Acorah Software Products - Accounts Production 16.1.200 false true true 31 March 2023 31 March 2022 true No description of principal activity 1 April 2023 31 March 2024 31 March 2024 05445643 David Schluter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05445643 2023-03-31 05445643 2024-03-31 05445643 2023-04-01 2024-03-31 05445643 frs-core:CurrentFinancialInstruments 2024-03-31 05445643 frs-core:Non-currentFinancialInstruments 2024-03-31 05445643 frs-core:ComputerEquipment 2024-03-31 05445643 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05445643 frs-core:ComputerEquipment 2023-03-31 05445643 frs-core:FurnitureFittings 2024-03-31 05445643 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05445643 frs-core:FurnitureFittings 2023-03-31 05445643 frs-core:ShareCapital 2024-03-31 05445643 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05445643 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05445643 frs-bus:FullAccounts 2023-04-01 2024-03-31 05445643 frs-bus:SmallEntities 2023-04-01 2024-03-31 05445643 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05445643 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05445643 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-04-01 2024-03-31 05445643 frs-bus:Director1 2023-04-01 2024-03-31 05445643 frs-bus:Director1 2023-03-31 05445643 frs-bus:Director1 2024-03-31 05445643 frs-countries:EnglandWales 2023-04-01 2024-03-31 05445643 2022-03-30 05445643 2023-03-31 05445643 2022-03-31 2023-03-31 05445643 frs-core:CurrentFinancialInstruments 2023-03-31 05445643 frs-core:Non-currentFinancialInstruments 2023-03-31 05445643 frs-core:ShareCapital 2023-03-31 05445643 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05445643
Fluid I.T. Limited
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Director's Report 2
Profit and Loss Account 3
Balance Sheet 4—5
Notes to the Financial Statements 6—9
Page 1
Company Information
Director David Schluter
Company Number 05445643
Registered Office Old Poplar Library
45 Gillender Street
London
E14 6RN
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 March 2024.
Directors
The director who held office during the year were as follows:
David Schluter
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
David Schluter
Director
19/12/2024
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Page 3
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 3 1,863,436 1,824,911
Cost of sales (651,351 ) (750,652 )
GROSS PROFIT 1,212,085 1,074,259
Administrative expenses (1,286,264 ) (1,150,346 )
Other operating income - 607
OPERATING LOSS 4 (74,179 ) (75,480 )
Other interest receivable and similar income 988 268
Interest payable and similar charges (8,732 ) (5,520 )
LOSS BEFORE TAXATION (81,923 ) (80,732 )
Tax on Loss 8 - (51 )
LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR (81,923 ) (80,783 )
The notes on pages 6 to 9 form part of these financial statements.
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Page 4
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 9 8,242 7,438
8,242 7,438
CURRENT ASSETS
Debtors 10 343,669 141,054
Cash at bank and in hand 125,728 157,808
469,397 298,862
Creditors: Amounts Falling Due Within One Year 11 (592,887 ) (327,885 )
NET CURRENT ASSETS (LIABILITIES) (123,490 ) (29,023 )
TOTAL ASSETS LESS CURRENT LIABILITIES (115,248 ) (21,585 )
Creditors: Amounts Falling Due After More Than One Year 12 (111,398 ) (123,138 )
NET LIABILITIES (226,646 ) (144,723 )
CAPITAL AND RESERVES
Called up share capital 13 5,001 5,001
Profit and Loss Account (231,647 ) (149,724 )
SHAREHOLDERS' FUNDS (226,646) (144,723)
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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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
David Schluter
Director
19/12/2024
The notes on pages 6 to 9 form part of these financial statements.
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Page 6
Notes to the Financial Statements
1. General Information
Fluid I.T. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05445643 . The registered office is Old Poplar Library, 45 Gillender Street, London, E14 6RN.
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 financial statements have been prepared on a going concern basis. The director regards the going concern basis as remaining appropriate since the company is expected to continue to be able to meet its day to day working capital requirements through the cash generated by its principal activity.
2.3. Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.33% straight line
2.5. Presentation currency
The accounts are presented in £ sterling.
3. Turnover
Analysis of turnover by class of business is as follows:
2024 2023
£ £
Engineering 308,522 295,965
Managed Services 1,294,428 1,089,177
Reselling 260,486 439,769
1,863,436 1,824,911
4. Operating Loss
The operating loss is stated after charging:
2024 2023
£ £
Bad debts - 139
Depreciation of tangible fixed assets 3,992 10,426
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5. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2024 2023
£ £
Wages and salaries 939,004 775,400
Social security costs 85,292 75,807
Other pension costs 47,588 39,312
1,071,884 890,519
Included in Wages and salaries is £42,968 relating to payroll errors spanning the period April 2017 to March 2024. These errors, discovered after the balance sheet date, led to underpayments of PAYE to HMRC over the same period. There is £7,953 of late payment interest also recorded in these accounts within Interest Payable, and the corresponding total liability to HMRC of £50,921 is included within Creditors.
6. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 22)
27 22
7. Director's remuneration
2024 2023
£ £
Emoluments 65,312 65,312
Company contributions to money purchase pension schemes 19,950 19,950
85,262 85,262
The number of directors to whom retirement benefits were accruing was as follows:
2024 2023
Money purchase pension schemes 1 -
8. Tax on Profit
The tax charge on the loss for the year was as follows:
2024 2023
£ £
Current tax
UK Corporation Tax - 51
Total tax charge for the period - 51
The actual charge for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:
2024 2023
£ £
Profit before tax (81,923) (80,732)
Tax on profit at 25% (UK standard rate) (7,751 ) (15,339 )
Goodwill/depreciation not allowed for tax 998 1,981
...CONTINUED
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Page 8
Expenses not deductible for tax purposes 414 -
Capital allowances (4,796 ) (7,763 )
Tax losses for which no deferred tax was recognised 11,135 21,070
Total tax charge for the period - (51)
9. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 14,188 22,495 36,683
Additions - 4,797 4,797
Disposals (6,189 ) (15,403 ) (21,592 )
As at 31 March 2024 7,999 11,889 19,888
Depreciation
As at 1 April 2023 12,036 17,209 29,245
Provided during the period 587 3,405 3,992
Disposals (6,189 ) (15,402 ) (21,591 )
As at 31 March 2024 6,434 5,212 11,646
Net Book Value
As at 31 March 2024 1,565 6,677 8,242
As at 1 April 2023 2,152 5,286 7,438
10. Debtors
2024 2023
£ £
Due within one year
Trade debtors 299,580 104,836
Other debtors 44,089 36,218
343,669 141,054
11. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 121,072 127,367
Bank loans and overdrafts 10,972 10,648
Other creditors 335,010 107,730
Taxation and social security 125,833 82,140
592,887 327,885
12. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,804 24,998
Other creditors 96,594 98,140
111,398 123,138
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13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,001 5,001
14. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr David Schluter 75,706 - 1,546 - 74,160
The director has made a loan to the company which is interest free with no fixed date for repayment.
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