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 13733929 Mr David Anderson Mr Colin Anderson Mr DC Anderson and Mrs EM Anderson false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13733929 2023-06-30 13733929 2024-06-30 13733929 2023-07-01 2024-06-30 13733929 frs-core:CurrentFinancialInstruments 2024-06-30 13733929 frs-core:ShareCapital 2024-06-30 13733929 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13733929 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13733929 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13733929 frs-bus:SmallEntities 2023-07-01 2024-06-30 13733929 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13733929 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13733929 1 2023-07-01 2024-06-30 13733929 frs-core:CostValuation 2023-06-30 13733929 frs-core:CostValuation 2024-06-30 13733929 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 13733929 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 13733929 frs-bus:Director1 2023-07-01 2024-06-30 13733929 frs-bus:Director2 2023-07-01 2024-06-30 13733929 frs-countries:EnglandWales 2023-07-01 2024-06-30 13733929 2022-06-30 13733929 2023-06-30 13733929 2022-07-01 2023-06-30 13733929 frs-core:CurrentFinancialInstruments 2023-06-30 13733929 frs-core:ShareCapital 2023-06-30 13733929 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 13733929
Updraft Group Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 13733929
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 101 101
101 101
CURRENT ASSETS
Debtors 5 2,552,664 3,163,690
Cash at bank and in hand 2,274,325 1,242,917
4,826,989 4,406,607
Creditors: Amounts Falling Due Within One Year 6 (191,376 ) (174,379 )
NET CURRENT ASSETS (LIABILITIES) 4,635,613 4,232,228
TOTAL ASSETS LESS CURRENT LIABILITIES 4,635,714 4,232,329
NET ASSETS 4,635,714 4,232,329
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 4,635,614 4,232,229
SHAREHOLDERS' FUNDS 4,635,714 4,232,329
Page 1
Page 2
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 Income Statement.
On behalf of the board
Mr Colin Anderson
Director
17 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Updraft Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13733929 . The registered office is 11 Barringer Way, St Neots, Cambridgeshire, PE19 1LW.
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.
2.3. 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.
2.4. Taxation
Corporation 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Subsidiaries
£
Cost
As at 1 July 2023 101
As at 30 June 2024 101
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 101
As at 1 July 2023 101
The company has owned the 1 preference share in Updraft WP Software Limited, together with 100 ordinary shares in that company, a 50% ordinary share holding, throughout the year.
Updraft WP Software Limited: Registered Office - Tramshed Tech, Old Station Building, Queensway, Newport. NP20 4AX.
The investment has been valued at historical cost.
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by subsidiary - Updraft WP Software Limited 2,552,664 3,163,690
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 14,775
VAT 8,000 30,000
Directors' loan accounts 183,376 129,604
191,376 174,379
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Controlling Party
The company's controlling party is Mr DC Anderson and Mrs EM Anderson by virtue of their ownership of 100% of the issued share capital in the company.
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