Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10242785 Mr Paul Harris Mr Gary Freeman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10242785 2023-06-30 10242785 2024-06-30 10242785 2023-07-01 2024-06-30 10242785 frs-core:CurrentFinancialInstruments 2024-06-30 10242785 frs-core:Non-currentFinancialInstruments 2024-06-30 10242785 frs-core:ComputerEquipment 2024-06-30 10242785 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10242785 frs-core:ComputerEquipment 2023-06-30 10242785 frs-core:ShareCapital 2024-06-30 10242785 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10242785 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10242785 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10242785 frs-bus:SmallEntities 2023-07-01 2024-06-30 10242785 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10242785 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10242785 frs-bus:Director1 2023-07-01 2024-06-30 10242785 frs-bus:Director2 2023-07-01 2024-06-30 10242785 frs-countries:EnglandWales 2023-07-01 2024-06-30 10242785 2022-06-30 10242785 2023-06-30 10242785 2022-07-01 2023-06-30 10242785 frs-core:CurrentFinancialInstruments 2023-06-30 10242785 frs-core:Non-currentFinancialInstruments 2023-06-30 10242785 frs-core:ShareCapital 2023-06-30 10242785 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10242785
Coacto Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
PBT Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10242785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,015 1,522
1,015 1,522
CURRENT ASSETS
Debtors 5 26,995 93,433
Cash at bank and in hand 89,994 152,081
116,989 245,514
Creditors: Amounts Falling Due Within One Year 6 (50,822 ) (50,694 )
NET CURRENT ASSETS (LIABILITIES) 66,167 194,820
TOTAL ASSETS LESS CURRENT LIABILITIES 67,182 196,342
Creditors: Amounts Falling Due After More Than One Year 7 - (47,723 )
NET ASSETS 67,182 148,619
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 67,172 148,609
SHAREHOLDERS' FUNDS 67,182 148,619
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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 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 Gary Freeman
Director
29 August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Coacto Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10242785 . The registered office is 282 Hatherley Road, Cheltenham, GL51 6HR.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Computer Equipment 25% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 4,584
As at 30 June 2024 4,584
Depreciation
As at 1 July 2023 3,062
Provided during the period 507
As at 30 June 2024 3,569
Net Book Value
As at 30 June 2024 1,015
As at 1 July 2023 1,522
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,844 43,798
Prepayments and accrued income 151 151
Directors' loan accounts - 49,484
26,995 93,433
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 17,254 (1,022 )
Corporation tax 5,096 8,703
Other taxes and social security 5,320 8,846
VAT 19,863 33,644
Net wages 3,289 522
50,822 50,694
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 47,723
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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