Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09573693 Mr Charlie Unwin Ms Rose Bancroft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09573693 2023-05-31 09573693 2024-05-31 09573693 2023-06-01 2024-05-31 09573693 frs-core:Non-currentFinancialInstruments 2024-05-31 09573693 frs-core:ComputerEquipment 2024-05-31 09573693 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09573693 frs-core:ComputerEquipment 2023-05-31 09573693 frs-core:FurnitureFittings 2024-05-31 09573693 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09573693 frs-core:FurnitureFittings 2023-05-31 09573693 frs-core:MotorVehicles 2024-05-31 09573693 frs-core:MotorVehicles 2023-06-01 2024-05-31 09573693 frs-core:MotorVehicles 2023-05-31 09573693 frs-core:ShareCapital 2024-05-31 09573693 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09573693 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09573693 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09573693 frs-bus:SmallEntities 2023-06-01 2024-05-31 09573693 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09573693 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09573693 frs-core:UnlistedNon-exchangeTraded 2024-05-31 09573693 frs-core:UnlistedNon-exchangeTraded 2023-05-31 09573693 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 09573693 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 09573693 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 09573693 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 09573693 frs-bus:Director1 2023-06-01 2024-05-31 09573693 frs-bus:Director2 2023-06-01 2024-05-31 09573693 frs-countries:EnglandWales 2023-06-01 2024-05-31 09573693 2022-05-31 09573693 2023-05-31 09573693 2022-06-01 2023-05-31 09573693 frs-core:Non-currentFinancialInstruments 2023-05-31 09573693 frs-core:ShareCapital 2023-05-31 09573693 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09573693
Performance Legacy Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
KFH Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09573693
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,794 29,784
Investments 5 45,000 45,000
67,794 74,784
CURRENT ASSETS
Debtors 29,654 101,085
Cash at bank and in hand 32,803 21,039
62,457 122,124
Creditors: Amounts Falling Due Within One Year (36,977 ) (53,368 )
NET CURRENT ASSETS (LIABILITIES) 25,480 68,756
TOTAL ASSETS LESS CURRENT LIABILITIES 93,274 143,540
Creditors: Amounts Falling Due After More Than One Year (23,784 ) (35,483 )
NET ASSETS 69,490 108,057
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 69,488 108,055
SHAREHOLDERS' FUNDS 69,490 108,057
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Page 2
For the year ending 31 May 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 Charlie Unwin
Director
16/01/2025
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
Performance Legacy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09573693 . The registered office is 15 Goldwater Springs, Nailsworth, Stroud, GL6 0AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 including 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 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.
2.3. 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 25% reducing balance
Fixtures & Fittings 33% straightline basis
Computer Equipment 33% straightline basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.

Current 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 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:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 29,957 11,729 1,742 43,428
Additions - 853 - 853
As at 31 May 2024 29,957 12,582 1,742 44,281
Depreciation
As at 1 June 2023 624 11,351 1,669 13,644
Provided during the period 7,333 473 37 7,843
As at 31 May 2024 7,957 11,824 1,706 21,487
...CONTINUED
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Net Book Value
As at 31 May 2024 22,000 758 36 22,794
As at 1 June 2023 29,333 378 73 29,784
5. Investments
Unlisted
£
Cost
As at 1 June 2023 45,000
As at 31 May 2024 45,000
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 45,000
As at 1 June 2023 45,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Additional Notes to the Accounts
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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