Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 30 September 2024 30 September 2024 09001448 Robert England Claire England Claire England iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09001448 2023-03-31 09001448 2024-09-30 09001448 2023-04-01 2024-09-30 09001448 frs-core:CurrentFinancialInstruments 2024-09-30 09001448 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 09001448 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 09001448 frs-core:FurnitureFittings 2024-09-30 09001448 frs-core:FurnitureFittings 2023-04-01 2024-09-30 09001448 frs-core:FurnitureFittings 2023-03-31 09001448 frs-core:ShareCapital 2024-09-30 09001448 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09001448 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 09001448 frs-bus:FilletedAccounts 2023-04-01 2024-09-30 09001448 frs-bus:SmallEntities 2023-04-01 2024-09-30 09001448 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-30 09001448 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-09-30 09001448 frs-bus:Director1 2023-04-01 2024-09-30 09001448 frs-bus:Director2 2023-04-01 2024-09-30 09001448 frs-bus:CompanySecretary1 2023-04-01 2024-09-30 09001448 frs-countries:EnglandWales 2023-04-01 2024-09-30 09001448 2022-03-31 09001448 2023-03-31 09001448 2022-04-01 2023-03-31 09001448 frs-core:CurrentFinancialInstruments 2023-03-31 09001448 frs-core:ShareCapital 2023-03-31 09001448 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09001448
Cerevent Limited
Financial Statements
For the Period 1 April 2023 to 30 September 2024
Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09001448
30 September 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 762 780
762 780
CURRENT ASSETS
Debtors 6 391 1,236
Cash at bank and in hand 6,140 9,367
6,531 10,603
Creditors: Amounts Falling Due Within One Year 7 (1,128 ) (4,876 )
NET CURRENT ASSETS (LIABILITIES) 5,403 5,727
TOTAL ASSETS LESS CURRENT LIABILITIES 6,165 6,507
PROVISIONS FOR LIABILITIES
Deferred Taxation (145 ) (148 )
NET ASSETS 6,020 6,359
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement 6,018 6,357
SHAREHOLDERS' FUNDS 6,020 6,359
Page 1
Page 2
For the period ending 30 September 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 Income Statement.
On behalf of the board
Robert England
Director
20/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Cerevent Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09001448 . The registered office is The Greenhouse, 106 - 108 Ashbourne Road, Derby, DE22 3AG.
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.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. 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% on reducing balance.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
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4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2023 1,830
As at 30 September 2024 1,830
Amortisation
As at 1 April 2023 1,830
As at 30 September 2024 1,830
Net Book Value
As at 30 September 2024 -
As at 1 April 2023 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 1,611
Additions 164
As at 30 September 2024 1,775
Depreciation
As at 1 April 2023 831
Provided during the period 182
As at 30 September 2024 1,013
Net Book Value
As at 30 September 2024 762
As at 1 April 2023 780
6. Debtors
30 September 2024 31 March 2023
£ £
Due within one year
Trade debtors - 1,236
Other debtors 391 -
391 1,236
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7. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 March 2023
£ £
Trade creditors - 567
Other creditors 500 471
Taxation and social security 628 3,838
1,128 4,876
8. Share Capital
30 September 2024 31 March 2023
£ £
Allotted, Called up and fully paid 2 2
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