Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12527493 Mr Asif Qureshi Ms Zafira Scipioni-Qureshi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12527493 2023-03-31 12527493 2024-03-31 12527493 2023-04-01 2024-03-31 12527493 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12527493 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12527493 frs-core:NetGoodwill 2023-04-01 2024-03-31 12527493 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12527493 frs-core:ShareCapital 2024-03-31 12527493 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12527493 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12527493 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 12527493 frs-bus:SmallEntities 2023-04-01 2024-03-31 12527493 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12527493 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12527493 frs-bus:Director1 2023-04-01 2024-03-31 12527493 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 12527493 frs-countries:EnglandWales 2023-04-01 2024-03-31 12527493 2022-03-31 12527493 2023-03-31 12527493 2022-04-01 2023-03-31 12527493 frs-core:ShareCapital 2023-03-31 12527493 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12527493
Newington Causeway Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12527493
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 220,500 232,750
Tangible Assets 5 88,773 85,627
309,273 318,377
CURRENT ASSETS
Stocks 48,504 46,949
Debtors 108,890 50,697
Cash at bank and in hand 26,555 22,069
183,949 119,715
Creditors: Amounts Falling Due Within One Year (655,782 ) (520,935 )
NET CURRENT ASSETS (LIABILITIES) (471,833 ) (401,220 )
TOTAL ASSETS LESS CURRENT LIABILITIES (162,560 ) (82,843 )
NET LIABILITIES (162,560 ) (82,843 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (162,561 ) (82,844 )
SHAREHOLDERS' FUNDS (162,560) (82,843)
Page 1
Page 2
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 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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Asif Qureshi
Director
19 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Newington Causeway Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12527493 . The registered office is 301 - 303 Borough High Street, London, SE1 1JH.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of  20 years.
2.5. 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:
Leasehold NIL
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
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4. Intangible Assets
Total
£
Cost
As at 1 April 2023 245,000
As at 31 March 2024 245,000
Amortisation
As at 1 April 2023 12,250
Provided during the period 12,250
As at 31 March 2024 24,500
Net Book Value
As at 31 March 2024 220,500
As at 1 April 2023 232,750
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 89,007
Additions 6,015
As at 31 March 2024 95,022
Depreciation
As at 1 April 2023 3,380
Provided during the period 2,869
As at 31 March 2024 6,249
Net Book Value
As at 31 March 2024 88,773
As at 1 April 2023 85,627
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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