Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12627753 Goncalo Lopes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12627753 2023-05-31 12627753 2024-05-31 12627753 2023-06-01 2024-05-31 12627753 frs-core:CurrentFinancialInstruments 2024-05-31 12627753 frs-core:PlantMachinery 2024-05-31 12627753 frs-core:PlantMachinery 2023-06-01 2024-05-31 12627753 frs-core:PlantMachinery 2023-05-31 12627753 frs-core:RevaluationReserve 2024-05-31 12627753 frs-core:ShareCapital 2024-05-31 12627753 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12627753 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12627753 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12627753 frs-bus:SmallEntities 2023-06-01 2024-05-31 12627753 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12627753 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12627753 frs-bus:Director1 2023-06-01 2024-05-31 12627753 frs-countries:EnglandWales 2023-06-01 2024-05-31 12627753 2022-05-31 12627753 2023-05-31 12627753 2022-06-01 2023-05-31 12627753 frs-core:CurrentFinancialInstruments 2023-05-31 12627753 frs-core:RevaluationReserve 2023-05-31 12627753 frs-core:ShareCapital 2023-05-31 12627753 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12627753
Edgesheet Ltd
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12627753
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,713 648
6,713 648
CURRENT ASSETS
Debtors 5 1,619 12,261
Cash at bank and in hand 52,247 47,576
53,866 59,837
Creditors: Amounts Falling Due Within One Year 6 (1,761 ) (14,439 )
NET CURRENT ASSETS (LIABILITIES) 52,105 45,398
TOTAL ASSETS LESS CURRENT LIABILITIES 58,818 46,046
NET ASSETS 58,818 46,046
CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve - (60,909 )
Income Statement 58,817 106,954
SHAREHOLDERS' FUNDS 58,818 46,046
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Page 2
For the year ending 31 May 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 his 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 Income Statement.
On behalf of the board
Goncalo Lopes
Director
14 February 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Edgesheet Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12627753 . The registered office is 3 Stoke Damerel Business Centre, 5 Church Street, Plymouth, Devon, PL3 4DT.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 25% Reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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 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. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 778
Additions 7,348
As at 31 May 2024 8,126
Depreciation
As at 1 June 2023 130
Provided during the period 1,283
As at 31 May 2024 1,413
Net Book Value
As at 31 May 2024 6,713
As at 1 June 2023 648
5. Debtors
2024 2023
£ £
Due within one year
Stripe account 1,619 12,261
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 12,884
Accruals and deferred income 1,440 1,380
Director's loan account 321 175
1,761 14,439
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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