Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05734573 Michael Frey Mr Tim Farthing iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05734573 2023-03-31 05734573 2024-03-31 05734573 2023-04-01 2024-03-31 05734573 frs-core:CurrentFinancialInstruments 2024-03-31 05734573 frs-core:Non-currentFinancialInstruments 2024-03-31 05734573 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 05734573 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 05734573 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 05734573 frs-core:FurnitureFittings 2024-03-31 05734573 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05734573 frs-core:FurnitureFittings 2023-03-31 05734573 frs-core:ShareCapital 2024-03-31 05734573 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05734573 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05734573 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05734573 frs-bus:SmallEntities 2023-04-01 2024-03-31 05734573 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05734573 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05734573 frs-bus:Director1 2023-04-01 2024-03-31 05734573 frs-bus:Director2 2023-04-01 2024-03-31 05734573 frs-countries:EnglandWales 2023-04-01 2024-03-31 05734573 2022-03-31 05734573 2023-03-31 05734573 2022-04-01 2023-03-31 05734573 frs-core:CurrentFinancialInstruments 2023-03-31 05734573 frs-core:Non-currentFinancialInstruments 2023-03-31 05734573 frs-core:ShareCapital 2023-03-31 05734573 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05734573
Advantage Publishing (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
The PHLT Group
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05734573
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 73 109
Tangible Assets 5 63 94
136 203
CURRENT ASSETS
Debtors 6 22,146 14,777
Cash at bank and in hand 18,037 26,464
40,183 41,241
Creditors: Amounts Falling Due Within One Year 7 (47,323 ) (38,855 )
NET CURRENT ASSETS (LIABILITIES) (7,140 ) 2,386
TOTAL ASSETS LESS CURRENT LIABILITIES (7,004 ) 2,589
Creditors: Amounts Falling Due After More Than One Year 8 (21,303 ) (23,243 )
NET LIABILITIES (28,307 ) (20,654 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (28,407 ) (20,754 )
SHAREHOLDERS' FUNDS (28,307) (20,654)
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 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 Tim Farthing
Director
12/07/2024
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
Advantage Publishing (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05734573 . The registered office is Genesis Business Centre , Redkiln Way, Horsham, West Sussex, RH13 5QH.
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. 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 33% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2023 4,000
As at 31 March 2024 4,000
Amortisation
As at 1 April 2023 3,891
Provided during the period 36
As at 31 March 2024 3,927
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2024 73
As at 1 April 2023 109
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 2,574
As at 31 March 2024 2,574
Depreciation
As at 1 April 2023 2,480
Provided during the period 31
As at 31 March 2024 2,511
Net Book Value
As at 31 March 2024 63
As at 1 April 2023 94
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,814 14,777
VAT 3,332 -
22,146 14,777
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,550 20,196
VAT - 8,886
Other creditors 6,000 6,000
Directors' loan accounts 3,773 3,773
47,323 38,855
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 21,303 23,243
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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