Acorah Software Products - Accounts Production 16.0.110 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04517117 Mr Jason Dooley Mrs Sarah Harwood Sarah Harwood and Jason Dooley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04517117 2023-08-31 04517117 2024-08-31 04517117 2023-09-01 2024-08-31 04517117 frs-core:CurrentFinancialInstruments 2024-08-31 04517117 frs-core:Non-currentFinancialInstruments 2024-08-31 04517117 frs-core:ComputerEquipment 2024-08-31 04517117 frs-core:ComputerEquipment 2023-09-01 2024-08-31 04517117 frs-core:ComputerEquipment 2023-08-31 04517117 frs-core:FurnitureFittings 2024-08-31 04517117 frs-core:FurnitureFittings 2023-09-01 2024-08-31 04517117 frs-core:FurnitureFittings 2023-08-31 04517117 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 04517117 frs-core:ShareCapital 2024-08-31 04517117 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04517117 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04517117 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04517117 frs-bus:SmallEntities 2023-09-01 2024-08-31 04517117 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04517117 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04517117 1 2023-09-01 2024-08-31 04517117 frs-bus:Director1 2023-09-01 2024-08-31 04517117 frs-bus:Director1 2023-08-31 04517117 frs-bus:Director1 2024-08-31 04517117 frs-bus:Director2 2023-09-01 2024-08-31 04517117 frs-bus:Director2 2023-08-31 04517117 frs-bus:Director2 2024-08-31 04517117 frs-countries:EnglandWales 2023-09-01 2024-08-31 04517117 2022-08-31 04517117 2023-08-31 04517117 2022-09-01 2023-08-31 04517117 frs-core:CurrentFinancialInstruments 2023-08-31 04517117 frs-core:Non-currentFinancialInstruments 2023-08-31 04517117 frs-core:ShareCapital 2023-08-31 04517117 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04517117
arc-cs Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04517117
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,128 1,014
1,128 1,014
CURRENT ASSETS
Debtors 5 42,167 70,230
Cash at bank and in hand 46,212 40,711
88,379 110,941
Creditors: Amounts Falling Due Within One Year 6 (82,760 ) (96,414 )
NET CURRENT ASSETS (LIABILITIES) 5,619 14,527
TOTAL ASSETS LESS CURRENT LIABILITIES 6,747 15,541
Creditors: Amounts Falling Due After More Than One Year 7 (5,568 ) (12,309 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (214 ) (193 )
NET ASSETS 965 3,039
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 665 2,739
SHAREHOLDERS' FUNDS 965 3,039
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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 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 Jason Dooley
Director
Mrs Sarah Harwood
Director
27 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
arc-cs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04517117 . The registered office is The Joiners Shop, The Historic Dockyard, Chatham, Kent, ME4 4TZ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
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.
2.4. 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:
Leasehold Not depreciated
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 5,025 23,290 28,315
Additions - 375 375
As at 31 August 2024 5,025 23,665 28,690
Depreciation
As at 1 September 2023 4,739 22,562 27,301
Provided during the period 71 190 261
As at 31 August 2024 4,810 22,752 27,562
Net Book Value
As at 31 August 2024 215 913 1,128
As at 1 September 2023 286 728 1,014
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,759 69,870
Prepayments and accrued income 408 360
42,167 70,230
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,079 41,751
Bank loans and overdrafts 6,660 6,660
Corporation tax 6,858 10,033
Other taxes and social security 953 -
VAT 8,767 15,135
Other creditors 554 957
Directors' loan accounts 17,889 21,878
82,760 96,414
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,568 12,309
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 214 193
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
10. Directors Advances, Credits and Guarantees
Included within Debtors and Creditors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Jason Dooley 20 10,184 10,164 - -
Mrs Sarah Harwood 21,858 4,880 911 - 17,889
The above loan is unsecured, interest free, repayable on demand and ranks equally with other unsecured creditors of the company.
11. Ultimate Controlling Party
The company's ultimate controlling parties are Sarah Harwood and Jason Dooley by virtue of their ownership of 100% of the issued share capital in the company.
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