Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08272973 D Macrae S Macrae iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08272973 2023-12-31 08272973 2024-12-31 08272973 2024-01-01 2024-12-31 08272973 frs-core:CurrentFinancialInstruments 2024-12-31 08272973 frs-core:PlantMachinery 2024-12-31 08272973 frs-core:PlantMachinery 2024-01-01 2024-12-31 08272973 frs-core:PlantMachinery 2023-12-31 08272973 frs-core:ShareCapital 2024-12-31 08272973 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08272973 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08272973 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08272973 frs-bus:SmallEntities 2024-01-01 2024-12-31 08272973 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08272973 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08272973 frs-bus:Director1 2024-01-01 2024-12-31 08272973 frs-bus:Director2 2024-01-01 2024-12-31 08272973 frs-countries:EnglandWales 2024-01-01 2024-12-31 08272973 2022-12-31 08272973 2023-12-31 08272973 2023-01-01 2023-12-31 08272973 frs-core:CurrentFinancialInstruments 2023-12-31 08272973 frs-core:ShareCapital 2023-12-31 08272973 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08272973
Xdg Consulting Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08272973
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,513 2,583
4,513 2,583
CURRENT ASSETS
Debtors 5 7,886 59,494
Cash at bank and in hand 115,449 178,228
123,335 237,722
Creditors: Amounts Falling Due Within One Year 6 (5,281 ) (36,498 )
NET CURRENT ASSETS (LIABILITIES) 118,054 201,224
TOTAL ASSETS LESS CURRENT LIABILITIES 122,567 203,807
NET ASSETS 122,567 203,807
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 122,467 203,707
SHAREHOLDERS' FUNDS 122,567 203,807
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For the year ending 31 December 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
D Macrae
Director
6 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Xdg Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08272973 . The registered office is "Montana", West Hill Road, Woking, Surrey, GU22 7UJ.
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.
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. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Compound financial instruments include liability and equity components. The equity component is assigned the residual of the proceeds of issue after deducting the fair value of the liability component.
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 10,485
Additions 4,192
Disposals (2,474 )
As at 31 December 2024 12,203
Depreciation
As at 1 January 2024 7,902
Provided during the period 1,505
Disposals (1,717 )
As at 31 December 2024 7,690
Net Book Value
As at 31 December 2024 4,513
As at 1 January 2024 2,583
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 24,133
Other debtors 7,886 35,361
7,886 59,494
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,055 23,604
Taxation and social security 3,226 12,894
5,281 36,498
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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