Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13219649 Mr Craig Cronin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13219649 2023-02-28 13219649 2024-02-28 13219649 2023-03-01 2024-02-28 13219649 frs-core:CurrentFinancialInstruments 2024-02-28 13219649 frs-core:ComputerEquipment 2023-03-01 2024-02-28 13219649 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13219649 frs-core:PlantMachinery 2023-03-01 2024-02-28 13219649 frs-core:ShareCapital 2024-02-28 13219649 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13219649 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13219649 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13219649 frs-bus:SmallEntities 2023-03-01 2024-02-28 13219649 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 13219649 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13219649 frs-bus:Director1 2023-03-01 2024-02-28 13219649 frs-countries:EnglandWales 2023-03-01 2024-02-28 13219649 2022-02-28 13219649 2023-02-28 13219649 2022-03-01 2023-02-28 13219649 frs-core:CurrentFinancialInstruments 2023-02-28 13219649 frs-core:ShareCapital 2023-02-28 13219649 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13219649
Business Development (Infrastructure) Services Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Business Development (Infrastructure) Services Ltd for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of Business Development (Infrastructure) Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Business Development (Infrastructure) Services Ltd and state those matters that we have agreed to state to the director of Business Development (Infrastructure) Services Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Business Development (Infrastructure) Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Business Development (Infrastructure) Services Ltd . You consider that Business Development (Infrastructure) Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Business Development (Infrastructure) Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Signed
22nd November 2024
Page 1
Page 2
Balance Sheet
Registered number: 13219649
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 - 540
Cash at bank and in hand 3,032 11,318
3,032 11,858
Creditors: Amounts Falling Due Within One Year 5 (73,585 ) (54,980 )
NET CURRENT ASSETS (LIABILITIES) (70,553 ) (43,122 )
TOTAL ASSETS LESS CURRENT LIABILITIES (70,553 ) (43,122 )
NET LIABILITIES (70,553 ) (43,122 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (70,653 ) (43,222 )
SHAREHOLDERS' FUNDS (70,553) (43,122)
For the year ending 28 February 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 Craig Cronin
Director
22nd November 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
Business Development (Infrastructure) Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13219649 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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:
Freehold Amortised over10 years
Plant & Machinery 5 Years Straight Line
Computer Equipment 4 Years Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 540
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 1,364 2,012
VAT 71,735 48,015
Director's loan account 486 4,953
73,585 54,980
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
7. Related Party Transactions
At the balance sheet date, the company owed its directors £486.47. This loan is unsecured, interest free and has no fixed repayment terms.
Page 4