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 08923453 Mr Stefano Marrone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08923453 2023-03-31 08923453 2024-03-31 08923453 2023-04-01 2024-03-31 08923453 frs-core:CurrentFinancialInstruments 2024-03-31 08923453 frs-core:ComputerEquipment 2024-03-31 08923453 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08923453 frs-core:ComputerEquipment 2023-03-31 08923453 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 08923453 frs-core:FurnitureFittings 2024-03-31 08923453 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08923453 frs-core:FurnitureFittings 2023-03-31 08923453 frs-core:OtherResidualIntangibleAssets 2024-03-31 08923453 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 08923453 frs-core:OtherResidualIntangibleAssets 2023-03-31 08923453 frs-core:SharePremium 2024-03-31 08923453 frs-core:ShareCapital 2024-03-31 08923453 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08923453 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08923453 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08923453 frs-bus:SmallEntities 2023-04-01 2024-03-31 08923453 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08923453 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08923453 frs-bus:Director1 2023-04-01 2024-03-31 08923453 frs-countries:EnglandWales 2023-04-01 2024-03-31 08923453 2022-03-31 08923453 2023-03-31 08923453 2022-04-01 2023-03-31 08923453 frs-core:CurrentFinancialInstruments 2023-03-31 08923453 frs-core:SharePremium 2023-03-31 08923453 frs-core:ShareCapital 2023-03-31 08923453 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08923453
Book On a Tree Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08923453
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,218 9,839
Tangible Assets 5 7,269 7,638
14,487 17,477
CURRENT ASSETS
Debtors 6 512,299 302,780
Cash at bank and in hand 59,376 136,179
571,675 438,959
Creditors: Amounts Falling Due Within One Year 7 (164,237 ) (198,403 )
NET CURRENT ASSETS (LIABILITIES) 407,438 240,556
TOTAL ASSETS LESS CURRENT LIABILITIES 421,925 258,033
NET ASSETS 421,925 258,033
CAPITAL AND RESERVES
Called up share capital 8 180 180
Share premium account 224,580 87,952
Profit and Loss Account 197,165 169,901
SHAREHOLDERS' FUNDS 421,925 258,033
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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 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 Stefano Marrone
Director
3 December 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
Book On a Tree Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08923453 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets comprise of computer software. They are amortised to profit and loss account evenly over their estimated economic life of five years.
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:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.5. 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.
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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 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 14,593
As at 31 March 2024 14,593
Amortisation
As at 1 April 2023 4,754
Provided during the period 2,621
As at 31 March 2024 7,375
Net Book Value
As at 31 March 2024 7,218
As at 1 April 2023 9,839
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 11,298 13,485 24,783
Additions 1,754 - 1,754
As at 31 March 2024 13,052 13,485 26,537
Depreciation
As at 1 April 2023 8,217 8,928 17,145
Provided during the period 984 1,139 2,123
As at 31 March 2024 9,201 10,067 19,268
Net Book Value
As at 31 March 2024 3,851 3,418 7,269
As at 1 April 2023 3,081 4,557 7,638
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 202,810 138,410
Amounts owed by group undertakings 138,967 103,385
Other debtors 170,522 60,985
512,299 302,780
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 94,188 77,945
Bank loans and overdrafts 67,307 17,879
Other creditors 2,500 101,660
Taxation and social security 242 919
164,237 198,403
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 180 180
During the year, the company issued and repurchased some shares meaning there was no overall change to the capital structure.
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