Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 January 2022 false 1 April 2023 31 March 2024 31 March 2024 05287635 Miss Sharon Richardson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05287635 2023-03-31 05287635 2024-03-31 05287635 2023-04-01 2024-03-31 05287635 frs-core:CurrentFinancialInstruments 2024-03-31 05287635 frs-core:ComputerEquipment 2024-03-31 05287635 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05287635 frs-core:ComputerEquipment 2023-03-31 05287635 frs-core:FurnitureFittings 2024-03-31 05287635 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05287635 frs-core:FurnitureFittings 2023-03-31 05287635 frs-core:ShareCapital 2024-03-31 05287635 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05287635 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05287635 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05287635 frs-bus:SmallEntities 2023-04-01 2024-03-31 05287635 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05287635 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05287635 frs-bus:Director1 2023-04-01 2024-03-31 05287635 frs-countries:EnglandWales 2023-04-01 2024-03-31 05287635 2021-12-31 05287635 2023-03-31 05287635 2022-01-01 2023-03-31 05287635 frs-core:CurrentFinancialInstruments 2023-03-31 05287635 frs-core:ShareCapital 2023-03-31 05287635 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05287635
F3 Consultancy Services Ltd
Financial Statements
For The Year Ended 31 March 2024
Corinthian Tax LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05287635
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,206 561
2,206 561
CURRENT ASSETS
Debtors 5 49,954 47,547
Cash at bank and in hand 148,720 183,031
198,674 230,578
Creditors: Amounts Falling Due Within One Year 6 (92,625 ) (122,391 )
NET CURRENT ASSETS (LIABILITIES) 106,049 108,187
TOTAL ASSETS LESS CURRENT LIABILITIES 108,255 108,748
NET ASSETS 108,255 108,748
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 108,155 108,648
SHAREHOLDERS' FUNDS 108,255 108,748
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 her 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
Miss Sharon Richardson
Director
10/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
F3 Consultancy Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05287635 . The registered office is Lynnfield House, Church Street, Altrincham, WA14 4DZ.
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.
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.
2.3. 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:
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,656 918 2,574
Additions 430 1,728 2,158
As at 31 March 2024 2,086 2,646 4,732
Depreciation
As at 1 April 2023 1,407 606 2,013
Provided during the period 108 405 513
As at 31 March 2024 1,515 1,011 2,526
Net Book Value
As at 31 March 2024 571 1,635 2,206
As at 1 April 2023 249 312 561
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 49,954 47,547
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 10,345 55,224
Corporation tax 27,171 44,895
Other taxes and social security 232 232
VAT 31,627 17,892
Accruals and deferred income 1,500 1,375
Director's loan account 21,750 2,773
92,625 122,391
Page 4