Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09674454 Mr Joshua Harris Miss Ramona Anghel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09674454 2023-07-31 09674454 2024-07-31 09674454 2023-08-01 2024-07-31 09674454 frs-core:CurrentFinancialInstruments 2024-07-31 09674454 frs-core:ComputerEquipment 2024-07-31 09674454 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09674454 frs-core:ComputerEquipment 2023-07-31 09674454 frs-core:FurnitureFittings 2024-07-31 09674454 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09674454 frs-core:FurnitureFittings 2023-07-31 09674454 frs-core:ShareCapital 2024-07-31 09674454 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09674454 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09674454 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09674454 frs-bus:SmallEntities 2023-08-01 2024-07-31 09674454 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09674454 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09674454 frs-core:UnlistedNon-exchangeTraded 2024-07-31 09674454 frs-core:UnlistedNon-exchangeTraded 2023-07-31 09674454 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 09674454 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 09674454 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 09674454 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 09674454 frs-bus:Director1 2023-08-01 2024-07-31 09674454 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 09674454 frs-countries:EnglandWales 2023-08-01 2024-07-31 09674454 2022-07-31 09674454 2023-07-31 09674454 2022-08-01 2023-07-31 09674454 frs-core:CurrentFinancialInstruments 2023-07-31 09674454 frs-core:ShareCapital 2023-07-31 09674454 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09674454
ALGORYTHM LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09674454
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,109 5,208
Investments 5 2,030 2,030
8,139 7,238
CURRENT ASSETS
Debtors 6 9,300 4,000
Cash at bank and in hand 101,223 88,199
110,523 92,199
Creditors: Amounts Falling Due Within One Year 7 (27,026 ) (24,326 )
NET CURRENT ASSETS (LIABILITIES) 83,497 67,873
TOTAL ASSETS LESS CURRENT LIABILITIES 91,636 75,111
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,343 ) (1,145 )
NET ASSETS 90,293 73,966
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 90,193 73,866
SHAREHOLDERS' FUNDS 90,293 73,966
Page 1
Page 2
For the year ending 31 July 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 Joshua Harris
Director
24/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ALGORYTHM LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09674454 . The registered office is 119 Belvedere Road, Bexleyheath, Kent, DA7 4PA.
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.
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:
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 2 (2023: 1)
2 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 174 9,008 9,182
Additions 267 1,715 1,982
As at 31 July 2024 441 10,723 11,164
Depreciation
As at 1 August 2023 97 3,877 3,974
Provided during the period 52 1,029 1,081
As at 31 July 2024 149 4,906 5,055
Net Book Value
As at 31 July 2024 292 5,817 6,109
As at 1 August 2023 77 5,131 5,208
5. Investments
Unlisted
£
Cost
As at 1 August 2023 2,030
As at 31 July 2024 2,030
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 2,030
As at 1 August 2023 2,030
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,300 4,000
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 650 649
Corporation tax 20,004 18,375
Other taxes and social security 784 -
VAT 5,408 4,818
Director's loan account 180 484
27,026 24,326
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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