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 11070193 Mr D B Gardner Mr P Roscoe Mr P Roscoe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11070193 2023-05-31 11070193 2024-05-31 11070193 2023-06-01 2024-05-31 11070193 frs-core:CurrentFinancialInstruments 2024-05-31 11070193 frs-core:ShareCapital 2024-05-31 11070193 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11070193 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11070193 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11070193 frs-bus:SmallEntities 2023-06-01 2024-05-31 11070193 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11070193 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11070193 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 11070193 frs-bus:OrdinaryShareClass1 2024-05-31 11070193 frs-bus:Director1 2023-06-01 2024-05-31 11070193 frs-bus:Director2 2023-06-01 2024-05-31 11070193 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 11070193 frs-countries:EnglandWales 2023-06-01 2024-05-31 11070193 2022-05-31 11070193 2023-05-31 11070193 2022-06-01 2023-05-31 11070193 frs-core:CurrentFinancialInstruments 2023-05-31 11070193 frs-core:ShareCapital 2023-05-31 11070193 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 11070193 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31
Registered number: 11070193
Which Rate Online Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11070193
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 3,711 286,927
3,711 286,927
Creditors: Amounts Falling Due Within One Year 5 (1,711 ) (1,600 )
NET CURRENT ASSETS (LIABILITIES) 2,000 285,327
TOTAL ASSETS LESS CURRENT LIABILITIES 2,000 285,327
NET ASSETS 2,000 285,327
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 1,999 285,326
SHAREHOLDERS' FUNDS 2,000 285,327
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 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 P Roscoe
Director
25 February 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Which Rate Online Ltd is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the probisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of data processing services are recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to costs incurred for work performed to date, against the total estimated contract costs.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
2.3. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.4. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 288
Corporation tax recoverable assets 335 335
VAT 5,206 4,707
Amounts owed by group undertakings (1,830 ) 281,597
3,711 286,927
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,711 1,600
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
Page 3