Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07964117 Mr Richard Addy Mrs Luba Kassova iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07964117 2023-02-28 07964117 2024-02-29 07964117 2023-03-01 2024-02-29 07964117 frs-core:PlantMachinery 2023-03-01 2024-02-29 07964117 frs-core:ShareCapital 2024-02-29 07964117 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07964117 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07964117 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 07964117 frs-bus:SmallEntities 2023-03-01 2024-02-29 07964117 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07964117 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07964117 frs-bus:Director1 2023-03-01 2024-02-29 07964117 frs-bus:Director1 2023-02-28 07964117 frs-bus:Director1 2024-02-29 07964117 frs-bus:Director2 2023-03-01 2024-02-29 07964117 frs-bus:Director2 2023-02-28 07964117 frs-bus:Director2 2024-02-29 07964117 frs-countries:EnglandWales 2023-03-01 2024-02-29 07964117 2022-02-28 07964117 2023-02-28 07964117 2022-03-01 2023-02-28 07964117 frs-core:ShareCapital 2023-02-28 07964117 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07964117
Addy-Kassova Audience Strategy Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07964117
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 493 1,091
493 1,091
CURRENT ASSETS
Debtors 449,488 350,148
Cash at bank and in hand 8,887 74,603
458,375 424,751
Creditors: Amounts Falling Due Within One Year (97,654 ) (69,449 )
NET CURRENT ASSETS (LIABILITIES) 360,721 355,302
TOTAL ASSETS LESS CURRENT LIABILITIES 361,214 356,393
NET ASSETS 361,214 356,393
CAPITAL AND RESERVES
Called up share capital 5 200 200
Profit and Loss Account 361,014 356,193
SHAREHOLDERS' FUNDS 361,214 356,393
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For the year ending 29 February 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Richard Addy
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Addy-Kassova Audience Strategy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07964117 . The registered office is Suite 3, Grapes House, 79A High Street, Esher, KT10 9QA.
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:
Plant & Machinery 3 years straight line
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 2 (2023: 2)
2 2
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4. Tangible Assets
Total
£
Cost
As at 1 March 2023 7,331
As at 29 February 2024 7,331
Depreciation
As at 1 March 2023 6,240
Provided during the period 598
As at 29 February 2024 6,838
Net Book Value
As at 29 February 2024 493
As at 1 March 2023 1,091
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Richard Addy 250,472 45,249 (2,619 ) - 293,102
Mrs Luba Kassova 28,560 10,567 - - 39,127
Loan made to Director with interest payable at the prescribed HMRC beneficial loan rates.
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