-31 11345874 2024-03-31 11345874 2023-04-01 2024-03-31 11345874 frs-core:CurrentFinancialInstruments 2024-03-31 11345874 frs-core:ComputerEquipment 2024-03-31 11345874 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11345874 frs-core:ComputerEquipment 2023-03-31 11345874 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 11345874 frs-core:FurnitureFittings 2024-03-31 11345874 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11345874 frs-core:FurnitureFittings 2023-03-31 11345874 frs-core:OtherResidualIntangibleAssets 2024-03-31 11345874 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 11345874 frs-core:OtherResidualIntangibleAssets 2023-03-31 11345874 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11345874 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11345874 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11345874 frs-bus:SmallEntities 2023-04-01 2024-03-31 11345874 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11345874 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11345874 frs-bus:Director1 2023-04-01 2024-03-31 11345874 frs-bus:Director2 2023-04-01 2024-03-31 11345874 frs-bus:Director3 2023-04-01 2024-03-31 11345874 frs-bus:Director4 2023-04-01 2024-03-31 11345874 frs-bus:Director5 2023-04-01 2024-03-31 11345874 frs-bus:Director6 2023-04-01 2024-03-31 11345874 frs-core:CurrentFinancialInstruments 4 2024-03-31 11345874 frs-countries:EnglandWales 2023-04-01 2024-03-31 11345874 2022-03-31 11345874 2023-03-31 11345874 2022-04-01 2023-03-31 11345874 frs-core:CurrentFinancialInstruments 2023-03-31 11345874 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11345874 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: 11345874
Penge SE20 Bid Ltd
Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11345874
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,593 2,285
5,593 2,285
CURRENT ASSETS
Debtors 6 4,742 4,585
Cash at bank and in hand 127,039 156,501
131,781 161,086
Creditors: Amounts Falling Due Within One Year 7 (14,712 ) (3,475 )
NET CURRENT ASSETS (LIABILITIES) 117,069 157,611
TOTAL ASSETS LESS CURRENT LIABILITIES 122,662 159,896
NET ASSETS 122,662 159,896
Profit and Loss Account 122,662 159,896
SHAREHOLDERS' FUNDS 122,662 159,896
For the year ending 31 March 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 Mark Painter
Director
16/10/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Penge SE20 Bid Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11345874 . The registered office is 10 Central Parade, Penge, London, United Kingdom, SE20 7TN.
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
Incoming funds represents grants, levies, contributions and other income.
Where conditions are attached to incoming funds (such as local authority grants for specific projects) the funds are held as deferred income on the balance sheet and released to the Income and Expense Account as relevant costs are incurred.
Where there are no specific conditions attached to incoming funds (such as levies collected from local businesses) the funds are taken straight to the Income and Expense Account. Any resulting surplus is shown as part of the reserves of the company, which are not distributable and are to be used to further the objectives of the company in accordance with the Memorandum and Articles of Association.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is Computer software. It is amortised to profit and loss account over its estimated economic life of 10 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:
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
2.5. 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.

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.

Company is mutual trading company and a not for profit making organisation and all incoming funds are to be utilised in the furtherance of the objectives of the company as set out in the Memorandum and Articles of Association.


3. Average Number of Employees
Average number of employees, including directors, during the year were 8 (2023: 6)
8 6
Page 2
Page 3
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 2,539
Additions 3,958
As at 31 March 2024 6,497
Amortisation
As at 1 April 2023 254
Provided during the period 650
As at 31 March 2024 904
Net Book Value
As at 31 March 2024 5,593
As at 1 April 2023 2,285
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 708 400 1,108
As at 31 March 2024 708 400 1,108
Depreciation
As at 1 April 2023 708 400 1,108
As at 31 March 2024 708 400 1,108
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - - -
6. Debtors
2024 2023
£ £
Due within one year
VAT 4,742 4,585
4,742 4,585
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,256 (8 )
Other taxes and social security 676 -
Pension Liability 197 -
Accruals 1,583 3,483
14,712 3,475
Page 3