Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 00841151 Mrs Patricia Byrne Ms Sarah Ware iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00841151 2023-06-30 00841151 2024-06-30 00841151 2023-07-01 2024-06-30 00841151 frs-core:CurrentFinancialInstruments 2024-06-30 00841151 frs-core:ComputerEquipment 2023-07-01 2024-06-30 00841151 frs-core:FurnitureFittings 2023-07-01 2024-06-30 00841151 frs-core:PlantMachinery 2024-06-30 00841151 frs-core:PlantMachinery 2023-07-01 2024-06-30 00841151 frs-core:PlantMachinery 2023-06-30 00841151 frs-core:ShareCapital 2024-06-30 00841151 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 00841151 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00841151 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 00841151 frs-bus:SmallEntities 2023-07-01 2024-06-30 00841151 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 00841151 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00841151 frs-bus:Director1 2023-07-01 2024-06-30 00841151 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 00841151 frs-countries:EnglandWales 2023-07-01 2024-06-30 00841151 2022-06-30 00841151 2023-06-30 00841151 2022-07-01 2023-06-30 00841151 frs-core:CurrentFinancialInstruments 2023-06-30 00841151 frs-core:ShareCapital 2023-06-30 00841151 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 00841151
Acceptance Company Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
H & E Johnson
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00841151
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,006 1,697
1,006 1,697
CURRENT ASSETS
Debtors 5 114,310 142,096
Cash at bank and in hand 376,496 392,777
490,806 534,873
Creditors: Amounts Falling Due Within One Year 6 (26,718 ) (23,883 )
NET CURRENT ASSETS (LIABILITIES) 464,088 510,990
TOTAL ASSETS LESS CURRENT LIABILITIES 465,094 512,687
NET ASSETS 465,094 512,687
CAPITAL AND RESERVES
Called up share capital 7 300 300
Profit and Loss Account 464,794 512,387
SHAREHOLDERS' FUNDS 465,094 512,687
Page 1
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For the year ending 30 June 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
Mrs Patricia Byrne
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
Acceptance Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00841151 . The registered office is Old Kingsland Cottage, Kingsland, Newdigate, Dorking, RH5 5DB.
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. 
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:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 July 2023 30,246
As at 30 June 2024 30,246
Depreciation
As at 1 July 2023 28,549
Provided during the period 691
As at 30 June 2024 29,240
Net Book Value
As at 30 June 2024 1,006
As at 1 July 2023 1,697
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,219 26,801
Other debtors 113,091 115,295
114,310 142,096
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,734 4,655
Other creditors 6,978 5,425
Taxation and social security 15,006 13,803
26,718 23,883
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
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8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 66,000 41,600
Page 5