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 07929776 Edward Johnson Mr Mark Gadsby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07929776 2023-03-31 07929776 2024-03-31 07929776 2023-04-01 2024-03-31 07929776 frs-core:CurrentFinancialInstruments 2024-03-31 07929776 frs-core:ComputerEquipment 2024-03-31 07929776 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07929776 frs-core:ComputerEquipment 2023-03-31 07929776 frs-core:FurnitureFittings 2024-03-31 07929776 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07929776 frs-core:FurnitureFittings 2023-03-31 07929776 frs-core:CapitalRedemptionReserve 2024-03-31 07929776 frs-core:ShareCapital 2024-03-31 07929776 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07929776 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07929776 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07929776 frs-bus:SmallEntities 2023-04-01 2024-03-31 07929776 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07929776 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07929776 frs-bus:Director1 2023-04-01 2024-03-31 07929776 frs-bus:Director2 2023-04-01 2024-03-31 07929776 frs-countries:EnglandWales 2023-04-01 2024-03-31 07929776 2022-03-31 07929776 2023-03-31 07929776 2022-04-01 2023-03-31 07929776 frs-core:CurrentFinancialInstruments 2023-03-31 07929776 frs-core:CapitalRedemptionReserve 2023-03-31 07929776 frs-core:ShareCapital 2023-03-31 07929776 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07929776
Project REM Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 07929776
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,458 5,437
9,458 5,437
CURRENT ASSETS
Debtors 5 492,556 340,967
Cash at bank and in hand 163,947 236,457
656,503 577,424
Creditors: Amounts Falling Due Within One Year 6 (579,339 ) (382,237 )
NET CURRENT ASSETS (LIABILITIES) 77,164 195,187
TOTAL ASSETS LESS CURRENT LIABILITIES 86,622 200,624
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,797 ) (1,033 )
NET ASSETS 84,825 199,591
CAPITAL AND RESERVES
Called up share capital 7 20 20
Capital redemption reserve 10 10
Income Statement 84,795 199,561
SHAREHOLDERS' FUNDS 84,825 199,591
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 Income Statement.
On behalf of the board
Edward Johnson
Director
Mr Mark Gadsby
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
Project REM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07929776 . The registered office is 7 Pride Point Drive, Pride Park, Derby, Derbyshire, DE24 8BX.
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.
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% on reducing balance
Computer Equipment 33% on cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 22 18
22 18
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 5,465 27,242 32,707
Additions 3,528 4,657 8,185
As at 31 March 2024 8,993 31,899 40,892
...CONTINUED
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Page 4
Depreciation
As at 1 April 2023 4,488 22,782 27,270
Provided during the period 1,126 3,038 4,164
As at 31 March 2024 5,614 25,820 31,434
Net Book Value
As at 31 March 2024 3,379 6,079 9,458
As at 1 April 2023 977 4,460 5,437
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 483,444 334,676
Other debtors 9,112 6,291
492,556 340,967
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 311,140 184,224
Other creditors 60,156 47,394
Taxation and social security 208,043 150,619
579,339 382,237
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
Page 4