Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10914675 P J Watts P J Watts true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10914675 2023-08-31 10914675 2024-08-31 10914675 2023-09-01 2024-08-31 10914675 frs-core:CurrentFinancialInstruments 2024-08-31 10914675 frs-core:ComputerEquipment 2024-08-31 10914675 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10914675 frs-core:ComputerEquipment 2023-08-31 10914675 frs-core:ShareCapital 2024-08-31 10914675 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10914675 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10914675 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10914675 frs-bus:SmallEntities 2023-09-01 2024-08-31 10914675 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10914675 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10914675 1 2023-09-01 2024-08-31 10914675 frs-bus:Director1 2023-09-01 2024-08-31 10914675 frs-countries:EnglandWales 2023-09-01 2024-08-31 10914675 2022-08-31 10914675 2023-08-31 10914675 2022-09-01 2023-08-31 10914675 frs-core:CurrentFinancialInstruments 2023-08-31 10914675 frs-core:ShareCapital 2023-08-31 10914675 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10914675
Phormulate Consulting Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10914675
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 145 801
145 801
CURRENT ASSETS
Debtors 5 491 8,948
Cash at bank and in hand 100,441 96,546
100,932 105,494
Creditors: Amounts Falling Due Within One Year 6 (2,936 ) (4,648 )
NET CURRENT ASSETS (LIABILITIES) 97,996 100,846
TOTAL ASSETS LESS CURRENT LIABILITIES 98,141 101,647
NET ASSETS 98,141 101,647
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 98,140 101,646
SHAREHOLDERS' FUNDS 98,141 101,647
Page 1
Page 2
For the year ending 31 August 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
P J Watts
Director
14th March 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
Phormulate Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10914675 . The registered office is Unit 8 Wheatcroft Business Park , Landmere Lane, Edwalton, Nottingham, NG12 4DG.
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 is comprised of revenue earned from the rendering of services.
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:
Computer Equipment 33% Straight-line
2.4. 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.
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: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 3,515
Additions 149
Disposals (516 )
As at 31 August 2024 3,148
Depreciation
As at 1 September 2023 2,714
Provided during the period 805
Disposals (516 )
As at 31 August 2024 3,003
...CONTINUED
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Net Book Value
As at 31 August 2024 145
As at 1 September 2023 801
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 315 8,806
Other debtors 176 142
491 8,948
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 589 2,613
Other creditors 2,347 2,035
2,936 4,648
7. Related Party Transactions
As at the 31 August 2024 the business owed the director £1,300 (2023: £988).
8. Ultimate Controlling Party
The company's ultimate controlling party is P J Watts by virtue of his ownership of 100% of the issued share capital in the company.
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