Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 April 2022 false 1 July 2023 30 June 2024 30 June 2024 05852879 Mr Christopher Kenny Mr Christopher Kenny iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05852879 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-06-30 05852879 2023-06-30 05852879 2024-06-30 05852879 2023-07-01 2024-06-30 05852879 frs-core:CurrentFinancialInstruments 2024-06-30 05852879 frs-core:Non-currentFinancialInstruments 2024-06-30 05852879 frs-core:ComputerEquipment 2024-06-30 05852879 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05852879 frs-core:ComputerEquipment 2023-06-30 05852879 frs-core:FurnitureFittings 2024-06-30 05852879 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05852879 frs-core:FurnitureFittings 2023-06-30 05852879 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 05852879 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 05852879 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 05852879 frs-core:ShareCapital 2024-06-30 05852879 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05852879 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05852879 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05852879 frs-bus:SmallEntities 2023-07-01 2024-06-30 05852879 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05852879 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05852879 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 05852879 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 05852879 frs-bus:Director1 2023-07-01 2024-06-30 05852879 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05852879 frs-countries:EnglandWales 2023-07-01 2024-06-30 05852879 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-06-30 05852879 2022-03-31 05852879 2023-06-30 05852879 2022-04-01 2023-06-30 05852879 frs-core:CurrentFinancialInstruments 2023-06-30 05852879 frs-core:Non-currentFinancialInstruments 2023-06-30 05852879 frs-core:ShareCapital 2023-06-30 05852879 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05852879 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 05852879
Qed Market Research Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05852879
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,600,272 4,600,837
4,600,272 4,600,837
CURRENT ASSETS
Debtors 5 65,964 80,485
Cash at bank and in hand 47,545 35,975
113,509 116,460
Creditors: Amounts Falling Due Within One Year 6 (712,082 ) (4,452,129 )
NET CURRENT ASSETS (LIABILITIES) (598,573 ) (4,335,669 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,001,699 265,168
Creditors: Amounts Falling Due After More Than One Year 7 (2,958,000 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (193,947 ) (193,947 )
NET ASSETS 849,752 71,221
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 581,842 581,842
Profit and Loss Account 267,810 (510,721 )
SHAREHOLDERS' FUNDS 849,752 71,221
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 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 Profit and Loss Account.
On behalf of the board
Mr Christopher Kenny
Director
28th November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Qed Market Research Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05852879 . The registered office is Norfolk House, 8 Well Walk, Cheltenham, Gloucestershire, GL50 3JX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
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.
2.4. 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:
Leasehold No depreciation
Fixtures & Fittings 25% Straight line
Computer Equipment 25% straight line
2.5. 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 year 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 asset reflects 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: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 July 2023 4,600,000 4,920 3,844 4,608,764
As at 30 June 2024 4,600,000 4,920 3,844 4,608,764
Depreciation
As at 1 July 2023 - 4,920 3,007 7,927
Provided during the period - - 565 565
As at 30 June 2024 - 4,920 3,572 8,492
Net Book Value
As at 30 June 2024 4,600,000 - 272 4,600,272
As at 1 July 2023 4,600,000 - 837 4,600,837
Cost or valuation as at 30 June 2024 represented by:
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
At cost 3,824,210 4,920 3,844 3,832,974
At valuation 775,790 - - 775,790
4,600,000 4,920 3,844 4,608,764
The property was valued at 30th June 2024 on an open market basis by the director.    
5. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 1,407 -
Prepayments and accrued income 47,367 901
Other debtors 16,885 79,584
Director's loan account 305 -
65,964 80,485
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Page 5
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 286,476 298,757
Bank loans and overdrafts - 2,937,925
Other creditors 121,763 100,694
Accruals and deferred income 21,021 2,400
Director's loan account - 595
Amounts owed to associates 282,822 1,111,758
712,082 4,452,129
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 June 2023
£ £
Bank loans 2,958,000 -
Of the creditors falling due after more than one year the following amounts are due after more than five years.
30 June 2024 30 June 2023
£ £
Bank loans 2,958,000 -
8. Secured Creditors
The bank loan is secured by a fixed and floating charge on all assets held by the company including the leasehold land known as 2A Frederick Road, Selly Oak, Birmingham, B29 6PB. 
Of the creditors the following amounts are secured.
30 June 2024 30 June 2023
£ £
Bank loans and overdrafts 2,958,000 2,937,925
9. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 July 2023 581,842
As at 30 June 2024 581,842
Page 5
Page 6
11. Exceptional Items
During the year, the company had a loan balance of £838,638 written off by an associated company. This amount was previously recognised as a creditor on the balance sheet. 
This write-off has been presented as an exceptional item in the profit and loss account, reflecting the significant nature and non-recurring impact of the transaction on the company's financial performance.
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