Acorah Software Products - Accounts Production 16.1.200 false true 31 January 2024 1 February 2023 false 1 February 2024 31 March 2024 31 March 2024 10570723 Mr James Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10570723 2024-01-31 10570723 2024-03-31 10570723 2024-02-01 2024-03-31 10570723 frs-core:CurrentFinancialInstruments 2024-03-31 10570723 frs-core:Non-currentFinancialInstruments 2024-03-31 10570723 frs-core:ComputerEquipment 2024-03-31 10570723 frs-core:ComputerEquipment 2024-02-01 2024-03-31 10570723 frs-core:ComputerEquipment 2024-01-31 10570723 frs-core:MotorVehicles 2024-03-31 10570723 frs-core:MotorVehicles 2024-02-01 2024-03-31 10570723 frs-core:MotorVehicles 2024-01-31 10570723 frs-core:ShareCapital 2024-03-31 10570723 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10570723 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2024-03-31 10570723 frs-bus:FilletedAccounts 2024-02-01 2024-03-31 10570723 frs-bus:SmallEntities 2024-02-01 2024-03-31 10570723 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2024-03-31 10570723 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2024-03-31 10570723 frs-bus:Director1 2024-02-01 2024-03-31 10570723 frs-countries:EnglandWales 2024-02-01 2024-03-31 10570723 2023-01-31 10570723 2024-01-31 10570723 2023-02-01 2024-01-31 10570723 frs-core:CurrentFinancialInstruments 2024-01-31 10570723 frs-core:Non-currentFinancialInstruments 2024-01-31 10570723 frs-core:ShareCapital 2024-01-31 10570723 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 10570723
Wisetax Ai Ltd
Unaudited Financial Statements
For the Period 1 February 2024 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10570723
31 March 2024 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,750 30,750
27,750 30,750
CURRENT ASSETS
Debtors 5 17,932 1
Cash at bank and in hand 486 143
18,418 144
Creditors: Amounts Falling Due Within One Year 6 (31,750 ) (31,750 )
NET CURRENT ASSETS (LIABILITIES) (13,332 ) (31,606 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,418 (856 )
Creditors: Amounts Falling Due After More Than One Year 7 (871,928 ) (870,410 )
NET LIABILITIES (857,510 ) (871,266 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (857,511 ) (871,267 )
SHAREHOLDERS' FUNDS (857,510) (871,266)
Page 1
Page 2
For the period 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 James Johnson
Director
27/12/2024
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
Wisetax Ai Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10570723 . The registered office is 167-169 (5th Floor) Great Portland Street, London, W1W 5PF.
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:
Motor Vehicles WDV18%
Computer Equipment 40%
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2024: 1)
3 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 31,750 23,571 55,321
As at 31 March 2024 31,750 23,571 55,321
Depreciation
As at 1 February 2024 5,715 18,856 24,571
Provided during the period 1,429 1,571 3,000
As at 31 March 2024 7,144 20,427 27,571
Net Book Value
As at 31 March 2024 24,606 3,144 27,750
As at 1 February 2024 26,035 4,715 30,750
Page 3
Page 4
5. Debtors
31 March 2024 31 January 2024
£ £
Due within one year
Other debtors 17,932 1
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 January 2024
£ £
Other creditors 31,750 31,750
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 January 2024
£ £
Other creditors 871,928 870,410
8. Share Capital
31 March 2024 31 January 2024
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
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