Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 2998807 Mr A Adams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 2998807 2023-08-31 2998807 2024-08-31 2998807 2023-09-01 2024-08-31 2998807 frs-core:CurrentFinancialInstruments 2024-08-31 2998807 frs-core:Non-currentFinancialInstruments 2024-08-31 2998807 frs-core:ShareCapital 2024-08-31 2998807 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 2998807 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 2998807 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 2998807 frs-bus:SmallEntities 2023-09-01 2024-08-31 2998807 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 2998807 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 2998807 frs-bus:Director1 2023-09-01 2024-08-31 2998807 frs-countries:EnglandWales 2023-09-01 2024-08-31 2998807 2022-08-31 2998807 2023-08-31 2998807 2022-09-01 2023-08-31 2998807 frs-core:CurrentFinancialInstruments 2023-08-31 2998807 frs-core:Non-currentFinancialInstruments 2023-08-31 2998807 frs-core:ShareCapital 2023-08-31 2998807 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 2998807
Partager Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 2998807
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 32,674 -
Debtors 5 17,022 170,064
Cash at bank and in hand 1 21,536
49,697 191,600
Creditors: Amounts Falling Due Within One Year 6 (36,541 ) (173,477 )
NET CURRENT ASSETS (LIABILITIES) 13,156 18,123
TOTAL ASSETS LESS CURRENT LIABILITIES 13,156 18,123
Creditors: Amounts Falling Due After More Than One Year 7 (8,107 ) (18,116 )
NET ASSETS 5,049 7
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 5,047 5
SHAREHOLDERS' FUNDS 5,049 7
Page 1
Page 2
For the year ending 31 August 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 A Adams
Director
19/11/2024
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
Partager Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2998807 . The registered office is Kemp House, 152-160 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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.
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 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.
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 asset reflects 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:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
4. Stocks
2024 2023
£ £
Stock 32,674 -
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 41,809
Prepayments and accrued income - 117,000
Other debtors 7,067 1,300
Director's loan account 9,955 9,955
17,022 170,064
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 108,892
Bank loans and overdrafts 19,236 10,000
Corporation tax 8,781 7,682
Other taxes and social security 8,477 13,055
VAT 46 26,648
Accruals and deferred income - 7,200
36,541 173,477
During the year ended 31 August 2020 the company took out a 5-year £50,000 Bounce Back Loan, which is guaranteed by the UK Government. No value or accounting recognition has been given to the guarantee provided by the UK Government. There is automatically one year with no repayments or interest charged. Interest is charged at 2.5% p.a. and monthly repayments start one year after the drawdown of the loan.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,107 18,116
During the year ended 31 August 2020 the company took out a 5-year £50,000 Bounce Back Loan, which is guaranteed by the UK Government. No value or accounting recognition has been given to the guarantee provided by the UK Government. There is automatically one year with no repayments or interest charged. Interest is charged at 2.5% p.a. and monthly repayments start one year after the drawdown of the loan.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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