Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06271067 Mrs Tracy Dibb Mr Phil Dibb Mr Phil Dibb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06271067 2023-04-30 06271067 2024-04-30 06271067 2023-05-01 2024-04-30 06271067 frs-core:ComputerEquipment 2024-04-30 06271067 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06271067 frs-core:ComputerEquipment 2023-04-30 06271067 frs-core:FurnitureFittings 2024-04-30 06271067 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06271067 frs-core:FurnitureFittings 2023-04-30 06271067 frs-core:ShareCapital 2024-04-30 06271067 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06271067 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06271067 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06271067 frs-bus:SmallEntities 2023-05-01 2024-04-30 06271067 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06271067 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06271067 frs-core:ListedExchangeTraded 2024-04-30 06271067 frs-core:ListedExchangeTraded 2023-04-30 06271067 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-04-30 06271067 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-04-30 06271067 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-04-30 06271067 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:ListedExchangeTraded 2024-04-30 06271067 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-04-30 06271067 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-04-30 06271067 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-04-30 06271067 frs-bus:Director1 2023-05-01 2024-04-30 06271067 frs-bus:Director2 2023-05-01 2024-04-30 06271067 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06271067 frs-countries:EnglandWales 2023-05-01 2024-04-30 06271067 2022-04-30 06271067 2023-04-30 06271067 2022-05-01 2023-04-30 06271067 frs-core:ShareCapital 2023-04-30 06271067 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06271067
Compliance News Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06271067
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,917 2,893
Investments 5 45,200 57,039
48,117 59,932
CURRENT ASSETS
Debtors 6 - 3,201
Cash at bank and in hand 196 851
196 4,052
Creditors: Amounts Falling Due Within One Year 7 (7,840 ) (8,620 )
NET CURRENT ASSETS (LIABILITIES) (7,644 ) (4,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,473 55,364
NET ASSETS 40,473 55,364
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 39,473 54,364
SHAREHOLDERS' FUNDS 40,473 55,364
Page 1
Page 2
For the year ending 30 April 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 Phil Dibb
Director
24/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Compliance News Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06271067 . The registered office is 14 Egerton Terrace, Rawdon, Leeds, LS19 6QA.
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.
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:
Fixtures & Fittings 15% @ Reducing Balance
Computer Equipment 20% @ Reducing Balance
2.4. Investments
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 4,849 8,168 13,017
Additions - 600 600
As at 30 April 2024 4,849 8,768 13,617
Depreciation
As at 1 May 2023 3,596 6,528 10,124
Provided during the period 188 388 576
As at 30 April 2024 3,784 6,916 10,700
Net Book Value
As at 30 April 2024 1,065 1,852 2,917
As at 1 May 2023 1,253 1,640 2,893
Page 3
Page 4
5. Investments
Listed
£
Cost
As at 1 May 2023 57,039
Additions 23,631
Disposals (31,613 )
Fair value adjustments (3,857 )
As at 30 April 2024 45,200
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 45,200
As at 1 May 2023 57,039
6. Debtors
2024 2023
as restated
£ £
Due within one year
Other debtors - 3,201
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Other creditors 7,840 8,620
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4