Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 31 August 2024 31 August 2024 12481429 Mr N J Peters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12481429 2023-02-28 12481429 2024-08-31 12481429 2023-03-01 2024-08-31 12481429 frs-core:ComputerEquipment 2023-03-01 2024-08-31 12481429 frs-core:OtherReservesSubtotal 2024-08-31 12481429 frs-core:ShareCapital 2024-08-31 12481429 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12481429 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-08-31 12481429 frs-bus:AbridgedAccounts 2023-03-01 2024-08-31 12481429 frs-bus:SmallEntities 2023-03-01 2024-08-31 12481429 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-08-31 12481429 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-08-31 12481429 frs-bus:Director1 2023-03-01 2024-08-31 12481429 frs-bus:Director1 2023-02-28 12481429 frs-bus:Director1 2024-08-31 12481429 frs-countries:EnglandWales 2023-03-01 2024-08-31 12481429 2022-02-28 12481429 2023-02-28 12481429 2022-03-01 2023-02-28 12481429 frs-core:OtherReservesSubtotal 2023-02-28 12481429 frs-core:ShareCapital 2023-02-28 12481429 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12481429
NJ Peters Financial Management Ltd
Unaudited ABRIDGED Financial Statements
For the Period 1 March 2023 to 31 August 2024
MJK Accountants Ltd
Unit 9 Barnack Business Centre Blakey Road
Salisbury
Wiltshire
SP1 2LP
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 12481429
31 August 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 964
- 964
CURRENT ASSETS
Debtors 582 1,690
Cash at bank and in hand 3,337 2,422
3,919 4,112
Creditors: Amounts Falling Due Within One Year (5,950 ) (1,009 )
NET CURRENT ASSETS (LIABILITIES) (2,031 ) 3,103
TOTAL ASSETS LESS CURRENT LIABILITIES (2,031 ) 4,067
NET (LIABILITIES)/ASSETS (2,031 ) 4,067
CAPITAL AND RESERVES
Called up share capital 5 1 1
Other reserves 5,000 5,000
Income Statement (7,032 ) (934 )
SHAREHOLDERS' FUNDS (2,031) 4,067
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For the period ending 31 August 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr N J Peters
Director
06/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
NJ Peters Financial Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12481429 . The registered office is 8 Meadowside, Tilehurst, Reading, RG31 5QE.
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 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:
Computer Equipment 25% straight line
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.
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 period was: 1 (2023: 1)
1 1
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4. Tangible Assets
Total
£
Cost
As at 1 March 2023 2,795
Disposals (2,795 )
As at 31 August 2024 -
Depreciation
As at 1 March 2023 1,831
Provided during the period 799
Disposals (2,630 )
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 -
As at 1 March 2023 964
5. Share Capital
31 August 2024 28 February 2023
£ £
Allotted, Called up and fully paid 1 1
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Neil Peters 1,576 577 2,153 - -
The above loan is unsecured, interest free and repayable on demand. 
7. Reserves
Subordinated loan
On 24th July 2020 Mr Neil Peters, director, provided funds to the company of £5,000 in the form of a subordinated loan. This was to meet a requirement of the Financial Conduct Authority.
8. Post Balance Sheet Events
The company ceased trading on 31 August 2024.
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