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Registered number: 03755351
Ashendon Recruitment Limited
Financial Statements
For The Year Ended 30 June 2024
Expertax Limited
Chartered Certified Accountants
42-44 Clarendon Road
Watford
Hertfordshire
WD17 1JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03755351
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 107
- 107
CURRENT ASSETS
Debtors 5 84,133 149,665
Cash at bank and in hand 93,275 61,242
177,408 210,907
Creditors: Amounts Falling Due Within One Year 6 (123,554 ) (171,642 )
NET CURRENT ASSETS (LIABILITIES) 53,854 39,265
TOTAL ASSETS LESS CURRENT LIABILITIES 53,854 39,372
Creditors: Amounts Falling Due After More Than One Year 7 (10,506 ) (20,765 )
NET ASSETS 43,348 18,607
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 43,338 18,597
SHAREHOLDERS' FUNDS 43,348 18,607
Page 1
Page 2
For the year ending 30 June 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
Mrs M A Edwards
Director
04/11/2024
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
Ashendon Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03755351 . The registered office is C/o Expertax Limited, 42-44 Clarendon Road, Watford, Hertfordshire, WD17 1JJ.
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.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can 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 Straight line over three years
The profit or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.
2.4. Financial Instruments
The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.
Impairment of financial assets
Financial assets are assessed for indicators of impairment as each reporting date.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.
Equity instruments
Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.
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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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2023: 27)
36 27
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 644
Disposals (644 )
As at 30 June 2024 -
Depreciation
As at 1 July 2023 537
Disposals (537 )
As at 30 June 2024 -
...CONTINUED
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Net Book Value
As at 30 June 2024 -
As at 1 July 2023 107
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 67,180 127,021
Other debtors 16,953 22,644
84,133 149,665
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2,669
Bank loans and overdrafts 10,246 9,976
Other creditors 43,665 77,453
Taxation and social security 69,643 81,544
123,554 171,642
Included within other creditors at the balance sheet date is a loan of £22,327 owed by the Company to M. Edwards, the director. This loan is free of interest and repayable on demand.
Included within other creditors as at 30 June 2023 is a loan of £40,765 owed by the Company to S. Ravenhall, the former director, which was repaid in full during the current year. This loan was free of interest.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,506 20,765
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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