Acorah Software Products - Accounts Production 15.0.500 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12516152 Guy Kevin Barnes Kevin O'Neill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12516152 2023-03-31 12516152 2024-03-31 12516152 2023-04-01 2024-03-31 12516152 frs-core:CurrentFinancialInstruments 2024-03-31 12516152 frs-core:ShareCapital 2024-03-31 12516152 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12516152 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12516152 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12516152 frs-bus:SmallEntities 2023-04-01 2024-03-31 12516152 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12516152 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12516152 frs-bus:Director1 2023-04-01 2024-03-31 12516152 frs-bus:Director2 2023-04-01 2024-03-31 12516152 frs-countries:EnglandWales 2023-04-01 2024-03-31 12516152 2022-03-31 12516152 2023-03-31 12516152 2022-04-01 2023-03-31 12516152 frs-core:CurrentFinancialInstruments 2023-03-31 12516152 frs-core:ShareCapital 2023-03-31 12516152 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12516152
Acertitude Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Fusion Accountants Ltd
ICAEW, ATT
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Guy Kevin Barnes
Kevin O'Neill
Company Number 12516152
Registered Office 15 Stratton Street
London
England
W1J 8LQ
Accountants Fusion Accountants Ltd
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Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Acertitude Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Acertitude Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Acertitude Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Acertitude Limited and state those matters that we have agreed to state to the directors of Acertitude Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acertitude Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Acertitude Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Acertitude Limited . You consider that Acertitude Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Acertitude Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13/11/2024
Fusion Accountants Ltd
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Balance Sheet
Registered number: 12516152
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,819,318 3,251,061
Cash at bank and in hand 126,988 308,641
2,946,306 3,559,702
Creditors: Amounts Falling Due Within One Year 5 (7,786,668 ) (5,341,317 )
NET CURRENT ASSETS (LIABILITIES) (4,840,362 ) (1,781,615 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,840,362 ) (1,781,615 )
NET LIABILITIES (4,840,362 ) (1,781,615 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (4,840,363 ) (1,781,616 )
SHAREHOLDERS' FUNDS (4,840,362) (1,781,615)
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.
The financial statements were approved by the board of directors on 13 November 2024 and were signed on its behalf by:
Guy Kevin Barnes
Director
13/11/2024
The notes on pages 4 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Acertitude Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12516152 . The registered office is 15 Stratton Street, London, England, W1J 8LQ.
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.
Presentation currency
Monetary figures for this client's accounts will be reported in United Kingdom, Pounds sterling £.
2.2. Going Concern Disclosure
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
It is your duty to ensure that Acertitude Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company.
You consider that Acertitude Limited is exempt from the statutory audit requirement for the year. We draw your attention to note 2 to the financial statements. The company is reliant upon the continued financial support of its directors, shareholders and related parties. The financial statements do not include any adjustments that would result if the company were unable to continue as going concern.
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 17)
16 17
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,050,231 1,649,659
Prepayments and accrued income 103,149 304,854
VAT 76,084 -
Amounts owed by group undertakings 1,589,854 1,296,548
2,819,318 3,251,061
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 166,182 81,925
Other taxes and social security - 104,421
Other creditors 380,576 19,809
Accruals and deferred income 1,985,324 1,798,785
Amounts owed to group undertakings 5,254,586 3,336,377
7,786,668 5,341,317
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
  1 Ordinary shares of £1 each
7. Related Party Transactions
ACERTITUDE LLC based in the US is the ultimate controlling party of ACERTITUDE LIMITED (UK). 
ACERTITUDE LLC owes ACERTITUDE LIMITED £1,589,854.03 as at 31/03/2024. (Shown in amounts owed by group undertakings)
ACERTITUDE LIMITED owes ACERTITUDE LLC £5,254,586.03 as at 31/03/2024. (Shown in amounts owed to group undertakings)
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