Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09843812 Mr Andrew Scott Mrs Susan Bellintani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09843812 2023-03-31 09843812 2024-03-31 09843812 2023-04-01 2024-03-31 09843812 frs-core:CurrentFinancialInstruments 2024-03-31 09843812 frs-core:ComputerEquipment 2024-03-31 09843812 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09843812 frs-core:ComputerEquipment 2023-03-31 09843812 frs-core:ShareCapital 2024-03-31 09843812 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09843812 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09843812 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09843812 frs-bus:SmallEntities 2023-04-01 2024-03-31 09843812 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09843812 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09843812 frs-bus:Director1 2023-04-01 2024-03-31 09843812 frs-bus:Director2 2023-04-01 2024-03-31 09843812 frs-countries:EnglandWales 2023-04-01 2024-03-31 09843812 2022-03-31 09843812 2023-03-31 09843812 2022-04-01 2023-03-31 09843812 frs-core:CurrentFinancialInstruments 2023-03-31 09843812 frs-core:ShareCapital 2023-03-31 09843812 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09843812
Brio Research And Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Thomas Tax (Coventry) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09843812
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,079 963
2,079 963
CURRENT ASSETS
Debtors 5 73,365 113,423
Cash at bank and in hand 612,712 537,086
686,077 650,509
Creditors: Amounts Falling Due Within One Year 6 (202,233 ) (188,765 )
NET CURRENT ASSETS (LIABILITIES) 483,844 461,744
TOTAL ASSETS LESS CURRENT LIABILITIES 485,923 462,707
NET ASSETS 485,923 462,707
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 485,913 462,697
SHAREHOLDERS' FUNDS 485,923 462,707
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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 Andrew Scott
Director
15th November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Brio Research And Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09843812 . The registered office is 30 Binley Road, Coventry, CV3 1JA.
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 represents the net invoiced supply of market research services, excluding value added tax.
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 33% on cost
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.
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 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.
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: 5 (2023: 4)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 4,683
Additions 2,188
As at 31 March 2024 6,871
Depreciation
As at 1 April 2023 3,720
Provided during the period 1,072
As at 31 March 2024 4,792
Net Book Value
As at 31 March 2024 2,079
As at 1 April 2023 963
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 71,804 111,508
Prepayments and accrued income 1,561 1,915
73,365 113,423
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 49,013 42,956
Corporation tax 116,582 77,321
Other taxes and social security 2,263 60
VAT 20,892 54,980
Other creditors 636 1,225
Accruals and deferred income 3,635 3,635
Directors' loan accounts 9,212 8,588
202,233 188,765
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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