Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10709649 Maris Balodis Ronalds Birznieks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10709649 2023-04-30 10709649 2024-04-30 10709649 2023-05-01 2024-04-30 10709649 frs-core:CurrentFinancialInstruments 2024-04-30 10709649 frs-core:Non-currentFinancialInstruments 2024-04-30 10709649 frs-core:FurnitureFittings 2024-04-30 10709649 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10709649 frs-core:FurnitureFittings 2023-04-30 10709649 frs-core:ShareCapital 2024-04-30 10709649 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10709649 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10709649 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10709649 frs-bus:SmallEntities 2023-05-01 2024-04-30 10709649 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10709649 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10709649 frs-bus:Director1 2023-05-01 2024-04-30 10709649 frs-bus:Director2 2023-05-01 2024-04-30 10709649 frs-countries:EnglandWales 2023-05-01 2024-04-30 10709649 2022-04-30 10709649 2023-04-30 10709649 2022-05-01 2023-04-30 10709649 frs-core:CurrentFinancialInstruments 2023-04-30 10709649 frs-core:Non-currentFinancialInstruments 2023-04-30 10709649 frs-core:ShareCapital 2023-04-30 10709649 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10709649
BBCO Group Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10709649
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 571 761
571 761
CURRENT ASSETS
Debtors 5 130,229 41,160
Cash at bank and in hand 340 19,434
130,569 60,594
Creditors: Amounts Falling Due Within One Year 6 (5,686 ) (4,735 )
NET CURRENT ASSETS (LIABILITIES) 124,883 55,859
TOTAL ASSETS LESS CURRENT LIABILITIES 125,454 56,620
Creditors: Amounts Falling Due After More Than One Year 7 (79,170 ) (9,645 )
NET ASSETS 46,284 46,975
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 46,282 46,973
SHAREHOLDERS' FUNDS 46,284 46,975
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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 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
Maris Balodis
Director
23 January 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
BBCO Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10709649 . The registered office is 809 Salisbury House Finsbury Circus, London, EC2M 7AQ.
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. 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:
Furniture, fixtures and equipment 25% Reducing Balance Method
2.3. 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 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.
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 asset reflects 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: 2 (2023: 2)
2 2
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4. Tangible Assets
Furniture, fixtures and equipment
£
Cost
As at 1 May 2023 3,528
As at 30 April 2024 3,528
Depreciation
As at 1 May 2023 2,767
Provided during the period 190
As at 30 April 2024 2,957
Net Book Value
As at 30 April 2024 571
As at 1 May 2023 761
5. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable 10,252 10,252
Directors' loan accounts - 11,278
Amounts owed by other related parties 8,233 19,630
18,485 41,160
Due after more than one year
Amounts owed by other related parties (Debtors > 1 year) 111,744 -
130,229 41,160
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,064 3,963
Corporation tax - 172
Accruals and deferred income 600 600
Directors' loan accounts 22 -
Amounts owed to related parties 1,000 -
5,686 4,735
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,581 9,645
Amounts owed to related parties 73,589 -
79,170 9,645
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Included in debtors due within one year is an amount of £8,233 (2023: £19,630) due from companies in which the directors have beneficial interest. Interest has been charged at 6% per annum on the outstanding loan balance of £7,433 to SIA Qticket & no interest has been charged on outstanding loan balance of £800 to SPE1 Ltd.
Included in debtors due after more than one year is an amount of £111,744 owed by a company in which the directors have beneficial interest. Interest has been charged at 4.5% per annum on the loan.
Included in creditors due after more than one year is an amount of £73,589 owed to a company in which the directors have beneficial interest. Interest has been charged at 4.5% per annum on the loan.
Included in creditors due within one year is an amount of £1,000 owed to companies in which the directors have beneficial interest. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £22 owed to its directors. The amount is interest free and repayable on demand.
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