Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 13 March 2022 false 1 May 2023 30 April 2024 30 April 2024 NI687446 Mr Mark McAllister Mr Michael O'Neill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI687446 2023-04-30 NI687446 2024-04-30 NI687446 2023-05-01 2024-04-30 NI687446 frs-core:CurrentFinancialInstruments 2024-04-30 NI687446 frs-core:Non-currentFinancialInstruments 2024-04-30 NI687446 frs-core:ComputerEquipment 2024-04-30 NI687446 frs-core:ComputerEquipment 2023-05-01 2024-04-30 NI687446 frs-core:ComputerEquipment 2023-04-30 NI687446 frs-core:FurnitureFittings 2024-04-30 NI687446 frs-core:FurnitureFittings 2023-05-01 2024-04-30 NI687446 frs-core:FurnitureFittings 2023-04-30 NI687446 frs-core:NetGoodwill 2024-04-30 NI687446 frs-core:NetGoodwill 2023-05-01 2024-04-30 NI687446 frs-core:NetGoodwill 2023-04-30 NI687446 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 NI687446 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 NI687446 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 NI687446 frs-core:MotorVehicles 2024-04-30 NI687446 frs-core:MotorVehicles 2023-05-01 2024-04-30 NI687446 frs-core:MotorVehicles 2023-04-30 NI687446 frs-core:PlantMachinery 2024-04-30 NI687446 frs-core:PlantMachinery 2023-05-01 2024-04-30 NI687446 frs-core:PlantMachinery 2023-04-30 NI687446 frs-core:WithinOneYear 2024-04-30 NI687446 frs-core:ShareCapital 2024-04-30 NI687446 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI687446 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI687446 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 NI687446 frs-bus:SmallEntities 2023-05-01 2024-04-30 NI687446 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NI687446 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI687446 frs-bus:Director1 2023-05-01 2024-04-30 NI687446 frs-bus:Director2 2023-05-01 2024-04-30 NI687446 frs-countries:NorthernIreland 2023-05-01 2024-04-30 NI687446 2022-03-12 NI687446 2023-04-30 NI687446 2022-03-13 2023-04-30 NI687446 frs-core:CurrentFinancialInstruments 2023-04-30 NI687446 frs-core:Non-currentFinancialInstruments 2023-04-30 NI687446 frs-core:BetweenOneFiveYears 2023-04-30 NI687446 frs-core:WithinOneYear 2023-04-30 NI687446 frs-core:ShareCapital 2023-04-30 NI687446 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: NI687446
Trait Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI687446
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,000 9,000
Tangible Assets 5 142,207 77,422
150,207 86,422
CURRENT ASSETS
Debtors 6 14,826 7,506
Cash at bank and in hand 39,102 17,050
53,928 24,556
Creditors: Amounts Falling Due Within One Year 7 (351,429 ) (227,215 )
NET CURRENT ASSETS (LIABILITIES) (297,501 ) (202,659 )
TOTAL ASSETS LESS CURRENT LIABILITIES (147,294 ) (116,237 )
Creditors: Amounts Falling Due After More Than One Year 8 (2,817 ) (6,920 )
NET LIABILITIES (150,111 ) (123,157 )
CAPITAL AND RESERVES
Called up share capital 200 200
Profit and Loss Account (150,311 ) (123,357 )
SHAREHOLDERS' FUNDS (150,111) (123,157)
Page 1
Page 2
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
Mr Mark McAllister
Director
28/01/2025
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
Trait Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI687446 . The registered office is 81 Balmoral Avenue, Belfast , BT9 6NY.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Freehold 2% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 26)
17 26
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Amortisation
As at 1 May 2023 1,000
Provided during the period 1,000
As at 30 April 2024 2,000
...CONTINUED
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Net Book Value
As at 30 April 2024 8,000
As at 1 May 2023 9,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 - 16,086 10,450 68,418
Additions 71,352 - - 16,483
As at 30 April 2024 71,352 16,086 10,450 84,901
Depreciation
As at 1 May 2023 - 3,485 1,811 13,684
Provided during the period 1,152 3,217 2,090 16,497
As at 30 April 2024 1,152 6,702 3,901 30,181
Net Book Value
As at 30 April 2024 70,200 9,384 6,549 54,720
As at 1 May 2023 - 12,601 8,639 54,734
Computer Equipment Total
£ £
Cost
As at 1 May 2023 1,606 96,560
Additions 266 88,101
As at 30 April 2024 1,872 184,661
Depreciation
As at 1 May 2023 158 19,138
Provided during the period 360 23,316
As at 30 April 2024 518 42,454
Net Book Value
As at 30 April 2024 1,354 142,207
As at 1 May 2023 1,448 77,422
6. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Other debtors 14,826 7,506
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7. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,970 2,069
Trade creditors 17,399 703
Bank loans and overdrafts 3,962 2,000
Other creditors 272,735 184,744
Taxation and social security 54,363 37,699
351,429 227,215
8. Creditors: Amounts Falling Due After More Than One Year
30 April 2024 30 April 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,587
Bank loans 2,817 4,333
2,817 6,920
9. Obligations Under Finance Leases and Hire Purchase
30 April 2024 30 April 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,970 2,069
Later than one year and not later than five years - 2,587
2,970 4,656
2,970 4,656
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