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 12413851 Mr Richard Day iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12413851 2023-03-31 12413851 2024-03-31 12413851 2023-04-01 2024-03-31 12413851 frs-core:CurrentFinancialInstruments 2024-03-31 12413851 frs-core:Non-currentFinancialInstruments 2024-03-31 12413851 frs-core:ComputerEquipment 2024-03-31 12413851 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12413851 frs-core:ComputerEquipment 2023-03-31 12413851 frs-core:FurnitureFittings 2024-03-31 12413851 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12413851 frs-core:FurnitureFittings 2023-03-31 12413851 frs-core:NetGoodwill 2024-03-31 12413851 frs-core:NetGoodwill 2023-04-01 2024-03-31 12413851 frs-core:NetGoodwill 2023-03-31 12413851 frs-core:ShareCapital 2024-03-31 12413851 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12413851 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12413851 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12413851 frs-bus:SmallEntities 2023-04-01 2024-03-31 12413851 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12413851 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12413851 frs-bus:Director1 2023-04-01 2024-03-31 12413851 frs-countries:EnglandWales 2023-04-01 2024-03-31 12413851 2022-03-31 12413851 2023-03-31 12413851 2022-04-01 2023-03-31 12413851 frs-core:CurrentFinancialInstruments 2023-03-31 12413851 frs-core:Non-currentFinancialInstruments 2023-03-31 12413851 frs-core:ShareCapital 2023-03-31 12413851 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12413851
Richard Day Accountants Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12413851
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,666 125,833
Tangible Assets 5 4,389 4,577
105,055 130,410
CURRENT ASSETS
Debtors 6 46,710 44,169
Cash at bank and in hand 270,574 204,707
317,284 248,876
Creditors: Amounts Falling Due Within One Year 7 (134,653 ) (88,007 )
NET CURRENT ASSETS (LIABILITIES) 182,631 160,869
TOTAL ASSETS LESS CURRENT LIABILITIES 287,686 291,279
Creditors: Amounts Falling Due After More Than One Year 8 (100,000 ) (140,000 )
NET ASSETS 187,686 151,279
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 187,586 151,179
SHAREHOLDERS' FUNDS 187,686 151,279
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.
On behalf of the board
Mr Richard Day
Director
20/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Richard Day Accountants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12413851 . The registered office is The Cottage, 87 Yarmouth Road, Norwich, NR7 0HF.
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.


2.3. 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 8 years.
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 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Taxation
Corporation 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 201,333
As at 31 March 2024 201,333
Amortisation
As at 1 April 2023 75,500
Provided during the period 25,167
As at 31 March 2024 100,667
Net Book Value
As at 31 March 2024 100,666
As at 1 April 2023 125,833
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 3,074 6,737 9,811
Additions 226 1,048 1,274
As at 31 March 2024 3,300 7,785 11,085
Depreciation
As at 1 April 2023 1,743 3,491 5,234
Provided during the period 389 1,073 1,462
As at 31 March 2024 2,132 4,564 6,696
Net Book Value
As at 31 March 2024 1,168 3,221 4,389
As at 1 April 2023 1,331 3,246 4,577
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,835 28,898
Prepayments and accrued income 21,875 15,271
46,710 44,169
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 52,066 43,514
VAT 22,988 24,403
Other creditors 51,000 2,633
Accruals and deferred income 8,599 17,457
134,653 88,007
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 100,000 140,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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