Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11943094 A Sanders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11943094 2023-04-30 11943094 2024-04-30 11943094 2023-05-01 2024-04-30 11943094 frs-core:CurrentFinancialInstruments 2024-04-30 11943094 frs-core:ComputerEquipment 2024-04-30 11943094 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11943094 frs-core:ComputerEquipment 2023-04-30 11943094 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 11943094 frs-core:OtherResidualIntangibleAssets 2024-04-30 11943094 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 11943094 frs-core:OtherResidualIntangibleAssets 2023-04-30 11943094 frs-core:ShareCapital 2024-04-30 11943094 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11943094 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11943094 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11943094 frs-bus:SmallEntities 2023-05-01 2024-04-30 11943094 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11943094 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11943094 frs-bus:Director1 2023-05-01 2024-04-30 11943094 frs-bus:Director1 2023-04-30 11943094 frs-bus:Director1 2024-04-30 11943094 frs-countries:EnglandWales 2023-05-01 2024-04-30 11943094 2022-04-30 11943094 2023-04-30 11943094 2022-05-01 2023-04-30 11943094 frs-core:CurrentFinancialInstruments 2023-04-30 11943094 frs-core:ShareCapital 2023-04-30 11943094 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11943094
My Broker UK Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Future Cloud Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11943094
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,120 1,960
Tangible Assets 5 2,313 1,927
3,433 3,887
CURRENT ASSETS
Debtors 6 61,703 14,675
Cash at bank and in hand 26,169 30,354
87,872 45,029
Creditors: Amounts Falling Due Within One Year 7 (58,895 ) (48,361 )
NET CURRENT ASSETS (LIABILITIES) 28,977 (3,332 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,410 555
PROVISIONS FOR LIABILITIES
Deferred Taxation (858 ) -
NET ASSETS 31,552 555
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 31,452 455
SHAREHOLDERS' FUNDS 31,552 555
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For the year ending 30 April 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 her 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
A Sanders
Director
16/01/2025
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
My Broker UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11943094 . The registered office is 14 Halifax Court Fernwood Business Park, Cross Lane, Newark, Nottinghamshire, NG24 3JP.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are registration and website costs. They are amortised to profit and loss account over its estimated economic life.
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:
Computer Equipment 20% reducing balance
2.5. Taxation
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: 1 (2023: 1)
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4. Intangible Assets
Other
£
Cost
As at 1 May 2023 4,197
As at 30 April 2024 4,197
Amortisation
As at 1 May 2023 2,237
Provided during the period 840
As at 30 April 2024 3,077
Net Book Value
As at 30 April 2024 1,120
As at 1 May 2023 1,960
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 2,207
Additions 2,228
Disposals (1,408 )
As at 30 April 2024 3,027
Depreciation
As at 1 May 2023 280
Provided during the period 508
Disposals (74 )
As at 30 April 2024 714
Net Book Value
As at 30 April 2024 2,313
As at 1 May 2023 1,927
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,163 -
Other debtors 57,540 14,675
61,703 14,675
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 47,900 46,490
Taxation and social security 10,995 1,871
58,895 48,361
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
During the period, the company made a short-term loan to a director. The closing balance as at 30 April 2024 was £48,827 (2022: £12,864). Interest has been charged at the official rate per annum and is payable monthly on any outstanding balance.
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mrs Alison Sanders 12,864 54,680 (20,968 ) - 46,576
10. Related Party Transactions
Included in other creditors is an amount owed of £47,900 (2023: £46,490) to a company controlled by the shareholder.
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