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 NI642645 Mr Paul Jenkinson Mr Andrew Mccartney Mr Andrew Webber Mr Glenn McClements Mrs Elizma Knowles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI642645 2023-03-31 NI642645 2024-03-31 NI642645 2023-04-01 2024-03-31 NI642645 frs-core:CurrentFinancialInstruments 2024-03-31 NI642645 frs-core:OtherReservesSubtotal 2024-03-31 NI642645 frs-core:SharePremium 2024-03-31 NI642645 frs-core:ShareCapital 2024-03-31 NI642645 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI642645 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI642645 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 NI642645 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI642645 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI642645 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI642645 frs-core:UnlistedNon-exchangeTraded 2024-03-31 NI642645 frs-core:UnlistedNon-exchangeTraded 2023-03-31 NI642645 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 NI642645 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 NI642645 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 NI642645 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 NI642645 frs-bus:Director1 2023-04-01 2024-03-31 NI642645 frs-bus:Director2 2023-04-01 2024-03-31 NI642645 frs-bus:Director3 2023-04-01 2024-03-31 NI642645 frs-bus:Director4 2023-04-01 2024-03-31 NI642645 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 NI642645 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI642645 2022-03-31 NI642645 2023-03-31 NI642645 2022-04-01 2023-03-31 NI642645 frs-core:CurrentFinancialInstruments 2023-03-31 NI642645 frs-core:OtherReservesSubtotal 2023-03-31 NI642645 frs-core:SharePremium 2023-03-31 NI642645 frs-core:ShareCapital 2023-03-31 NI642645 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI642645
Whitespace Global Limited
Financial Statements
For The Year Ended 31 March 2024
Jenson Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI642645
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 3,343,992 3,343,992
3,343,992 3,343,992
CURRENT ASSETS
Debtors 5 5,243,752 3,597,838
Cash at bank and in hand 10,507 130,625
5,254,259 3,728,463
Creditors: Amounts Falling Due Within One Year 6 (2,089,242 ) (1,133,188 )
NET CURRENT ASSETS (LIABILITIES) 3,165,017 2,595,275
TOTAL ASSETS LESS CURRENT LIABILITIES 6,509,009 5,939,267
NET ASSETS 6,509,009 5,939,267
CAPITAL AND RESERVES
Called up share capital 7 846 831
Share premium account 4,246,443 3,676,716
Other reserves 2,479,561 2,479,561
Profit and Loss Account (217,841 ) (217,841 )
SHAREHOLDERS' FUNDS 6,509,009 5,939,267
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 Paul Jenkinson
Director
28/11/2024
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
Whitespace Global Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI642645 . The registered office is River House Clockwise Offices, 48 - 60 High Street, Belfast, BT1 2BE.
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2023: 30)
36 30
4. Investments
Unlisted
£
Cost
As at 1 April 2023 3,343,992
As at 31 March 2024 3,343,992
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 3,343,992
As at 1 April 2023 3,343,992
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 21,428
Other debtors 5,240,697 3,576,256
Net wages 3,055 154
5,243,752 3,597,838
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 622,673 246,010
Other loans 677,004 -
Other taxes and social security 275,766 367,148
VAT 289,064 423,198
Other creditors 27,466 29,998
Accruals and deferred income 159,486 66,834
Directors' loan accounts 37,783 -
2,089,242 1,133,188
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 846 831
Page 4